Brigade Hotel Ventures IPO: GMP, Subscription Status. All Details Here
The initial public offering (IPO) of Brigade Hotel Ventures Ltd will close today, July 28 at 5:00 pm. The hospitality company is expected to raise ₹759.60 crore via fresh issue. Price band has been fixed between ₹85 to ₹90 per equity share.
Brigade Hotel Ventures IPO: GMP, Subscription Status. All Details Here
The initial public offering (IPO) of Brigade Hotel Ventures Ltd will close today, July 28 at 5:00 pm. The hospitality company is expected to raise ₹759.60 crore via fresh issue. Price band has been fixed between ₹85 to ₹90 per equity share.
Brigade Hotel Ventures GMP
As per experts, Brigade Hotel Ventures Ltd. shares are available at a premium of ₹8 in the grey market today. This indicates that shares are set to list at a premium of 18%.
Brigade Hotel Ventures Subscription Status
By 5 pm on Day 2, the public issue was booked 1.19 times. Retail investors subscribed the issue by 4.45 times, while the NII segment had been booked 0.98 times. The QIB segment had been booked by 0.08 times.
What do experts say about the IPO?
Gaurav Goel, Founder & Director at Fynocrat Technologies, said, “Brigade Hotel Ventures has shown a commendable turnaround by achieving profitability in FY24 and sustaining strong operational performance in FY25. Its occupancy rate and capital efficiency (ROE of 16.27%) are at par with larger players, and the premium asset base positions it well in India’s urban hospitality landscape. However, the IPO is priced aggressively at ~145x FY25 earnings, leaving little margin of safety for new investors.”
By giving a 'subscribe' tag to the public issue Ventura said, “By combining brand-driven hospitality with real estate development expertise from its parent BEL, Brigade Hotel Ventures is positioning itself to capture demand in India's growing premium and business hotel segments, while strengthening its balance sheet and operational footprint through this IPO. We recommend subscribing to Brigade Hotel Ventures Ltd.”
Kunvarji Finstock said, “We recommend subscribing to this IPO with a medium to long-term view. The company's financials are growing consistently in its topline numbers. With a strong presence in the southern part of India, there is further scope for geographical expansion. The Indian tourism industry is growing rapidly, driven by rising disposable incomes and a booming travel culture.”
