Brigade Hotel Ventures Limited is launching its Initial Public Offering (IPO) on July 24, and investors can subscribe to it until July 28.
The price band for the IPO has been fixed between Rs 85 to Rs 90 per share, and the face value of each share is Rs 10.
This means the floor price is 8.5 times the face value, and the cap price is 9 times.
A lot size of 166 shares has been decided for this IPO. So, the minimum investment required will be Rs 14,940.
Being a mainboard IPO, the shares will be listed on both the BSE and NSE.
Share Allocation and IPO Size
In terms of reservation:
At least 75% of the IPO is reserved for Qualified Institutional Buyers (QIBs).
Up to 15% is set aside for Non-Institutional Investors (NIIs).
Only 10% is reserved for retail investors.
The total IPO size is Rs 759.60 crore, through which the company plans to issue 8.44 crore new shares. Also, the company is offering a Rs 3 per share discount to its employees.
About the Company
Brigade Hotel Ventures Limited is a subsidiary of Brigade Enterprises Limited (BEL).
BEL entered the hospitality sector in 2004, and its first hotel started operations in 2009.
Currently, the company runs 9 hotels in states like Karnataka, Tamil Nadu, Kochi, Mysore, and Gujarat.
In the financial year 2025, the company posted a profit of Rs 23.70 crore, which is a 24% decrease compared to the Rs 31.14 crore profit in the previous year.
