Brigade Hotel Ventures Limited
Against an issue price of ₹90. Split- and bonus-adjusted official closes — a past move, never a forecast.
Brigade Hotel Ventures Limited was a mainboard initial public offer.
The book was open from 24 July 2025 to 28 July 2025.
The issue was priced at ₹90 a share, from a band of ₹85 to ₹90.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
17 anchor investors were allotted shares before the book opened, worth ₹325 crore.
The shares listed on 31 July 2025.
The last official close on file is ₹56.40 (21 September 2026), which is 37.3% below the issue price.
It now trades as BRIGHOTEL, and its filed financials are on its company page.
Shares sold in the issue at ₹90 last closed at ₹56.4.
See BRIGHOTEL’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
- Registrar
- KFin Technologies Limited
- Lead managers
- JM Financial Limited
- ICICI Securities Limited
- Bidding opens24 Jul 2025
- Bidding closes28 Jul 2025
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing31 Jul 2025
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
Anchor investors are institutions allotted shares one working day before public bidding opens, at a price fixed then. Their shares are locked in for a set period. At least 4 of them are domestic mutual funds; we could not classify 13 of the names either way.
| FRANKLIN INDIA SMALL CAP FUND | ₹60 cr |
| AXIS MUTUAL FUND TRUSTEE LTD A/C AXIS MUTUAL FUND A/C AXIS FLEXI CAP FUNDmutual fund | ₹42.3 cr |
| MOTILAL OSWAL LARGE CAP FUND | ₹42.3 cr |
| SBI RETIREMENT BENEFIT FUND - AGGRESSIVE PLAN | ₹33 cr |
| AXIS NEW OPPORTUNITIES AIF - SERIES II | ₹33 cr |
| 360 ONE SPECIAL OPPORTUNITIES FUND - SERIES 12 | ₹32 cr |
| SBI RETIREMENT BENEFIT FUND - AGGRESSIVE HYBRID PLAN | ₹14 cr |
| SBI CONSUMPTION OPPORTUNITIES FUND | ₹12.1 cr |
| BANDHAN SMALL CAP FUND | ₹12 cr |
| NUVAMA MULTI ASSET STRATEGY RETURN FUND | ₹12 cr |
| 360 ONE SPECIAL OPPORTUNITIES FUND - SERIES 13 | ₹10.3 cr |
| EDELWEISS LIFE INSURANCE COMPANY LIMITED | ₹8 cr |
| EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF AC- EDELWEISS AGGRESIVE HYBRID FUNDmutual fund | ₹5 cr |
| EDELWEISS TRUSTEESHIP CO LTD AC - EDELWEISS MF AC - EDELWEISS EQUITY SAVINGS FUNDmutual fund | ₹3.5 cr |
| EDELWEISS TRUSTEESHIP CO LTD AC - EDELWEISS MF AC- EDELWEISS RECENTLY LISTED IPO FUNDmutual fund | ₹3.5 cr |
| SBI RETIREMENT BENEFIT FUND - CONSERVATIVE HYBRID PLAN | ₹1.2 cr |
| SBI RETIREMENT BENEFIT FUND- CONSERVATIVE PLAN | ₹0.4 cr |
From the issuer’s anchor allotment filing. A record of who was allotted what — not a recommendation.
- Anchor investors — first trancheSEBI ICDR 2018 Reg. 32(5)(b) — 50% of the anchor allocation, 30 days from allotment30 Aug 202550% of this tranche
- Anchor investors — second trancheSEBI ICDR 2018 Reg. 32(5)(a) — the remaining 50% of the anchor allocation, 90 days from allotment29 Oct 202550% of this tranche
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment31 Jan 2026already free
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment31 Jan 2027whole tranche releases on this date
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.
| Year | Basic | Diluted | Weight |
|---|---|---|---|
| FY2023 | ₹-0.14 | ₹-0.14 | 1 |
| FY2024 | ₹0.88 | ₹0.88 | 2 |
| FY2025 | ₹0.72 | ₹0.72 | 3 |
Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.
Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
The offer document must name the listed companies the issuer considers comparable, and print their valuation figures beside its own. This is that list — the issuer’s choice of comparison, not ours.
| Company | P/E | P/B | RoNW | EPS | Income |
|---|---|---|---|---|---|
| Apeejay Surendra Park Hotels Limitednot in our universe | 42.1 | — | 6.5% | 3.92 | ₹5 cr |
| Chalet Hotels Limited | 136.6 | — | 4.7% | 6.53 | ₹11 cr |
| EIH Limitednot in our universe | 32.2 | — | 16.2% | 11.82 | ₹8 cr |
| ITC Hotels Limited | 78.2 | — | 5.9% | 3.05 | ₹14 cr |
| Juniper Hotels Limited | 99.5 | — | 2.6% | 3.20 | ₹7 cr |
| Lemon Tree Hotels Limited | 62.0 | — | 13.6% | 2.48 | ₹9 cr |
| Samhi Hotels Limited | 62.8 | — | 7.5% | 3.88 | ₹5 cr |
| Schloss Bangalore Limitednot in our universe | 229.3 | — | 1.3% | 1.97 | ₹11 cr |
| The Indian Hotels Company Limited | 56.1 | — | 16.4% | 13.40 | ₹12 cr |
| Ventive Hospitality Limited | 115.6 | — | 0.8% | 6.83 | ₹9 cr |
The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.
Figures as PRINTED by the issuer in its own offer document. The comparison set is the issuer's choice, not ours.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
ICICI Securities Limited 2021 – 2026 | 87 12 measurable | +16.0% | 5 of 10 | 1 of 4 | 1 of 6 |
JM Financial Limited 2021 – 2026 | 69 16 measurable | +13.3% | 5 of 10 | 0 of 2 | 0 of 3 |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Kfin Technologies Limited 2021 – 2026 | 126 30 measurable | +7.9% | 8 of 18 | 2 of 5 | 2 of 5 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Prospectus· PDF · exchange archive29 Jul 2025
- Draft red herring prospectus (DRHP)· ZIP · exchange archive30 Oct 2024
- Anchor investor allotment· ZIP · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.