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.