Brigade Hotel Ventures IPO: Allotment status likely today, here's how to check

Synopsis

Brigade Hotel Ventures IPO allotment is expected today. The IPO saw a subscription of 4.48 times. Retail investors subscribed the most at 6.4 times. Qualified institutional buyers bid 5.42 times. Non-institutional investors subscribed 1.92 times. The company will list on BSE and NSE on July 31. Allotment status can be checked on KFin Technologies and BSE websites.

The allotment status of 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.

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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