Brigade Hotel Ventures IPO
Brigade Hotel Ventures Limited (BRIGHOTEL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 31 July 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +2.3% (likely range -12% to +12%), day's high +12.2%, chance of a gain 50%. Actual: -9.9% at the open, -2.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 2,54,68,941 | 13,81,49,848 | 5.42x | |
| NII (HNI) total | 1,27,34,470 | 2,43,91,708 | 1.92x | |
| Big NII (above ₹10 lakh) | 84,89,647 | 1,33,95,370 | 1.58x | |
| Small NII (₹2-10 lakh) | 42,44,823 | 1,09,96,338 | 2.59x | |
| Retail | 84,89,647 | 5,43,65,498 | 6.40x | |
| Employees | 9,26,341 | 8,68,346 | 0.94x | |
| Shareholders | 35,74,588 | 1,17,39,188 | 3.28x | |
| Total | 5,11,93,987 | 22,95,14,588 | 4.48x |
Bids on NSE and BSE together, as published by NSE, as of 28 Jul 2025, 07:00 PM. Shares offered exclude the anchor portion. 24% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Brigade Hotel Ventures's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Craftsman AutomationMar 2021 | 5.21x | 2.84x | 3.43x | 3.81x | ₹824 Cr | -8.8% | 0.0% |
| Divgi TorqTransfer SystemsMar 2023 | 7.83x | 1.40x | 4.31x | 5.44x | ₹412 Cr | +5.1% | +5.1% |
| Angel BrokingSep 2020 | 5.74x | 0.69x | 4.31x | 3.94x | ₹602 Cr | -10.1% | -3.0% |
| Sagility IndiaNov 2024 | 3.52x | 1.93x | 4.16x | 3.20x | ₹2,107 Cr | +3.5% | +9.6% |
| Krishna Institute of Medical SciencesJun 2021 | 5.26x | 1.89x | 2.89x | 3.86x | ₹2,145 Cr | +22.3% | +28.4% |
| Barbeque-Nation HospitalityMar 2021 | 5.11x | 3.10x | 13.1x | 5.98x | ₹453 Cr | -2.0% | +17.6% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| JM Financial | 109 | +22.8% | 75% |
| ICICI Securities | 109 | +21.3% | 69% |
Offer documents (NSE)
Frequently asked
What is the Brigade Hotel Ventures IPO price band and lot size? ₹85.0–90.0 per share, with a lot of 166 shares, so the smallest retail bid is ₹14,940.
How many times has it been subscribed? 4.48x overall: QIB 5.42x, NII 1.92x, retail 6.40x, employees 0.94x.
How did it list? It opened at ₹81.1, -9.9% against the issue price of ₹90.0, and closed its first day -5.2%.
