IPO Details
Bidding Dates
24 Jul 25 - 28 Jul 25
Lot Size
166
Price Range ₹
85 - 90
Exchange Status
NSE,BSE
Total Equity
₹ 0.00Cr
IPO Doc
IPO Timeline
Offer start
24 Jul 2025
Offer end
28 Jul 2025
Allotment
29 Jul 2025
Refund initiation
29 Jul 2025
Demat transfer
30 Jul 2025
Listing
31 Jul 2025
Offer start
24 Jul 2025
Offer end
28 Jul 2025
Allotment
29 Jul 2025
Refund initiation
29 Jul 2025
Demat transfer
30 Jul 2025
Listing
31 Jul 2025
About Company
Brigade Hotel Ventures Limited (BHVL) is a wholly-owned subsidiary of Brigade Enterprises Limited (BEL), one of India’s top real estate developers. BHVL is engaged in owning and developing premium hotels across key South Indian cities. As of March 31, 2025, it owns and operates nine hotels with a total of 1,604 keys, across Bengaluru, Chennai, Kochi, Mysuru, and GIFT City (Gujarat). Its properties are managed by top global hospitality brands like Marriott, Accor, and InterContinental Hotels Group. BHVL focuses on offering a comprehensive guest experience, including fine dining, MICE facilities, spas, pools, and gyms. In FY25, it reported a 16% YoY revenue growth but a 24% decline in PAT. The IPO aims to raise funds for debt repayment, land acquisition from the parent BEL, and future acquisitions.
Year Founded
24-08-2016
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 0 |
| Share Capital | 281430000 | 0 |
Project Details
- Payment of consideration for buying of undivided share of land from our Promoter, BEL - 1075.19cr
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by our - 4810cr
Objectives
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by our:(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
- andPursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
Highlights
- BEL is a well-established real estate player in India, which provides financial and strategic support to BHVL.
- Operates in high-demand hospitality markets like Bengaluru, Chennai, Kochi, and GIFT City.
- Hotels are managed by globally recognized brands (Marriott, Accor, IHG), ensuring brand loyalty and premium customer service.
- Indicates efficient cost control and healthy operating profitability.
- A major portion of funds (₹468.14 Cr) will go towards reducing debt, which could improve financial stability and future profitability.
Challenges
- Very high leverage suggests financial risk; significant interest obligations can impact profitability.
- Despite revenue growth, PAT fell 24% YoY in FY25, indicating margin pressure or increased costs.
- Hotels are managed by globally recognized brands (Marriott, Accor, IHG), ensuring brand loyalty and premium customer service.
- Heavy reliance on South Indian markets; exposure to regional demand cycles and risks.
- Business is highly sensitive to economic downturns, travel trends, and seasonal fluctuations.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 7,615.50 | 2,829.30 | -827.20 | -765.00 | -765 |
| 2022 | 7,890.30 | 2,829.30 | 236.60 | 201.90 | 0.7174 |
| 2024 | 8,086.20 | 2,829.30 | -30.90 | -38.40 | -38.4 |
| 2025 | 8,901.40 | 2,829.30 | -30.90 | -38.40 | -38.4 |
