In July 2025, India’s IPO market remains strong with various sectors attracting investors. Among the notable IPOs is Brigade Hotel Ventures Ltd., a key player in the hospitality industry. The company, part of Brigade Enterprises Limited (BEL), is set to open its IPO on July 24, 2025. The IPO aims to raise ₹759.60 crore, providing investors with an opportunity to gain exposure to the growing hospitality sector. Below, we explore the IPO details, the company’s financials, and its market potential.
About Brigade Hotel Ventures Ltd.
Founded as a wholly-owned subsidiary of Brigade Enterprises Ltd., Brigade Hotel Ventures Ltd. (BHVL) specializes in owning, developing, and managing hotels in prominent cities across India, focusing primarily on South India. As of March 2025, the company owns a portfolio of 9 operating hotels with 1,604 keys across cities like Bengaluru, Chennai, Kochi, Mysuru, and GIFT City (Gujarat).
Brigade Hotel Ventures partners with global hospitality brands such as Marriott, Accor, and InterContinental Hotels Group, which operate its hotels. The company’s offerings extend beyond accommodations to include fine dining, MICE (meetings, incentives, conferences, and exhibitions), lounges, spas, and other premium services.
Brigade Hotel Ventures Ltd. IPO Details
The Brigade Hotel Ventures IPO is a bookbuilding IPO with a total issue size of ₹759.60 crore. The issue will consist entirely of a fresh issue of 8.44 crore shares, which will be offered at a price band of ₹85 to ₹90 per share.
- IPO Open Date: July 24, 2025
- IPO Close Date: July 28, 2025
- Price Band: ₹85 to ₹90 per share
- Lot Size: 166 shares
- Total Issue Size: ₹759.60 crore
Important IPO Timeline
| Event | Date |
| IPO Open Date | July 24, 2025 |
| IPO Close Date | July 28, 2025 |
| Tentative Allotment Date | July 29, 2025 |
| Refund Initiation | July 29, 2025 |
| Credit of Shares to Demat | July 30, 2025 |
| Tentative Listing Date | July 31, 2025 |
| Cut-off time for UPI mandate | 5 PM on July 28, 2025 |
Key IPO Details
| Particulars | Details |
| Face Value | ₹10 per share |
| Issue Price Band | ₹85 to ₹90 per share |
| Lot Size | 166 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 8,44,00,000 shares (aggregating up to ₹759.60 Cr) |
| Employee Discount | ₹3.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 29,54,30,000 shares |
| Share Holding Post Issue | 37,98,30,000 shares |
Lot Size of Brigade Hotel Ventures Ltd. IPO
| Application Type | Lots | Shares | Amount |
| Retail (Min) | 1 | 166 | ₹14,110 |
| Retail (Max) | 13 | 2,158 | ₹1,94,220 |
| S-HNI (Min) | 14 | 2,324 | ₹2,09,160 |
| S-HNI (Max) | 66 | 10,956 | ₹9,86,040 |
| B-HNI (Min) | 67 | 11,122 | ₹10,00,980 |
Brigade Hotel Ventures Ltd. Financials
The Brigade Hotel Ventures IPO comes with a market capitalisation of ₹3,418.47 crore. Although the company has shown consistent revenue growth, its profit after tax (PAT) saw a decline in the most recent fiscal year, highlighting the challenges faced by the hospitality industry. However, with strategic expansions, the company is poised for long-term growth.
Key Performance Indicators (as of March 31, 2025)
- Return on Capital Employed (ROCE): 13.62%
- Debt/Equity: 7.40
- Return on Net Worth (RoNW): 30.11%
- Profit After Tax (PAT) Margin: 5.03%
- EBITDA Margin: 35.45%
- Price-to-Book Value: 32.26
- Pre-IPO EPS: ₹0.72
- Pre-IPO P/E: 125
Financial Snapshot
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets (₹ Cr) | 947.57 | 886.78 | 840.67 |
| Revenue (₹ Cr) | 470.68 | 404.85 | 356.41 |
| Profit After Tax (₹ Cr) | 23.66 | 31.14 | -3.09 |
| EBITDA (₹ Cr) | 166.87 | 144.61 | 113.98 |
| Net Worth (₹ Cr) | 78.58 | 58.74 | 33.81 |
| Total Borrowing (₹ Cr) | 617.32 | 601.19 | 632.50 |
Brigade Hotel Ventures Ltd.: Industry Outlook
The Indian hospitality industry is experiencing steady growth, particularly as the tourism sector recovers from the pandemic. With increasing domestic and international travel, the demand for luxury accommodations, corporate events, and MICE (meetings, incentives, conferences, and exhibitions) is on the rise. Companies like Brigade Hotel Ventures Ltd., with its strong presence in South India, are well-positioned to capitalize on this growth.
- South India continues to see rising demand for luxury hotels and leisure travel, with cities like Bengaluru, Chennai, and Kochi becoming major tourist and business hubs.
- The Indian government’s efforts to support the tourism sector and increase foreign tourist arrivals will contribute to a positive outlook for the hospitality industry.
Use of IPO Proceeds
| Purpose | Expected Amount (₹ Cr) |
| Repayment of borrowings | ₹468.14 |
| Acquisition of land from the promoter | ₹107.52 |
| Inorganic growth and corporate purposes | Balance |
Conclusion
Brigade Hotel Ventures Ltd. presents a compelling opportunity for investors looking to gain exposure to the growing hospitality sector in India. With its strong brand presence in South India, strategic alliances with global hotel brands, and solid financial growth, the company has the potential for long-term success.
However, the high P/E ratio and recent dip in profit margins warrant a cautious approach for investors with a short-term outlook. Those with a medium- to long-term perspective may find this IPO appealing, especially given the expansion of India’s tourism and hospitality market.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
