Brigade Hotel Ventures came to market through an IPO that opened on 24 July 2025 and closed on 28 July 2025, and the shares listed on 31 July 2025 on BSE, NSE. The price band was ₹85 to ₹90 per share and one lot was 166 shares, so the minimum application was ₹14,940. The issue size was ₹759.6 crore. The whole issue was fresh shares, so the money raised went to the company.
Kfin Technologies Limited was the registrar to the issue, and Jm Financial Limited, ICICI Securities Limited were the lead managers.
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Brigade Hotel Ventures Limited is the owner and builder of hotels in major cities in India, mainly in South India. The company is a fully-owned subsidiary of BEL, one of India's top-ranked Indian realty developers.
The firm owns chain-branded hotels and rooms in South India (inclusive of the states of Kerala, Andhra Pradesh, Tamil Nadu, Karnataka, Telangana, and Union territories Lakshadweep, Andaman and Nicobar Islands and Pondicherry) among large private hotel asset owners (i.e., having minimum 500 rooms pan India) as on June 30, 2024. The hotels offer an integrated customer experience, such as fine dining and specialty restaurants, meeting places for incentives, conferences, and exhibitions (MICE), lounges, swimming pools, open areas, spas, and gymnasiums.
The company have nine operating hotels under their portfolio spread across Bengaluru (Karnataka), Chennai (Tamil Nadu), Kochi (Kerala), Mysuru (Karnataka) and the GIFT City (Gujarat) with 1,604 keys. The company's hotels are managed by international marquee hospitality players like Marriott, Accor and InterContinental Hotels Group.
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
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Brigade Hotel Ventures IPO: Anchor investors purchase Rs 325 crore worth of shares. SBI Mutual Fund, Franklin India, 360 ONE Special Opportunities Fund, Axis Mutual Fund, Motilal Oswal AMC, Bandhan Mutual Fund, Edelweiss Trusteeship, Nuvama, and Edelweiss Life Insurance Company were the marquee institutional investors who participated in the anchor book. Six of the domestic mutual funds have made an investment of Rs 229.4 crore (70.6 percent of anchor investor's total investment) in the company under their 12 schemes.
Brigade Enterprises Limited. Promoter holding 95.26% before the issue and 74.09% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Brigade Hotel Ventures IPO was a ₹759.6 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹85–₹90 per share with a lot size of 166 shares (₹14,940). The IPO was open from July 24 to July 28, 2025. Shares listed on BSE and NSE on July 31, 2025 at ₹81.10, a 9.9% discount to the issue price of ₹90. Kfin Technologies Limited is the registrar.
Jm Financial Limited and ICICI Securities Limited are the book running lead managers.
The price band of Brigade Hotel Ventures IPO is ₹85 to ₹90 per share.
The lot size of Brigade Hotel Ventures IPO is 166 shares.
The minimum investment for Brigade Hotel Ventures IPO is approximately ₹14,940 based on the upper price band.
The allotment date of Brigade Hotel Ventures IPO is Jul 29, 2025.
Brigade Hotel Ventures IPO listed on Jul 31, 2025. It was issued at ₹81.1(NSE) and is currently around ₹54.99 as on 3-Nov-2026 3:30 PM, which is approximately -38.9% versus issue price. The 52-week high is ₹84.20.
You can check Brigade Hotel Ventures IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Brigade Hotel Ventures IPO allotment status on Rupix for quick and easy access.
₹85 to ₹90 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 166 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,940.
₹14,940, for one lot of 166 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 24 July 2025 and closed on 28 July 2025.
The basis of allotment was published on 29 July 2025 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 31 July 2025 on BSE, NSE.
The issue size was ₹759.6 crore. The fresh issue was 8,44,00,000 shares (aggregating up to ₹759.6 crore).