Brigade Hotel Ventures Ltd is coming up with its Initial Public Offering (IPO) which opens on July 24, 2025 and closes on July 28, 2025. The IPO consists of a fresh issue of 8.44 crore shares, aggregating up to ₹759.60 crores. The IPO price band is set at ₹85 to ₹90 per share, with a minimum lot size of 166 shares. Investors are keenly watching this IPO due to the company’s affiliation with Brigade Enterprises Ltd and its presence in the high-growth hospitality sector. Let us do the Brigade Hotel Ventures IPO Review and Analysis to understand whether you should subscribe to this IPO or avoid it.
About Brigade Hotel Ventures Ltd
Brigade Hotel Ventures Ltd (BHVL) is a subsidiary of Brigade Enterprises Ltd (BEL), one of the leading real estate players in India. BHVL is primarily engaged in owning and operating hotel properties across South India and select metro locations. As of March 31, 2025, it owns and operates nine hotels with 1,604 keys across cities like Bengaluru, Chennai, Kochi, Mysuru, and GIFT City (Gujarat).
These hotels are operated under renowned international brands such as Marriott, Accor, and InterContinental Hotels Group, providing a strong value proposition and brand recall.
Competitive Strengths
- Strong brand affiliations: Partnership with globally recognized hospitality chains.
- Diversified hotel portfolio: Spread across business and leisure destinations.
- Parent company backing: Strategic and financial support from Brigade Enterprises Ltd.
- Improving operational metrics: Consistent growth in revenue and EBITDA margins.
- Growing MICE segment: In-house facilities for meetings and exhibitions.
Brigade Hotel Ventures IPO Issue Details
| Particulars | Details |
| IPO Open Date | July 24, 2025 |
| IPO Close Date | July 28, 2025 |
| Allotment Date | July 29, 2025 (Tentative) |
| Listing Date | July 31, 2025 (Tentative) |
| IPO Price Band | ₹85 to ₹90 per share |
| Lot Size | 166 shares |
| Minimum Investment | ₹14,110 |
| Issue Size | ₹759.60 Cr (Fresh Issue Only) |
| Listing At | BSE & NSE |
| Registrar | KFin Technologies Ltd |
| Lead Managers | JM Financial, ICICI Securities |
Financials of the Company
| Particulars (₹ in Cr) | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | 356.41 | 404.85 | 470.68 |
| EBITDA | 113.98 | 144.61 | 166.87 |
| PAT | -3.09 | 31.14 | 23.66 |
| Net Worth | 33.81 | 58.74 | 78.58 |
| Total Borrowing | 632.50 | 601.19 | 617.32 |
The company turned profitable in FY24, though profits declined slightly in FY25 due to expansion and operational costs.
Objects of the IPO
- Repayment or prepayment of borrowings of the company and its subsidiary SRP Prosperita Hotel Ventures Ltd.
- Purchase of land from the promoter Brigade Enterprises Ltd.
- Inorganic growth opportunities and general corporate purposes.
Valuation – P/E Ratio Compared to Peers
| Company | EPS (FY25) | P/E Ratio |
|---|---|---|
| Brigade Hotel Ventures | ₹0.72 | 125x |
The IPO appears aggressively priced when compared to its earnings, given the high P/E of 125x. No direct listed peer comparison is available.
Grey Market Premium (GMP)
As of July 22, 2025, the Grey Market Premium (GMP) for Brigade Hotel Ventures IPO is approximately ₹12-15 per share, indicating mild investor interest.
Reasons to Invest in Brigade Hotel Ventures IPO
- Strong brand tie-ups and parentage (Brigade Enterprises).
- Recovery in hotel sector post-COVID.
- Consistent growth in revenues and operational efficiency.
- Expanding footprint in high-growth hospitality sector.
- Strategic use of IPO funds for debt reduction and asset purchases.
Risk Factors in Brigade Hotel Ventures IPO
- High debt-equity ratio at 7.40.
- Thin profit margins (PAT margin ~5%).
- Heavy dependence on parent company and hospitality sector cycles.
- Aggressive valuation may cap near-term upside.
How to Apply for Brigade Hotel Ventures IPO?
- You can apply via UPI-based ASBA through your broker or net banking.
- Choose the IPO, enter lot size (166 shares or multiples), and bid at cut-off or within the price band (₹85-₹90).
- Confirm UPI mandate before 5 PM on July 28, 2025.
Should you Invest in Brigade Hotel Ventures IPO?
Brigade Hotel Ventures Ltd operates in a growing hospitality segment with renowned brands and strong parent backing. However, the IPO is priced aggressively at a P/E of 125x, and the company is carrying forward losses of over ₹196 crore. While revenue has grown and it turned profitable recently, the thin margins and high debt raise concerns.
Investors may wait and watch for better clarity post-listing.
FAQs about Brigade Hotel Ventures IPO
- What is Brigade Hotel Ventures IPO Date?
The IPO opens on July 24, 2025 and closes on July 28, 2025. - What is the price band of Brigade Hotel Ventures IPO?
The IPO price band is ₹85 to ₹90 per share. - What is the minimum lot size and investment amount?
The lot size is 166 shares and minimum investment is ₹14,110. - Is there any discount for employees or shareholders?
Yes, employees are offered a discount of ₹3 per share. Shareholders of Brigade Enterprises Ltd may apply under the reserved category. - What is Brigade Hotel Ventures IPO GMP today?
As of July 22, 2025, the GMP is in the range of ₹12-15 per share. - What are the risks of investing in Brigade Hotel Ventures IPO?
High valuation, high debt, and thin margins are key risks. - Should I Subscribe or Avoid Brigade Hotel Ventures IPO?
Investors should be cautious due to premium valuations. They can wait, watch and assess after listing.
Disclaimer: This article is for educational purposes only and not a recommendation to invest. Please consult your financial advisor before investing in IPOs.
- Patel Retail IPO Review – Should you Subscribe or Avoid? - August 19, 2025
- Documents Needed to Open Savings Account with Zero Balance - August 19, 2025
- Muthoottu Mini NCD August 2025 Review – Interest Rates, Ratings & Full Analysis - August 19, 2025
Discover more from Myinvestmentideas.com
Subscribe to get the latest posts sent to your email.