Brigade Hotel Ventures (BHVL), a wholly-owned subsidiary of Brigade Enterprises Limited, was incorporated in August 2016 to consolidate the hospitality operations of the Brigade Group. Headquartered in Bengaluru, BHVL owns and develops hotels across key South Indian cities, including Bengaluru, Chennai, Kochi, Mysuru, and GIFT City. As of 2024, the company operates nine hotels with a total of 1,604 rooms, partnering with global hospitality brands such as Marriott, Accor, and InterContinental Hotels Group.
IPO schedule
Issue open date
2025-07-24
Issue close date
2025-07-28
UPI mandate deadline
2025-07-28 (5 PM)
Allotment finalization
2025-07-29
Refund initiation
2025-07-29
Share credit
2025-07-30
Listing date
2025-07-31
Mandate end date
2025-08-12
Lock-in end date for anchor investors (50%)
2025-08-28
Lock-in end date for anchor investors (remaining)
2025-10-27
Financials
Financial Year Ended
March 2023
March 2024
March 2025
Total Assets
840.67
886.78
947.57
Revenue
356.41
404.85
470.68
Profit After Tax
-3.09
31.14
23.66
Issue size
Funds Raised in the IPO
Amount
Overall
₹759.60 crores
Fresh Issue
₹759.60 crores
Utilisation of proceeds
Purpose
INR crores (%)
Repayment/prepayment of certain outstanding borrowings
468.14 (61.6%)
Payment of consideration for buying of undivided share of land from the Promoter, BEL
107.52 (14.15%)
General corporate purposes
-
Strengths
Operates hotels in prime South Indian cities, offering location-driven visibility.
Partners with established global brands like Marriott, Accor, and IHG.
Backed by Brigade Enterprises, providing strategic and financial support.
Operates a growing portfolio of 1,600+ rooms across nine hotels.
Risks
Significant revenue dependence on the Bengaluru market increases regional exposure.
High debt levels could impact financial flexibility and margins.
The hospitality business is cyclical and sensitive to economic downturns.
Relies on third-party operators, which may affect service consistency.
Execution risks exist in managing new hotel developments and expansions.