Brigade Hotel Ventures IPO Upcoming
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About Brigade Hotel Ventures
Brigade Hotel Ventures (BHVL), a wholly-owned subsidiary of Brigade Enterprises Limited, was incorporated in August 2016 to consolidate the hospitality operations of the Brigade Group. Headquartered in Bengaluru, BHVL owns and develops hotels across key South Indian cities, including Bengaluru, Chennai, Kochi, Mysuru, and GIFT City. As of 2024, the company operates nine hotels with a total of 1,604 rooms, partnering with global hospitality brands such as Marriott, Accor, and InterContinental Hotels Group.
Financials of Brigade Hotel Ventures
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹900 crores |
| Fresh Issue | ₹900 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 107.5 (12%) |
| Repayment of borrowings | 481 (53%) |
| General corporate purposes | 311.5 (35%) |
Strengths
- Operates hotels in prime South Indian cities, offering location-driven visibility.
- Partners with established global brands like Marriott, Accor, and IHG.
- Backed by Brigade Enterprises, providing strategic and financial support.
- Operates a growing portfolio of 1,600+ rooms across nine hotels.
Risks
- Significant revenue dependence on the Bengaluru market increases regional exposure.
- High debt levels could impact financial flexibility and margins.
- The hospitality business is cyclical and sensitive to economic downturns.
- Relies on third-party operators, which may affect service consistency.
- Execution risks exist in managing new hotel developments and expansions.