Brigade Hotel Ventures Limited IPO

Brigade Hotel Ventures Limited IPO is a bookbuilding IPO of an entirely fresh issue of shares amounting up to ₹759.60 crores with a price band set between ₹85 to ₹90 per share. Subscription for the IPO will be accessible on 24th June, 2025 and closed by 28th July, 2025 to be listed on BSE and NSE, the date anticipated for its listing is 31st July, 2025. Minimum lot size for any applicant is 166 shares, for a retail investor is 166 shares which amounts upto ₹14,110, for sNII is 2,324 shares which totals to ₹2,09,160 and for bNII is 11,122 shares amounting to ₹10,00,980.

Company Background

Brigade Hotel Ventures builds and owns chains of hotels in various parts of India with a special focus on the South Indian region, with various hotels like Sheraton Grand, Four Points by Sheraton, Grand Mercure (Bangalore, Ahmedabad & Mysore), Holiday Inn (Chennai & Bangalore) and Ibis Styles. Brigade is well-known for its customer support services, fine dining, gymnasium and outdoor pools facilities and venues that can be utilised for Meetings, Incentives, conferences as well as exhibitions.

Operations and Product Range

Facility and Production

Brigade Hotel Ventures, headquartered at the World Trade Centre located in Bangalore, India, has a chain of affiliated hotels and rooms in states like Tamil Nadu, Andhra Pradesh, Karnataka, Telangana, UT’s like Lakshwadeep, Andaman & Nicobar as well as Pondicherry.

Brand and Market Presence

Brigade Hotel Ventures Limited is a notable name in the hospitality sector of India, with an evidently strong hold in the South Indian region of the country. The company owns or leases hotels under management agreements with well-known international brands such as Marriott, Accor and InterContinental Hotels Group. The company operates nine hotels and is the second largest owner of chain-affiliated hotels in South India.

Revenue Channels

Brigade Hotel Ventures Limited works on a hybrid model where the company owns or leases hotel properties and partners with prominent industry brands to manage operations. The main channels of revenue for the company are, room rentals as the most significant source of revenue, the company’s food and beverage services through their restaurants, bars and catering services, providing banquet and event spaces for various types of purposes. In FY24 the two hotels managed by Marriott accounted for Brigade’s 43.81% revenue.

Management & Shareholding

Promoters & Shareholding

The parent company of the company, Brigade Enterprises Limited is the promoter of the Brigade Hotel Ventures Limited IPO, and held a 95.26% stake in the company before its IPO.

Board Members

The current board members of Brigade Hotel Ventures Limited are a team of highly skilled professionals with managerial expertise such as Nirupa Shankar (Managing Director), Vineet Verma (Non-Executive and Non-Independent Director), Amar Shivram Mysore (Non-Executive and Non-Independent Director), Bijou Kurien (Independent Director), Anup Shah Sanmukh (Independent Director), Jyoti Narang (Independent Director) and Nakul Anand (Independent Director).