Archive · 28 Jul 2025
Brigade Hotel Ventures IPO Opens for Public Subscription
A hotel company, Brigade Hotel Ventures, is selling shares to the public to raise money through an IPO, hoping to raise about 760 crore rupees.
They already got money from big investors.
The funds will pay off debt, buy land, and help them acquire more hotels.
The company owns several hotels in South India and plans to build more.
It's like the company is offering shares to the public to grow bigger.
Brigade Hotel Ventures launched its IPO with a price band of Rs 85-90.
The IPO is a fresh issue of equity shares worth Rs 759.6 crore, with no offer-for-sale component.
The company secured Rs 325 crore from anchor investors like SBI MF and Axis MF.
Funds will be used for debt repayment, land purchase, and strategic initiatives.
BHVL currently owns nine hotels and plans to add five more, including sites in Chennai and Bengaluru.
- Who
- Brigade Hotel Ventures Ltd, a subsidiary of Brigade Enterprises Ltd.
- What
- Brigade Hotel Ventures' initial public offering (IPO).
- When
- Opened for public subscription on July 24, 2025.
- Where
- Bengaluru, Chennai, Kochi, Mysuru, and GIFT City (Gujarat)
- Why
- To raise funds for debt repayment, land purchase, acquisitions, and general corporate purposes.
- IPO Size
- Rs 760 crore
- Price Band
- Rs 85-90
- Market Lot
- 166 shares
- Anchor Investors Amount
- Rs 325 crore
- Use of Proceeds
- Debt repayment, land purchase, acquisitions, and general corporate purposes
- Hotel Count
- 9 owned; 5 planned
- Listing Date
- July 31