Brigade Hotel Ventures IPO

Issue period

Opens On: 24 Jul 2025

Closes On: 28 Jul 2025

Price band

₹ 85 to 90 per equity share

Bid lot

166 shares and in multiples thereof

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More about the IPO

Issue size	Rs. 759.60 Cr
Price band	Rs. 85 to 90 per equity share
Bid lot	166 shares and in multiples thereof
Issue break-up	QIB - Rs. 360.81 Cr
	HNI - Rs. 108.24 Cr
	RET - Rs. 252.57 Cr
Registrar	KFin Technologies Ltd.
Listing at	BSE & NSE

Company Details

Brigade Hotel Ventures Ltd is an owner and developer of hotels in key cities in India primarily across South India. They are the second largest owner of chain-affiliated hotels and hotel rooms in South India (comprising the states of Kerala, Andhra Pradesh, Tamil Nadu, Karnataka, Telangana, and the Union territories Lakshadweep, Andaman and Nicobar Islands and Pondicherry) among major private hotel asset owners (i.e., investors owning at least 500 rooms pan India) as of March 31, 2025 (Source: Horwath HTL Report).

They are a subsidiary of BEL which is a real estate developer in India. Their association with BEL gives them a competitive edge and allows them to leverage its brand reputation, relationships with corporate clients and expertise in developing real estate properties. They benefit from BEL’s understanding of market trends and strategic location opportunities, enabling them to develop hotels in prominent areas with high growth potential. They also take advantage of BEL’s involvement in mixed-use developments to develop hotels as part of real estate projects to offer integrated experiences to their customers.

They focthem on identifying specific locations for their hotels within cities that are conveniently located near airports, business districts, commercial centres and retail hubs with a high footfall. For example, their hotel Grand Mercure Bangalore is located in the heart of Bengaluru’s Koramangala region, providing accessibility to key business hubs, prominent tech parks and a variety of dining and entertainment options while their hotel Grand Mercure Mysore is located in close proximity to iconic landmarks such as Mysore Palace, allowing customers to experience cultural heritage. In addition, their hotel Grand Mercure Ahmedabad GIFT City is located within GIFT City (Gujarat) which is one of the India’s pioneering global financial hub (Source: Horwath HTL Report). They align branding and positioning of their hotels with the characteristics of each location, catering to preferences and expectations of their target customers. For example, they strategically chose the ‘Grand Mercure’ brand for certain of their hotels in Bengaluru (Karnataka), Mysuru (Karnataka), and GIFT City (Gujarat) owing to their upscale positioning, offering a blend of international standards and local flavours. Their capability to collaborate with global marquee hospitality companies, their brand-agnostic approach, and their appeal to global brands demonstrate their adaptability and helps them enhance their market presence in India.

They follow a business model where they either own or lease hotel assets and engage global hospitality companies for operation of the hotels. They closely monitor hotel performance and work with hotel operators to set performance targets and manage expenses. Their initiatives towards optimizing expenses include space utilization, reduction in energy consumption, shared services, facility upgrades, staffing optimization, and leveraging technology which in their experience improves cost-effectiveness.

Log in to the Mirae Asset Sharekhan app and tap the hamburger menu.
Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
Click on the Current IPO tab and select the IPO of your choice.
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.

Note: The actual amount will be debited when the shares are allotted to you.

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

Log in to the Mirae Asset Sharekhan website and click the IPO & OTHERS menu option you see on the top-right.
From the list of Active IPOs, select the IPO of your choice
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.

Note: The actual amount will be debited when the shares are allotted to you.

How does an IPO work?

An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.

Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.

In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.

In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).

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Brigade Hotel Ventures Ltd.

Price: 85 - 90 | IPO Lot Size: 166 | IPO Issue Size: NA
Open Date: 24 Jul 2025 | Close Date: 28 Jul 2025

Brigade Hotel Ventures IPO

Issue period

Price band

Bid lot

More about the IPO

Company Details

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

How does an IPO work?

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