Brigade Hotel Ventures IPO Opens July 24 for Rs. 749.6 Cr

Brigade Hotel Ventures Ltd, a key player in South India’s hospitality sector and a subsidiary of Brigade Enterprises Ltd (BEL), is set to launch its Rs. 749.6 crore initial public offering (IPO) on July 24, 2025, with the issue closing on July 28.

Anchor investor bidding begins on July 23, as per the company's Red Herring Prospectus (RHP). The IPO is entirely a fresh issue, with no offer-for-sale (OFS) component. Of the proceeds, Rs. 468.14 crore will go toward debt repayment, while Rs. 107.52 crore is earmarked for acquiring an undivided share of land from promoter BEL.

Key Highlights

• Brigade Hotel Ventures IPO opens July 24 to raise Rs. 749.6 crore
• Rs. 468.14 crore will be used for debt repayment, per RHP
• Company operates 9 hotels under brands like Marriott and Accor

The remainder will support strategic initiatives, acquisitions, and general corporate needs. Earlier this month, Brigade Hotel Ventures raised Rs. 126 crore from 360 ONE Alternates Asset Management through a pre-IPO placement.

BEL entered the hospitality space in 2004, launching its first hotel, Grand Mercure Bangalore, in 2009. Today, Brigade Hotel Ventures manages a robust portfolio of nine hotels with 1,604 keys across Bengaluru, Chennai, Kochi, Mysuru, and GIFT City. These properties are managed by global hospitality giants like Marriott, Accor, and InterContinental Hotels Group.

JM Financial and ICICI Securities are the book-running lead managers, and the company is expected to list its shares on the stock exchanges on July 31.

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This IPO underscores investor appetite in India’s resurgent hospitality sector, with Brigade aiming to strengthen its market position and fuel future expansion.