The IPO of Brigade Hotel Ventures Ltd. closes today, and while investor demand remains strong, the grey market premium (GMP) has cooled down significantly, signaling a possibly muted debut.
Let’s explore what this means for investors looking to apply—or awaiting allotment and listing updates.
Brigade Hotel Ventures IPO Subscription Status
- Overall Subscription: 4.48 times
- Retail Investors: 6.11 times
- Qualified Institutional Buyers (QIBs): 5.26 times
- High Net-worth Individuals (HNIs/NIIs): 1.96 times
Strong demand is led by retail and QIB categories, while HNIs showed lukewarm interest.
Latest Grey Market Premium (GMP) Trends
- Current GMP: ₹1.5 per share (July 28, 11 AM IST)
- Expected Listing Price: ₹91.5 (₹90 IPO price + ₹1.5 GMP)
- Implied Listing Gain: Just ~1.67%
GMP Trend Snapshot
| Date | GMP (₹) | Sentiment |
|---|---|---|
| July 23 | ₹19 | Strong demand & high premium |
| July 26–27 | ₹6–₹2 | Cooling off |
| July 28 | ₹1.5 | Flat to mild premium expected |
Analysts note that the falling GMP reflects profit-booking in the grey market and cautious sentiment from short-term traders.
IPO Details at a Glance
| Detail | Info |
|---|---|
| IPO Type | 100% Fresh Issue |
| Issue Size | ₹759.60 crore |
| Price Band | ₹85 – ₹90 per share |
| Lot Size | 166 shares |
| Minimum Investment | ₹14,940 (for 1 lot) |
| IPO Dates | July 25 to July 28, 2025 |
| Allotment Date | July 29, 2025 (Expected) |
| Listing Date | July 31, 2025 (Tentative) |
| Exchanges | BSE and NSE |
| Registrar | KFin Technologies Ltd |
| Lead Managers | Axis Capital, ICICI Securities |
Business Overview & Use of Funds
Brigade Hotel Ventures is a subsidiary of Brigade Enterprises Ltd., operating well-known hotel properties in Southern India. It partners with top hospitality brands like Grand Mercure, Sheraton, and Holiday Inn.
Use of IPO Proceeds
- ₹468.14 crore: Repayment of debt
- ₹230 crore: Land acquisition from Brigade Group
- Balance: General corporate purposes and expansion
Market Experts’ View
Analysts believe the IPO is fairly valued, with a solid hotel portfolio and clear growth strategy. However, the falling GMP and limited listing premium suggest:
“Long-term investors with faith in India’s hospitality sector may hold, but short-term gains appear limited unless broader market conditions turn bullish.”
Frequently Asked Questions (FAQs)
1. What is the GMP of Brigade Hotel Ventures IPO as of July 28, 2025?
The latest GMP is ₹1.5, implying a flat to marginal listing around ₹91.5.
2. How many times was the IPO subscribed?
The IPO was subscribed 4.48 times overall, with strong participation from retail (6.11x) and QIBs (5.26x).
3. When will allotment results be announced?
Allotment is expected to be finalized on July 29, 2025. Investors can check status via KFinTech’s website.
4. What’s the minimum investment for retail investors?
The minimum application is 1 lot = 166 shares, which costs ₹14,940 at the upper band of ₹90.
5. Should I expect listing gains?
Due to a low GMP and cautious sentiment, major listing gains seem unlikely. Analysts suggest long-term investors may benefit more.
Final Word
The Brigade Hotel Ventures IPO saw healthy demand but ends with muted grey market interest. With allotment around the corner and listing on July 31, all eyes are on whether it surprises the market—or debuts as expected with a modest gain.
Stay tuned for allotment links, listing performance, and post-IPO reviews!
