Brigade Hotel Ventures IPO
Brigade Hotel Ventures IPO: Brigade Hotel Ventures is launching its IPO with shares trading at a ₹17 grey market premium (GMP) ahead of the opening. With its solid presence in the hospitality sector and strong parent backing, the IPO is drawing attention from investors eager to explore India’s growing tourism and hotel industry.
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Brigade Hotel Ventures IPO: Everything You Need to Know
Brigade Hotel Ventures Limited (BHVL), the hospitality arm of Brigade Enterprises, is set to open its Initial Public Offering (IPO) on July 24, 2025. The company has garnered investor interest due to its strong brand presence in the hotel segment and its partnership with renowned global hospitality chains like Marriott, IHG, and Accor.
The shares are currently commanding a ₹17 grey market premium, indicating a decent demand in the unlisted market. The IPO is a mix of a fresh issue and offer for sale (OFS), primarily aimed at repaying debt and funding expansion.
IPO Details at a Glance
Open Date: July 24, 2025
Close Date: July 26, 2025
Price Band: ₹341–₹357 per share
Lot Size: 40 shares
Issue Size: ₹550 crore (₹350 crore fresh issue + ₹200 crore OFS)
GMP (Grey Market Premium): ₹17 as of July 22
The funds raised will be used to reduce debt and support the expansion of the company’s hotel operations across key Indian cities.
About the Company
Brigade Hotel Ventures operates several high-end and mid-market hotels across metro and Tier-1 cities. It manages brands such as Holiday Inn, Sheraton Grand, and Grand Mercure through strategic alliances. BHVL benefits from the real estate and infrastructure expertise of its parent company, Brigade Enterprises.
In FY24, the company posted a total revenue of ₹700 crore with an EBITDA margin of approximately 30%, showcasing resilience and efficient operations even in a competitive environment.
Market Sentiment and GMP Insights
The ₹17 GMP signals a moderate to positive outlook among investors. The hospitality sector has rebounded post-COVID, and with rising domestic and international travel, the demand for premium accommodations continues to grow.
While not offering blockbuster GMP levels, Brigade’s strong fundamentals and brand partnerships are considered stable long-term bets by analysts.
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Should You Subscribe?
Reasons to Consider Investing:
Strong brand associations (IHG, Accor, Marriott)
Stable financials with positive cash flow
Growth potential in India’s tourism sector
Backed by a reputed real estate player
Risks to Watch:
Cyclical nature of hospitality industry
Competition from new-age players and budget brands
Regional dependence for revenues
If you’re a medium-risk investor looking to diversify into hospitality, this IPO may be worth evaluating.
