Alice Blue Home
URL copied to clipboard

Trending News

Brigade Hotel: Brigade Hotel Ventures shares get listed at 10% discount!

Brigade Hotel Ventures Ltd shares listed nearly 10% below the issue price of ₹90, opening at ₹82 on BSE and ₹81.10 on NSE, reflecting discounts of 8.88% and 9.88%.

Brigade Hotel Ventures Ltd shares listed on Thursday at a discount of nearly 10% from the ₹90 issue price, opening at ₹82 on BSE and ₹81.10 on NSE. The IPO was open from July 24 to July 28, 2025.

Alice Blue Image

Also Read: Tata group stock in focus after company to consider stock split

The IPO of Brigade Enterprises’ subsidiary saw strong demand with 22.95 crore bids against 5.12 crore shares. QIBs subscribed over 5 times, while NIIs subscribed nearly 2 times their reserved portion.

Brigade Hotel Ventures Ltd. is a hotel owner and developer across South India, operating nine hotels with 1,604 keys. A subsidiary of BEL, its properties are managed by global brands like Marriott, Accor, and IHG.

Alice Blue Image

Also Read: Semiconductor stock jumps 5% after its net profits increase by 174% YoY

The objective of this IPO was to raise ₹759.6 crore through a fresh issue of equity shares, with no offer-for-sale component. The funds are intended to support business expansion, reduce debt, and meet general corporate purposes.

Stay Ahead with the Latest Stock Market Updates – Click Here

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

Submit the form, and get to know how you scored!!!

Gainers & Losers

Read More News

*T&C apply