Brigade Hotel Ventures IPO: Allotment status likely today, here's how to check
Brigade Hotel Ventures IPO
is likely to be finalized today following the conclusion of bidding on July 28. The Rs 760 crore issue received an overall subscription of 4.48 times, with retail investors leading the charge, subscribing their quota 6.4 times.
Qualified institutional buyers (QIBs) bid 5.42 times their reserved portion, while non-institutional investors (NIIs) subscribed 1.92 times. The shareholder category saw a decent response at 3.28 times, but the employee segment remained undersubscribed at 0.94x.
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The IPO comprised a fresh issue of 8.44 crore shares in the price band of Rs 85-90, with a minimum application size of 166 shares (Rs 14,940 at the upper end). The registrar for the IPO is
KFin Technologies
, and the company is scheduled to list on the BSE and NSE on July 31.
How to check Brigade Hotel Ventures IPO allotment status
Registrar Website (
https://ris.kfintech.com/ipostatus
)
Select 'Brigade Hotel Ventures IPO' from the dropdown
Enter PAN, Application Number, or DP Client ID
Click on 'Submit' to view the status
BSE Website (
https://www.bseindia.com/investors/appli_check.aspx
)
Select 'Equity', choose the issue name, and enter application details
Investors who are allotted shares will see credits in their demat accounts by July 30. Refunds for unsuccessful applicants will also be processed by then.
About the Company
Brigade Hotel is a wholly-owned subsidiary of
Brigade Enterprises
, operating a portfolio of nine premium hotels with 1,604 keys across Bengaluru, Chennai, Kochi, Mysuru, and GIFT City. These are operated under global hospitality brands including Marriott, Accor, and IHG.
Despite a 16% revenue growth in FY25 to Rs 471 crore, net profit declined 24% to Rs 23.66 crore, reflecting higher costs and operational expansion. GMP for the IPO currently stands at zero, indicating a flat listing is expected.
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