This offering consists of a fresh issuance of equity shares with a face value of ₹10 each, as outlined in their filing with the Bombay Stock Exchange (BSE).
As the second-largest owner of chain-affiliated hotels in South India, Brigade Hotel Ventures commands a significant position among major private hotel asset owners in the region, which includes the states of Kerala, Andhra Pradesh, Tamil Nadu, Karnataka, Telangana, and the Union territories of Lakshadweep, Andaman and Nicobar Islands, and Puducherry.
The company entered the hospitality sector in 2004 with the launch of its first property, Grand Mercure Bangalore, which commenced operations in 2009. Currently, Brigade Hotel Ventures boasts a diverse portfolio of nine operational hotels across key locations such as Bengaluru, Chennai, Kochi, Mysuru, and GIFT City, collectively offering a total of 1,604 rooms.
These properties are managed in partnership with leading global hospitality brands, including Marriott, Accor, and InterContinental Hotels Group. They are positioned across various segments, including upper upscale, upscale, upper midscale, and midscale markets. Each hotel is strategically situated in areas characterized by high population density, premium residential locales, commercial hubs, and IT corridors.For this IPO, JM Financial Limited and ICICI Securities Limited have been appointed as the Book Running Lead Managers.