IPO IPO-Synopsis
Brigade Hotel Ventures Ltd

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Registered Office: 29 & 30 Flr WTC Brigade Gatewa,26/1 Dr Rajkumar Rd Malleswarm , Bangalore - 560055 , Karnataka , India.
Phone : +91 80 4137 9200   Fax:
Email :  investors@bhvl.in  
Website :  https://bhvl.in
Initial public offer of up to [*] equity shares of face value of Rs10 each ("equity shares") of Brigade Hotel Ventures Limited ("company" or "issue") for cash at a price of Rs[*] per equity share (including a share premium of Rs[*] per equity share) ("issue price") aggregating up to Rs759.60 crores (the "issue") comprising a fresh issue of up to [*] equity shares aggregating up to Rs759.60 crores (the "fresh issue"). This issue includes a reservation of up to [*] equity shares of face value of Rs10 each (constituting [*]% of the post issue paid up equity share capital of the company) aggregating up to Rs7.60 crores for subscription by eligible employees (the "employee reservation portion") and a reservation of up to [*] equity shares of face value of Rs10 each (constituting [*]% of the post issue paid up equity share capital of the company) aggregating up to Rs30.38 crores, for subscription by bel shareholders (as defined hereinafter) (the "BEL shareholders reservation portion"). The issue less the employee reservation portion and the bel shareholders reservation portion is hereinafter referred to as the "net issue". The issue and the net issue will constitute [*]% and [*]% of the post-issue paid-up equity share capital, respectively. A pre-ipo placement of equity shares was undertaken by the company, in consultation with the book running lead managers, as permitted under applicable law, aggregating to Rs126.00 crores ("pre-ipo placement"). The pre-ipo placement was at a price decided by the company, in consultation with the book running lead managers and was completed prior to filing of this red herring prospectus with the roc. The amount raised pursuant to the pre-ipo placement was reduced from the issue, subject to compliance with rule 19(2)(b) of the scrr and the revised issue size aggregates up to Rs759.60 crores. The pre-ipo placement did not exceed 20% of the size of the issue. The company has appropriately intimated the subscribers to the pre-ipo placement, prior to the allotment pursuant to the pre-ipo placement. Price Band:Rs85 to Rs90 per equity share of the face value of Rs10 each. The floor price is 8.5 times of the face value the cap price is 9 times of the face value. Bids can be made for a minimum of 166 equity shares and in multiples of 166 equity shares thereafter. A discount of Rs3 per equity share is being offered to eligible employees bidding in the employee reservation portion.

Issue Money Payable On
Opens On Closes On Application Allotment
24-Jul-25 28-Jul-25 Rs85.00-90.00 Rs0.00-0.00
Minimum Application for shares in Nos :166  Further Multiples of :166

  Rs Cr Lead Managers to the Issue
Project Cost 0.00
ICICI Securities Ltd
Project Financed through Current Offer 759.60  
Post Issue Equity Share Capital 379.83  
Issue Price Rs85.00  
Projects
Repayment/prepayment in full or in part of certain outstanding borrowings availed by the companyPayment consideration for buying of undivided share of land from its properties BEL
Material subsidiary namely SRP Prosperia Hotel Ventures LtdGeneral corporate purposes
Promoted By
Brigade Enterprises Ltd
Listing At
BSE 
NSE 
Registrar to the Issue
KFin Techologies Ltd