The Brigade Hotel Ventures IPO is set to open for public subscription from July 24 to July 28, 2025, aiming to raise up to ₹759.6 crore through a fresh issue at a price band of ₹85 to ₹90 per share. Brigade Hotel Ventures, a subsidiary of Brigade Enterprises, operates nine hotels with 1,604 keys across major cities such as Bengaluru, Mysuru, Chennai, Kochi, and GIFT City, under alliances with international brands like Marriott and Accor. The Brigade Hotel Ventures IPO will primarily fund debt reduction, land acquisition, and expansion into new high-demand hospitality markets, positioning the company to capitalize on India’s growing travel and tourism sector.
₹00
₹90
₹81.10
Expert Opinions
The Brigade Hotel Ventures IPO is being met with generally positive market sentiment, supported by its association with Brigade Enterprises and established partnerships with global brands like Marriott and Accor, which help maintain above-industry occupancy rates. The company’s strengths include a sizable hotel portfolio of 1,604 keys across key South Indian cities, a strong operational track record, and access to prime locations. However, challenges include high revenue dependence on a few Bengaluru hotels, uncertainty in operator agreements, and significant competition in the hospitality sector.
In FY 2025, the Brigade Hotel Ventures IPO reports a Return on Capital Employed (ROCE) of 13.62%, but a low Return on Net Worth (RoNW) of 30.11% with a Net Asset Value (NAV) of ₹2.79, indicating earnings pressure and a leveraged equity position. From a long-term perspective, disciplined debt reduction, strategic expansions, and a stable occupancy environment are essential for sustainable performance in this competitive industry.
Investor Considerations
The Brigade Hotel Ventures IPO offers investors exposure to a leading South Indian hotel owner with a diversified portfolio operated by renowned brands such as Marriott and Accor. The company reported a 16% revenue growth in FY 2025, reaching ₹470.68 crore, but profit after tax declined by 24% to ₹23.66 crore, reflecting pressure on margins despite operational scale. The hospitality sector remains buoyed by post-pandemic recovery and growing travel demand, yet remains cyclical and sensitive to economic shifts.
In FY 2025, The Brigade Hotel Ventures IPO is valued at a Price to Book Value of 32.26, with a PAT margin of 5.03% and a high debt/equity ratio of 7.40, signaling significant leverage and premium valuation. Growth prospects are supported by expansion plans and strong brand alliances, but concentration risk in Bengaluru properties and operator dependencies pose challenges. The offer may suit long-term investors willing to withstand volatility for sectoral recovery, while short-term upside could be hindered by current financial headwinds.
| Date | GMP | Trend |
|---|---|---|
| 30 Jul 2025 11.03 | ₹00 | --- |
| 29 Jul 2025 11.23 | ₹00 | --- |
| 28 Jul 2025 11.19 | ₹00 | Down |
| 25 Jul 2025 10.48 | ₹5 | Down |
| 24 Jul 2025 10.35 | ₹10 | --- |
| 23 Jul 2025 15.40 | ₹10 | Down |
| 22 Jul 2025 10.49 | ₹15 | Up |
| 21 Jul 2025 16.07 | ₹10 | Up |
| 20 Jul 2025 13.04 | ₹00 | --- |
| 19 Jul 2025 12.11 | ₹00 | --- |
| 18 Jul 2025 19.25 | ₹00 | --- |
FAQs
The Grey Market Premium showed poor accuracy in predicting Brigade Hotel Ventures IPO’s listing performance. With a final GMP of ₹0, it suggested a flat listing around the issue price of ₹90. However, the stock listed lower at ₹81.10, delivering a negative return of -9.89%. This resulted in a prediction error of 9.89%, where the GMP failed to anticipate the downward listing direction and its magnitude, reflecting low reliability in this case.
Brigade Hotel Ventures IPO Current GMP is ₹00.
Brigade Hotel Ventures IPO Expected Returns is 0.00%.
Brigade Hotel Ventures IPO estimated listing price is ₹90.