Brigade Hotel Ventures IPO
Brigade Hotel Ventures IPO
Brigade Hotel Ventures Ltd (BHVL), a subsidiary of Brigade Enterprises Ltd, is a prominent hotel owner and developer in India, primarily focusing on chain-affiliated hotels in South India. It is recognized as the second-largest owner of chain-affiliated hotels and rooms in South India among major private hotel asset owners (those with at least 500 rooms). As of March 31, 2025, the company operates nine hotels with 1,604 keys across key cities like Bengaluru, Chennai, Kochi, Mysuru, and the GIFT City in Gujarat. These properties are managed by globally renowned hospitality brands such as Marriott, Accor, and InterContinental Hotels Group.
Investment Timeline
🤖 Smart Analysis
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🎯 Application Strategy
Action: ⛔ AVOID - Better opportunities available elsewhere
Lots: NOT RECOMMENDED
⏳ Timing Advice
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Key Factor Analysis
Issue Details
Object of the Issue
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the company and Material Subsidiary, namely, SRP Prosperita Hotel Ventures Limited.
- Payment of consideration for buying of undivided share of land from the Promoter, BEL.
- Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
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