Brigade Hotel Ventures IPO Opens for Subscription: Key Dates, Price, Lot Size, and How to Apply

The long-awaited Brigade Hotel Ventures IPO opens for public subscription tomorrow, July 24, 2025. If you’re interested in India’s rapidly expanding hospitality sector, this IPO offers an opportunity to invest in one of South India’s largest chain-hotel owners. Here’s a complete, easy-to-understand guide on IPO dates, price, lot size, fresh issue details, GMP updates, business overview, strengths, risks, and the application process.

Brigade Hotel Ventures IPO: Important Details

IPO Open: July 24, 2025
IPO Close: July 28, 2025
Listing Date: July 31, 2025 (BSE, NSE)
Allotment Date: July 29, 2025
Refunds Initiate: July 29, 2025
Price Band: ₹85 – ₹90 per share
Lot Size: 166 shares (₹14,940 per lot at upper price)
Issue Size: ₹759.60 crore (entirely fresh issue)
Face Value: ₹10 per share
Book Running Lead Manager: JM Financial Limited
Registrar: KFin Technologies Limited

Retail investors can apply for a minimum of 1 lot (166 shares) and a maximum of up to 13 lots (2,158 shares).

Company Overview: What is Brigade Hotel Ventures?

Brigade Hotel Ventures Ltd. (BHVL) is the dedicated hospitality arm of Brigade Enterprises, a leading real estate developer in South India. Spun off in 2016 to sharpen its focus on hospitality operations, BHVL has emerged as the second-largest owner of chain-affiliated hotels and hotel rooms in South India. It manages a portfolio of high-profile hotels across major cities, aligning with both luxury and mid-scale market segments .

Expansion Plans and IPO Objectives

Proceeds from the IPO will be utilized for:

Repayment/prepayment of existing loans (over 60% of proceeds will reduce debt).
Acquisition of land from the promoter group for future projects.
Funding expansion, including five new properties across South India—a luxury beach resort in Chennai, two mid-scale hotels in Bengaluru, a luxury hotel in Hyderabad, and a new resort in Kerala.
Pursuing inorganic growth and other strategic corporate initiatives .

Financial & Industry Highlights

Industry Position: 2nd largest chain-affiliated hotel owner in South India.
Hotel Demand: Indian hotel market demand has grown at a 9.9% CAGR over the last two decades, with steady increases in the mid- and upper-scale chains.
Revenue Usage: Majority of IPO proceeds aim to reduce debt and accelerate new property development.

GMP (Grey Market Premium) and Early Market Response

As of July 24, 2025, the IPO is seeing healthy interest from retail and institutional investors, with the IPO reportedly subscribed over 60% on Day 1, led by retail demand . The GMP remains modest but positive, pointing to cautious but steady investor interest in India’s hospitality resurgence. Remember, GMP is unofficial and can vary daily.

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Strengths and Risks

Strengths:

Strong parentage: Backed by Brigade Enterprises ensures brand trust, easier capital access, and a proven development track record .
Diversified portfolio: Operates hotels across luxury, business, and resort segments in key locations.
Clear expansion roadmap: Five new hotels aiming at both leisure and business travelers.
Experienced management: Deep industry and real estate know-how guide steady growth.

Risks:

High debt: While IPO proceeds are set to improve this, the sector remains capital intensive.
Cyclical business: Hospitality is exposed to macroeconomic swings and travel industry trends.
Related party transactions: Some IPO funds will be used to buy land/assets from the promoter group, which requires close attention.
Competition: Increasing competition from domestic/foreign chains and alternative accommodation options.

How to Apply for Brigade Hotel Ventures IPO

You can apply online in just a few steps:

Log into your broker’s platform (Zerodha, Upstox, HDFC Securities, Angel One, or your bank’s net banking/ASBA-enabled IPO portal).
Navigate to the “IPO” section and select “Brigade Hotel Ventures IPO.”
Enter the number of lots (minimum 1 lot = 166 shares).
Choose your bid price (applying at the cutoff/upper band is common for retail applicants).
Provide your UPI ID for payment authorization (or apply via net banking/ASBA if preferred).
Confirm and submit your application, then approve the mandate in your UPI app.
Track your application and check allotment status after July 29.

Allotment refunds and share credits will be processed promptly, and the IPO lists on July 31, 2025 .

Is This IPO Right for You?

The Brigade Hotel Ventures IPO offers a chance to invest in one of India’s top hospitality players at a time when the sector is poised for steady growth. Backed by a leading real estate group and with strong expansion plans, the issue is attractive if you believe in the long-term story of Indian hospitality. Be sure to review the RHP, assess your risk appetite, and consult a financial advisor before investing.