Brigade Hotel Ventures Limited, shall open its Bid/Issue in relation to its initial public offer of Equity Shares on Thursday, July 24, 2025. The Anchor Investor Bidding Date is one working day prior to Bid/Issue Opening Date, being Wednesday, July 23, 2025. The Bid/ Issue Closing Date is Monday, July 28, 2025. The total Issue size comprises of a fresh issue of equity shares of face value of ₹10 each aggregating up to ₹ 7596.00 millions. Price Band of the Issue is fixed at Rs. 85/- to Rs 90/- per equity share.
- Issue Opens: July 24, 2025
- Issue Closes: July 28, 2025
- Face Value: Rs 10 each
- Price Band: Rs 85 – 90 per share
- Lot Size: 166 Shares
- Sale Type: Fresh Capital
- Issue Type: Book Building
- Listing Date: July 31, 2025
- Listing At: BSE & NSE
The Issue includes a reservation of Equity Shares, aggregating up to ₹ 75.96 million for subscription by Eligible Employees. A discount of Rs. 3/- per Equity Share is being offered to Eligible Employees bidding in the Employee Reservation Portion. The Issue also includes a reservation of Equity Shares aggregating up to ₹ 303.84 million, available for allocation to BEL Shareholders, on a proportionate basis.
Bids can be made for a minimum of 166 Equity Shares and in multiples of 166 Equity Shares thereafter. The Company proposes to utilize the net proceeds towards repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by our Company and material subsidiary – SRP Prosperita Hotel Ventures Limited, amounting to Rs 4681.4 Million. The repayment amount will include Rs 4136.9 Million availed by the Company and Rs 544.5 Million by material subsidiary – SRP Prosperita Hotel Ventures Limited.
