Brigade Hotel Ventures' IPO is scheduled to open on July 21, 2025, and will close on July 23, 2025. It is a Book Built Issue, with the company aiming to raise approximately ₹900 crores through a fresh issue of the same amount. Additionally, there will be an offer for sale of up to [.] equity shares, each with a face value of ₹10.

The price band for the IPO is set at ₹[.] to ₹[.] per share. The allocation for retail investors is 35%, Qualified Institutional Buyers (QIBs) have a 50% share, and High Net-worth Individuals (HNIs) have been allocated 15%. The IPO is set to be listed on both BSE and NSE on July 28, 2025. Allotment of shares is expected on July 24, 2025.

In terms of financial performance, the company posted a revenue of ₹404.85 crores in FY 2024, up from ₹356.41 crores in FY 2023. It also turned profitable, reporting a net profit of ₹31.14 crores in 2024, compared to a loss of ₹3.09 crores the previous year. Based on these financials, the IPO appears suitable for long-term investment

About Brigade Hotel Ventures IPO

Brigade Hotel Ventures Limited is a prominent hotel owner and developer with a presence in multiple cities across India. It operates as a wholly owned subsidiary of BEL, one of the country’s leading real estate developers. The company ranks among the major private hotel owners in India, with a portfolio of over 500 rooms nationwide. As of June 30, 2024, Brigade Hotel Ventures owns chain-affiliated hotels and rooms primarily located in South India, including states such as Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, Telangana, and Union Territories like Lakshadweep, Andaman & Nicobar Islands, and Pondicherry. The company offers a premium hospitality experience through fine dining and specialty restaurants, MICE (Meetings, Incentives, Conferences, and Exhibitions) venues, lounges, swimming pools, outdoor areas, spas, and fitness centers. Its current portfolio includes 9 operational hotels located in Bengaluru (Karnataka), Mysuru (Karnataka), Chennai (Tamil Nadu), Kochi (Kerala), and GIFT City (Gujarat), comprising a total of 1,604 keys

Objects of the Issue (JNK India IPO Objectives)

• Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the: (i) Company; and (ii) Material Subsidiary, namely, SRP Prosperita Hotel Ventures Limited.
• Payment of consideration for buying of undivided share of land from our Promoter, BEL; and
• Pursuing inorganic growth through unidentified acquisitions, other strategic initiatives, and general corporate purposes.

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Brigade Hotel Ventures IPO Company Financial Report

Brigade Hotel Ventures IPO Company Financial Report