Archive · 24 Jul 2025
Brigade Hotel Ventures Raises Funds Ahead of IPO
Imagine a hotel company, Brigade Hotel Ventures, that wants to raise money to grow.
They are doing this by selling shares of the company to the public through something called an IPO.
Before this happens, they got ₹324.7 crore from big investors.
The company plans to use the money from the IPO to pay off some of its loans, buy land, and expand.
They operate nine hotels in cities like Bengaluru, Chennai, and Kochi.
People can start buying shares on Thursday at a price between ₹85 and ₹90 each.
Brigade Hotel Ventures raised ₹324.7 crore from anchor investors before its IPO.
The IPO opens on Thursday, with a price band of ₹85–₹90 per share.
The IPO is a fresh issue worth ₹759.6 crore, with no offer-for-sale component.
Funds will be used for debt repayment, land purchase, acquisitions, and growth.
The company operates nine hotels with 1,604 rooms across multiple cities.
- Who
- Brigade Hotel Ventures, a hotel owner and developer in South India.
- What
- Brigade Hotel Ventures is raising funds through an IPO.
- When
- The IPO opens on Thursday and closes on July 28; the stock is expected to debut on July 31.
- Where
- Funds are being raised in India, where the company operates hotels.
- Why
- To repay debt, purchase land, support acquisitions, and strategic growth.
- Amount Raised from Anchor Investors
- ₹324.7 crore
- IPO Price Band
- ₹85–₹90 per share
- IPO Type
- Fresh issue
- IPO Size
- ₹759.6 crore
- Use of Proceeds
- Debt repayment, land purchase, acquisitions, growth
- Number of Hotels
- 9
- Total Rooms
- 1,604