Brigade Hotel Ventures IPO open date is July 21, 2025 and the IPO will close on July 23, 2025.
The company reported revenue of ₹404.85 crores and profit of ₹31.14 crores in 2024.
Brigade Hotel Ventures was incorporated in 2016 as a hospitality arm under Brigade Group, focused on upscale hotel development and management.
Brigade Hotel Ventures Limited (“BHV”) was incorporated on August 24, 2016, in Bengaluru, Karnataka, as a public limited company under the Companies Act, 2013. It is wholly owned by Brigade Enterprises Limited (BEL), a well-known real estate developer. The company primarily engages in owning and operating hotels, service apartments, resorts, and related hospitality services across India.
Brigade Hotel Ventures IPO Details
| IPO Open Date: | July 21, 2025 (Tentative) |
| IPO Close Date: | July 23, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹[.] to ₹[.] Per Share |
| Issue Size: | Approx ₹900 Crores |
| Fresh Issue: | Approx ₹900 Crores |
| Issue Type: | Book Build Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
Brigade Hotel Ventures IPO Market Lot
Data update soon
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
Brigade Hotel Ventures IPO Dates
The Brigade Hotel Ventures IPO date is July 21 and the close date is July 23.
| IPO Open Date: | July 21, 2025 |
| IPO Close Date: | July 23, 2025 |
| Basis of Allotment: | July 24, 2025 |
| Refunds: | July 25, 2025 |
| Credit to Demat Account: | July 25, 2025 |
| IPO Listing Date: | July 28, 2025 |
Brigade Hotel Ventures IPO Company Financial Report
The company reported revenue of ₹404.85 crores in 2024 against ₹356.41 crores in 2023. The company reported profit of ₹31.14 crores in 2024 against loss of ₹3.09 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹151.95 | ₹255.52 | ₹82.72 | ₹869.09 |
| 2023 | ₹356.41 | ₹371.95 | ₹3.09 | ₹840.67 |
| 2024 | ₹404.85 | ₹372.77 | ₹31.14 | ₹886.78 |
| June 2024 | ₹102.20 | ₹97.34 | ₹5.78 | ₹906.37 |
Brigade Hotel Ventures IPO Valuation – FY2024
Check Brigade Hotel Ventures IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | -% |
| ROCE: | 12.64% |
| EBITDA Margin: | 35.72% |
| PAT Margin: | 7.69% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹0.88 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 53.01% |
| Net Asset Value (NAV): | ₹2.09 |
Brigade Hotel Ventures Business Overview
BHV operates business and leisure hotels under global brands, with revenue from room rentals, F&B, and allied services.
The company operates premium hotels and service apartments, primarily under brand collaborations such as Holiday Inn Express & Suites. It earns revenue from:
- Room rentals
- Food and beverages
- Banqueting and event services
- Other hospitality services
Its properties are primarily located in South India with expansion plans underway.
Hospitality Industry & Market Overview
India’s hotel industry is recovering strongly, supported by domestic tourism and business travel. Occupancy rates and RevPAR are growing. BHV competes with brands like Lemon Tree, Chalet Hotels, Juniper Hotels, and EIH. As per Horwath HTL, the industry composite P/E is 91.35. Demand is expanding for mid-scale to premium hotels.
- The Indian hospitality sector is recovering post-COVID, with increased occupancy and RevPAR (Revenue per Available Room).
- Growing domestic and international tourism, events, and MICE (Meetings, Incentives, Conferences, Exhibitions) drive growth.
- Peer companies include Juniper Hotels (P/E 259.73), EIH Ltd (P/E 39.04). Industry composite P/E is 91.35.
Promoters of Brigade Hotel Ventures IPO
Brigade Enterprises Ltd (BEL) is the sole promoter, holding 100% pre-IPO. Prominent individuals include Nirupa Shankar (Managing Director), Pavitra Shankar, and Vineet Verma. No material legal, financial, or regulatory controversies were reported against promoters or KMPs.
