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Hotels and Resorts
Sub Sector: Owner and developer of hotels in key cities in India primarily across South India
Brigade Hotel Ventures are the second largest owner of chain-affiliated hotels and rooms in South India (comprising the states of Kerala, Andhra Pradesh, Tamil Nadu, Karnataka, Telangana, and the Union territories Lakshadweep, Andaman and Nicobar Islands and Pondicherry) among the major private hotel asset owners (i.e., owning at least 500 rooms pan India) as of June 30, 2024. Promoters of, Brigade Enterprises Limited (BEL) entered into the hospitality business in 2004 with the development of their first hotel Grand Mercure Bangalore, which commenced operations in 2009. As of the date of this Draft Red Herring Prospectus, they have a portfolio of nine operating hotels across Bengaluru (Karnataka), Chennai (Tamil Nadu), Kochi (Kerala), Mysuru (Karnataka) and the GIFT City (Gujarat) with 1,604 keys. Their hotels are operated by global marquee hospitality companies such as Marriott, Accor and InterContinental Hotels Group and are in the upper upscale, upscale, upper-midscale, and midscale segments. Their hotels provide a comprehensive customer experience including fine dining and specialty restaurants, venues for meetings, incentives, conferences, and exhibitions (MICE), lounges, swimming pools, outdoor spaces, spas, and gymnasiums.
KFin Technologies Limited
Brigade Hotel Ventures operates in Hotels and Resorts and Owner and developer of hotels in key cities in India primarily across South India. The Issue would be listed on MainBoard. The registrar of the Issue is KFin Technologies Limited. The IPO type of Brigade Hotel Ventures is Book Building Process and Object of issue is
Merchant Banker of Brigade Hotel Ventures IPO is ICICI Securities Limited , Jm Financial Limited
The DRHP (Draft Red Herring Prospectus) of Brigade Hotel Ventures IPO was filed on 30 Oct 2024.
No, Brigade Hotel Ventures IPO is not yet listed. See other upcoming MainBoard IPOs here.
The IPO open date and IPO close date of Brigade Hotel Ventures are not available now. You can apply in Brigade Hotel Ventures IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.
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