Brigade Hotel Ventures IPO: A Closer Look at the Subscription and GMP Details
Brigade Hotel Ventures, the hospitality arm of Brigade Enterprises, saw its IPO close nearly 5 times oversubscribed. Discover the details of the subscription, GMP, and future plans.
Brigade Hotel VenturesIpoGmpSubscriptionHospitalityReal Estate NewsJul 28, 2025
The ₹759 crore IPO was entirely a fresh issue of 8.44 crore shares. The price band for the IPO was set at ₹85 to ₹90 per share, with a lot size of 166 shares. This required a minimum investment of ₹14,110 by retail investors.
The company plans to use the funds raised for various purposes, including the repayment of certain outstanding borrowings, payment of consideration for buying undivided shares of land, and pursuing other strategic acquisitions and initiatives. Additionally, the funds will be used for general corporate purposes.
With the closure of the Brigade Hotel Ventures IPO, investor focus will now shift to the allotment process. The IPO allotment date is likely to be announced on July 29.
### Brigade Hotel Ventures IPO Subscription Status
At the end of the three-day bidding process, the Brigade Hotel Ventures IPO was booked 4.48 times. The retail portion was subscribed 6.40 times, the Non-Institutional Investors (NII) portion was booked 1.92 times, and the QIB quota received 5.42 times bids. The employee portion was booked 0.94 times, and the shareholder portion was 3.28 times subscribed.
Overall, the issue received bids for 22,99,23,944 shares as against 4,83,48,103 shares on offer.
### Brigade Hotel Ventures IPO GMP
The GMP for the Brigade Hotel Ventures IPO is currently nil. This is a significant drop from the ₹27 GMP that the company shares were commanding before the public offer began. At the prevailing GMP, Brigade Hotel Ventures IPO shares could list at par with the issue price of ₹90 per share.
### About Brigade Hotel Ventures
Brigade Hotel Ventures is the hospitality arm of Brigade Enterprises, a leading real estate developer headquartered in Bengaluru. The company owns and operates nine hotels across South India and GIFT City (Gujarat), with a combined portfolio of 1,604 keys. These properties are operated under international hospitality names such as Marriott, Accor, and InterContinental Hotels Group.
Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of the publication. We advise investors to check with certified experts before making any investment decisions.
Frequently Asked Questions
What is the subscription status of Brigade Hotel Ventures IPO?
The Brigade Hotel Ventures IPO was booked 4.48 times, with the retail portion subscribed 6.40 times, the NII portion 1.92 times, and the QIB quota 5.42 times.
What is the GMP for Brigade Hotel Ventures IPO?
The GMP for Brigade Hotel Ventures IPO is currently nil, down from ₹27 before the public offer began.
What is the purpose of the funds raised from the Brigade Hotel Ventures IPO?
The funds raised will be used for repaying outstanding borrowings, buying undivided shares of land, strategic acquisitions, and general corporate purposes.
Who is Brigade Hotel Ventures?
Brigade Hotel Ventures is the hospitality arm of Brigade Enterprises, a leading real estate developer based in Bengaluru. It operates nine hotels across South India and GIFT City.
What is the minimum investment required for the Brigade Hotel Ventures IPO?
The minimum investment required for the Brigade Hotel Ventures IPO is ₹14,110, with a lot size of 166 shares.
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