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| The Indian Hotels | 8.86 | 77.51 | 13.13% | 71.16 | 6,768.75 Cr. |
| EIH | 10.22 | 39.04 | 16.58% | 65.34 | 2,511.27 Cr. |
| Chalet Hotels | 13.54 | 64.56 | 15.03% | 84.86 | 1,417.25 Cr. |
| Juniper Hotels | 1.46 | 259.73 | 0.90% | 119.34 | 817.66 Cr. |
| Lemon Tree Hotels | 1.88 | 65.56 | 11.75% | 19.52 | 1,077.12 Cr. |
| Samhi Hotels | (14.67) | NA | NA | 47.20 | 957.39 Cr. |
| Apeejay Surendra Park Hotels | 3.82 | 41.69 | 5.74% | 56.13 | 578.97 Cr. |
Objects of the Brigade Hotel Ventures IPO
The IPO aims to raise ₹9,000 million through a 100% fresh issue. About ₹4,810 million will go toward repaying loans, ₹1,075.19 million for land acquisition from promoter Brigade Enterprises, and the rest for general corporate purposes and inorganic growth. A Pre-IPO placement of ₹1,800 million may reduce the final issue size.
- ₹4,810 million for repayment/prepayment of borrowings (₹4,120 million by BHV and ₹690 million by subsidiary SRP Prosperita Hotel Ventures Ltd)
- ₹1,075.19 million for purchasing undivided land share from promoter BEL
- Remaining for general corporate purposes and inorganic growth
There is a potential Pre-IPO placement of ₹1,800 million.
Brigade Hotel Ventures IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- Jm Financial Limited
- ICICI Securities Limited
Company Address
Brigade Hotel Ventures Ltd.
29 th & 30 th Floor, World Trade Center, Brigade
Gateway Campus, 26/1, Dr. Rajkumar Road,
Malleswaram Rajajinagar
Bengaluru, Karnataka, 560055
Phone: +91 80 4137 9200
Email: investors@bhvl.in
Website: https://bhvl.in/
Brigade Hotel Ventures IPO FAQs
What is Main Business of Brigade Hotel Ventures?
Brigade Hotel Ventures Limited (BHV) is primarily engaged in owning, developing, and operating hotels, resorts, and serviced apartments under internationally recognized hospitality brands.
When Brigade Hotel Ventures IPO will open for subscription?
The IPO is to open on July 21, 2025 for QIB, NII, and Retail Investors. The IPO will close on July 23, 2025.
What is Brigade Hotel Ventures IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Brigade Hotel Ventures IPO Issue Size?
Brigade Hotel Ventures IPO issue size is ₹900 crores.
What is the Brigade Hotel Ventures IPO Allotment Date?
Brigade Hotel Ventures IPO allotment date is July 24, 2025.
What are Brigade Hotel Ventures’ main revenue streams?
The company earns revenue from room rentals, food & beverage services, banqueting, and other hospitality-related services.
Who is the promoter of Brigade Hotel Ventures?
The promoter is Brigade Enterprises Limited (BEL), a leading listed real estate developer headquartered in Bengaluru.
Who is the promoter of Brigade Hotel Ventures?
The promoter is Brigade Enterprises Limited (BEL), a leading listed real estate developer headquartered in Bengaluru.
What is the size of the Brigade Hotel Ventures IPO?
The IPO consists of a fresh issue of equity shares aggregating up to ₹9,000 million. There is no Offer for Sale (OFS).
What will the IPO proceeds be used for?
- Repayment/prepayment of loans (₹4,810 million)
- Land purchase from promoter BEL (₹1,075.19 million)
- General corporate purposes and expansion plans
What are Brigade Hotel Venture main revenue streams?
The company earns revenue from room rentals, food & beverage services, banqueting, and other hospitality-related services.
Is the company profitable?
Yes, Brigade Hotel Ventures turned profitable in FY24 after reporting losses in previous years.
How does Brigade Hotel Ventures compare to listed peers?
BHV’s peers include Lemon Tree Hotels, Chalet Hotels, Juniper Hotels, and EIH Ltd. It reported a higher RoNW than most peers in FY24.