Brigade Hotel Ventures IPO – Review
Brigade Hotel Ventures Limited (BHVL), an owner and developer of hotels in key cities in India, is planning to raise INR 760 Crore via an IPO.
[Fresh Issue 760 Cr + OFS NIL]
Brigade hotel ventures ipo price is INR 85 – 90 per share
Brigade Hotel Ventures: History
The Company was incorporated as Brigade Hotel Ventures Limited in Bengaluru (Karnataka) as a public limited company under the Companies Act, 2013, and a certificate of incorporation was granted by the Deputy Registrar of Companies on August 24, 2016.
Brigade Hotel Ventures: Business
Brigade Hotel Ventures Ltd is a wholly owned subsidiary of Brigade Enterprises Limited (BEL), one of India’s leading real estate developers.
BVHL is an owner and developer of hotels in key cities in India, primarily across South India. It is the second largest owner of chain-affiliated hotels and rooms in South India, comprising the states of –
- Andhra Pradesh,
- Kerala,
- Karnataka,
- Tamil Nadu,
- Telangana, and
- The Union Territories of Lakshadweep, Andaman and Nicobar Islands, and Pondicherry
Brigade Hotel Ventures provides a comprehensive client experience service, including –
- Fine dining and specialty restaurants,
- Venues for meetings, incentives, conferences, and exhibitions (MICE),
- Lounges,
- Swimming pools,
- Outdoor spaces,
- Spas, and
- Gymnasiums
According to the Horwath HTL Report, BHVL’s hotels are operated by global marquee hospitality companies such as Accor, Marriott, and InterContinental Hotels Group and are in the upper upscale, upscale, upper-midscale, and midscale segments.
The Company has a proven track record of developing marquee hotels across various geographies and different hospitality segments.
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Hotel Portfolio
As of the date of this Draft Red Herring Prospectus (DRHP), Brigade Hotel has a portfolio of nine operating hotels across Bengaluru (Karnataka), Chennai (Tamil Nadu), Kochi (Kerala), Mysuru (Karnataka), and GIFT City (Gujarat) with 1,604 keys.
Employee Strength
As of March 31, 2025, the company employs 1,191 permanent staff and is well-positioned to capitalize on rising domestic and international tourism trends in India.
Strategies Ahead
- Expand operations by developing new hotels at select locations
- Focus on improving operating efficiencies and increasing revenues
- Expand portfolio by way of opportunistic and accretive acquisitions
Company Promoters
- Brigade Enterprises Limited
IPO Details
IPO date = 24 July to 28 July 2025
Minimum Amount = INR 14,940
Minimum Bid = 166 Shares
Face Value (FV) = INR 10
Listing On = NSE, BSE
Book Running Lead Manager
JM Financial Limited
ICICI Securities Limited
Financials
CONCLUSION
FinBlab recommends ‘MAY SUBSCRIBE‘ ratings Brigade Hotel Ventures IPO
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