Brigade Hotel Ventures Makes Weak Debut

  Published 11 months ago

Brigade Hotel Ventures listed at Rs 82, below issue price, despite 4.48x IPO subscription and strong expansion plans.

  • Stock listed at 8.89% discount, trading between Rs 81.49–86.53 with over 12.12 lakh shares changing hands on BSE.
  • IPO raised Rs 759.6 crore; Rs 468.14 crore allocated for debt repayment, rest for land purchase and corporate use.
  • Operates 9 hotels across South India, partners with Marriott, Accor, IHG; plans major expansion by FY28–FY29.

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