DBT Bureau
Pune, 24 July 2025
Brigade Hotel Ventures Limited has announced the launch of its Initial Public Offering (IPO), with the bid/issue opening on Thursday, July 24, 2025, and closing on Monday, July 28, 2025. The Anchor Investor bidding is scheduled for Wednesday, July 23, 2025, one working day before the issue opens.
The IPO comprises a fresh issue of equity shares with a face value of ₹10 each, aggregating up to ₹759.6 crore. The price band for the issue is fixed between ₹85 and ₹90 per equity share.
The offering includes a reservation of shares worth ₹7.596 crore for eligible employees, who will receive a discount of ₹3 per share under the Employee Reservation Portion. Additionally, there is a reservation of ₹30.384 crore worth of shares for BEL shareholders on a proportionate basis. The remaining portion, after these reservations, constitutes the Net Issue.
Investors can bid for a minimum of 166 equity shares, with bids in multiples of 166 shares thereafter.
The company plans to utilize the net proceeds from the IPO to repay or prepay outstanding borrowings, totaling ₹468.14 crore, which includes ₹413.69 crore of debt from Brigade Hotel Ventures and ₹54.45 crore from its material subsidiary, SRP Prosperita Hotel Ventures Limited.
Additionally, the proceeds will be used to purchase an undivided share of land from promoter BEL worth ₹107.52 crore, as well as to fund inorganic growth through acquisitions, strategic initiatives, and for general corporate purposes.
This IPO marks a significant step in Brigade Hotel Ventures’ growth journey, enabling the hospitality player to strengthen its financial position and pursue expansion opportunities.
