📍 New Delhi | 🗓️ July 4, 2025 | 📰 Source: PTI
Brigade Hotel Ventures Ltd, a leading hospitality company and a subsidiary of Brigade Enterprises Ltd, has raised ₹126 crore through a pre-IPO placement round by allotting equity shares to 360 ONE Alternates Asset Management Ltd.
According to a company statement issued on Friday (July 4), the Bengaluru-based firm issued 1.4 crore equity shares at ₹90 per share, representing 4.74% of its pre-offer equity capital.
📈 IPO Details at a Glance
As per the company’s Draft Red Herring Prospectus (DRHP), Brigade Hotel Ventures plans to launch a ₹900 crore IPO, which includes a fresh issue of shares. The fund utilization is expected to support debt reduction, land acquisition, and future expansion via inorganic growth.
💰 Planned Use of IPO Proceeds
| Purpose | Allocation (₹ crore) |
|---|---|
| Debt Repayment | ₹480 crore |
| Land Acquisition | ₹107 crore |
| Inorganic Growth Initiatives | Balance Amount |
About Brigade Hotel Ventures Ltd
Incorporated: 2004
Parent Company: Brigade Enterprises Ltd
Industry Segment: Hospitality
📊 Operational Overview
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Total Hotels: 9
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Cities Covered: 5
Total Room Keys: 1,604
🌐 Geographic Presence
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Karnataka: Bengaluru, Mysuru
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Tamil Nadu: Chennai
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Kerala: Kochi
Gujarat: GIFT City
🛎️ Managed Under Renowned Hospitality Brands
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Marriott International
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InterContinental Hotels Group (IHG)
AAPC India Hotel Management Pvt Ltd (Accor Group)
Strategic Roadmap Ahead
The capital raised through the pre-IPO placement and the upcoming ₹900 crore public offering will empower Brigade Hotel Ventures to:
- Strengthen its balance sheet by significantly reducing existing debt
- Acelerate expansion through strategic land acquisitions for new hospitality projects
- Fuel inorganic growth, including potential acquisitions and partnerships
This funding initiative reflects growing investor confidence in Brigade’s long-term vision, especially as India’s hospitality industry continues its strong post-pandemic recovery.
Conclusion
With a strong track record in hotel operations and management under marquee international brands, Brigade Hotel Ventures is positioning itself for long-term growth. The pre-IPO investment by 360 ONE signals institutional confidence ahead of its anticipated ₹900 crore IPO.
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