Archive · 24 Jul 2025
Brigade Hotel Ventures IPO Launches, Price Set
Imagine a company called Brigade Hotel Ventures that owns hotels.
They are selling new shares of their company to raise money, which is called an IPO.
The sale started on July 24th.
They are hoping to sell each share for between ₹85 and ₹90.
They will use the money to pay off debts, buy some land, and expand their business.
The company already got ₹126 crore earlier.
Brigade Hotel Ventures is part of a bigger company called Brigade Enterprises, which is a real estate company from Bengaluru.
Brigade Hotel Ventures IPO launched on Thursday, July 24, with a price band of ₹85 to ₹90 per share.
The IPO consists of a fresh equity share issue totaling ₹759.6 crore, with no offer-for-sale component.
Funds raised will be used for debt repayment, acquiring land, acquisitions, and other corporate needs.
The company secured ₹126 crore earlier this month through equity shares offered to 360 ONE Alternates Asset Management.
Brigade Hotel Ventures Ltd is a subsidiary of Brigade Enterprises Ltd, a Bengaluru-based real estate firm.
- Who
- Brigade Hotel Ventures Ltd.
- What
- Brigade Hotel Ventures IPO launched.
- When
- July 24th.
- Where
- Southern India.
- Why
- To raise funds for debt repayment, land acquisition, and business expansion.
- IPO Launch Date
- July 24th
- IPO Price Band
- ₹85 to ₹90 per share
- Total Issue Size
- ₹759.6 crore
- Use of Funds
- Debt repayment, land acquisition, acquisitions, and corporate needs.
- Parent Company
- Brigade Enterprises Ltd (BEL)