Brigade Hotel Ventures IPO Day 3: Issue Subscribed 4.75 times, GMP at ₹1.5
The Brigade Hotel Ventures IPO closes today on July 28, 2025 for public subscription. The public issue saw a subscription of 1.27 times on Day 2 of the bidding window. The allotment is expected to be finalised on Tuesday, July 29, 2025. Brigade Hotel Ventures IPO will be listed on BSE and NSE, with the tentative listing date as Thursday, July 31, 2025.
Read along to know the Brigade Hotel Ventures IPO Day 3 subscription status and latest GMP.
Brigade Hotel Ventures IPO Details
Brigade Hotel Ventures IPO is a bookbuilding IPO with a total issue size of ₹759.60 crores. It is entirely a fresh issue of 8.44 crore shares. The issue price band is set at ₹85 – ₹90 per share. The minimum lot size of the issue is 166, with a minimum investment of ₹14,110.
Jm Financial Limited is the book-running lead manager of the Brigade Hotel Ventures IPO, while Kfin Technologies Limited is the registrar for the issue.
Brigade Hotel Ventures Day 3 Subscription Status
(July 25, 2025, 5 PM)
On Day 3, Brigade Hotel Ventures IPO was subscribed 4.75 times. The public issue was subscribed 6.83 times in the retail category, 5.74 times in QIB, and 2.03 times in the NII category.
Also Read : Brigade Hotel Ventures Day 1 Subscription Status , Brigade Hotel Ventures Day 2 Subscription Status
Utilisation of Proceeds
The Company will utilise the net proceeds of the issue for the following purposes:
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the company and Material Subsidiary, namely, SRP Prosperita Hotel Ventures Limited.
- Payment of consideration for buying of undivided share of land from the Promoter, BEL.
- Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
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GMP Details
According to Investorgain, the Grey Market Premium (GMP) of Brigade Hotel Ventures stood at ₹1.5 as of July 28, 2025, 09:28 a.m. This indicates that the estimated listing price of the shares can be around ₹91.5, based on the upper end of the price band at ₹90. The expected gain per share is 1.67%.
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Source: Investorgain Media Report dated July 28, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
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About Brigade Hotel Ventures Limited
Brigade Hotel Ventures Ltd is the hospitality arm of real estate giant Brigade Enterprises Ltd, founded in 2004 and based in Bengaluru. It owns a portfolio of nine operating hotels with 1,604 keys across key cities including Bengaluru, Chennai, Kochi, Mysuru, and GIFT City, Gujarat. These properties are operated under global hospitality brands such as Marriott, Accor, and InterContinental, spanning midscale to upper-upscale segments. As of June 2024, it was the second-largest private chain-affiliated hotel owner in South India.
In FY24, the company reported a revenue of ₹401.7 crore and a net profit of ₹31.14 crore.
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