Brigade Hotel Ventures Ltd. | Globe Capital Market LTD.
Brigade Hotel Ventures Ltd.
Closed
Price Band
₹85 to ₹90 per share
IPO Issue Period
July 24, 2025 to July 28, 2025
Issue Size
₹759.60 Cr
Employee Discount
Rs.3/-
Face value
₹10 per share
Fresh issue
₹759.60 Cr
Offer for sale
NIL
Minimum Shares for Retail
166 Shares
Listing on
BSE, NSE
Issue Type
Book Built Issue IPO
Registrar to the Issue
Kfin Technologies Limited
Tentative Listing Date
Thu, Jul 31, 2025
QIB
75%
NII
15%
Retail
10%

Jm Financial Limited
ICICI Securities Limited

Brigade Hotel Ventures Limited is the owner and developer of hotels in key cities in India, primarily across South India. The company is a wholly-owned subsidiary of BEL, which is one of the leading Indian real estate developers in India.

The company owns chain-affiliated hotels and rooms in South India (comprising the states of Kerala, Andhra Pradesh, Tamil Nadu, Karnataka, Telangana, and the Union territories Lakshadweep, Andaman and Nicobar Islands and Pondicherry) among major private hotel asset owners (i.e., owning at least 500 rooms pan India) as of March 31, 2025. The hotels provide a comprehensive customer experience, including fine dining and specialty restaurants, venues for meetings, incentives, conferences, and exhibitions (“MICE”), lounges, swimming pools, outdoor spaces, spas, and gymnasiums.

The company have a portfolio of nine operating hotels across Bengaluru (Karnataka), Chennai (Tamil Nadu), Kochi (Kerala), Mysuru (Karnataka) and the GIFT City (Gujarat) with 1,604 keys. The company’s hotels are operated by global marquee hospitality companies such as Marriott, Accor and InterContinental Hotels Group.

For the year/period ended (Rs. in Cr.)

FY25 FY24 FY23
Total Revenue 470.68 404.85 356.41
Profit After Tax 23.66 31.14 (3.09)
EPS 0.72 0.88 (0.14)
OPM (%) 35.45% 35.72% 31.98%
PATM (%) 5.03% 7.69% (0.87%)

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY25
Net Profits(Cr.)
FY25
Brigade Hotel Ventures Ltd. *3418.47 90 32.25 125 470.68 23.66
EIH Associated Hotels Ltd. 2,396.93 393.35 4.47 26.1 408.24 91.85
ITC Hotels Ltd. 52,366.09 251.5 4.85 82.12 3,525.86 621.77
Royal Orchid Hotels Ltd. 1,198.21 436.9 4.85 25.36 319.47 43.13

*Market cap @upper band

 

  • Strategically located award winning hotels with diversified offerings in the key cities primarily in South India.
  • Focus on asset management resulting in operating efficiencies.
  • Focus on environmental, social and governance.
  • Strong parentage of Brigade Group.
  • Well positioned to leverage industry tailwinds.
  • Experienced management team with domain expertise.
  • Track record of financial performance.
  • The Company Brigade Hotel Ventures IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
  • Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the company and Material Subsidiary, namely, SRP Prosperita Hotel Ventures Limited
  • Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.

The Company is engaged in owning and developing hotels, with prime focus on Southern region. Based on recent financials, the issue prima facie appears aggressively priced. Hence, Well-informed investors subscribe for long term.

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