Travel Hotel Venture Capital IPO: Price band, release size, subscription date and other details
Hotel Ventures IPO: Brigade Hotel Ventures will launch its initial public offering (IPO) next week to increase from the capital market to Rs 7,596 crore. The issue will open on July 24 and close on July 28, according to the company’s Red Herring Prospectus (RHP).
Is it a new problem?
The IPO includes a new stock with a face value of Rs 10. There is no offer to sell (OFS) components, which means that the full revenue of the product will be directly used by the company to achieve its business objectives.
The company is expected to announce the official price band and Lot scale of the IPO in a press conference on Monday, July 21.
Use of IPO income
The company plans to use net income from the IPO and place funds before the IPO:
- Repayment of the loan by Rs 468 crore
- Purchase Rs 10,750 crore of undivided land share from its sponsor company
- The remaining funds are used for inorganic growth opportunities, strategic acquisitions and general corporate purposes
As of May 31, 2025, the total consolidated loans for hotels were Rs 6.19 crore.
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JM Financial and ICICI Securities are acting as book runs for IPOs.
About the hotel joint venture of the travel industry
Brigade Hotel Ventures is the owner and developer of major urban hotels in India, with a footprint in southern India. It is a wholly owned subsidiary of Bligade Enterprises Ltd. (BEL), a leading real estate developer in India.
The company has a hotel and room combination affiliated with the chain in areas such as Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Telangana, Talangana, Padcheri, Lakshad Wop and Andaman and Nicobar Islands.
As of June 30, 2024, one of the major private hotel assets owners in South India, owns at least 500 rooms in Pan India.
