Brigade Hotel Ventures Share Price Lists at 10% Discount on Market Debut

Market Performance: Weak Listing for Brigade Hotel Ventures Share Price

Brigade Hotel Ventures share price made a subdued entry into the stock market on July 31, debuting on the NSE at ₹81.10 per share.

This marks a 10% discount compared to its initial public offering (IPO) price of ₹90.

• Listing Price: ₹81.10
• IPO Price: ₹90
• Discount on Debut: 10%

Main News: Strong Demand During IPO Phase

Despite the weak listing, the IPO received a strong response from various investor categories during its subscription window, which ended on July 28.

Subscription Highlights:

• Total Subscription: 4.5 times
• Retail Investors: Over 6x subscribed
• Qualified Institutional Buyers (QIBs): Over 5x subscribed
• Non-Institutional Investors (NIIs): Nearly 2x subscribed
• Total Bids Received: 22.95 crore shares
• Total Shares on Offer: 5.12 crore

The strong interest from retail and institutional segments reflected confidence in the company’s hospitality-driven business model.

Company Details: About Brigade Hotel Ventures

Brigade Hotel Ventures operates as a fully-owned subsidiary of Brigade Enterprises, a real estate company headquartered in Bengaluru.

The IPO was launched to support the company’s expansion and strengthen its balance sheet. The offering involved a fresh issue of equity shares with no offer-for-sale (OFS) component.

IPO Details and Utilization of Funds

The company opened its IPO with a price band of ₹85–₹90 per share and a minimum investment lot of 166 shares, translating to ₹14,940 at the upper band.

Key Financial Details:

• IPO Size: ₹759.6 crore
• Type of Issue: Fresh equity shares
• OFS Component: None
• Minimum Bid: 166 shares
• Investment at Upper Band: ₹14,940

Allocation of IPO Proceeds:

• ₹468.14 crore: For debt repayment
• ₹107.52 crore: To purchase an undivided share of land from the promoter, Brigade Enterprises Ltd. (BEL)
• Remaining Amount: For acquisitions, strategic initiatives, and general corporate purposes

Summary of the Article

The Brigade Hotel Ventures share price listed at ₹81.10, reflecting a 10% discount to its IPO price of ₹90.

While the debut was subdued, the IPO had seen a robust 4.5x subscription, led by retail and institutional investors.

The ₹759.6 crore raised will be used for debt reduction, land acquisition from its parent company, and other corporate initiatives.

Brigade Hotel Ventures is now officially listed and enters the public market as part of its long-term growth strategy.