Hospitality - Listed on 31 July 2025
Brigade Hotel Ventures (Hospitality) closed its IPO window in 2025 and listed on NSE and BSE on 31 July 2025 at an upper band issue price of Rs 90, opening at Rs 81 for a listing gain of -10.0% and closing day one at Rs 85.32 (-5.2% on closing basis). The IPO was subscribed 4.48x overall - QIB 5.42x, HNI/NII 1.92x, Retail 6.40x. The total issue size was Rs 759.6 Cr (Fresh Issue Rs 759.6 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Hospitality
Brigade Hotel Ventures operates in the Hospitality space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Brigade Hotel Ventures issue was offered at an upper price of Rs 90 and raised approximately Rs 759.6 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 13 | +14.44% |
| Day 2 | Rs 16 | +17.78% |
| Day 3 | Rs 12 | +13.33% |
| Day 4 | Rs 8 | +8.89% |
| Day 5 | Rs 7 | +7.78% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Brigade Hotel Ventures IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Brigade Hotel Ventures IPO listed at -10.0% versus the upper issue price of Rs 90 on 31 July 2025.
Brigade Hotel Ventures IPO was subscribed 4.48x overall. QIB portion was subscribed 5.42x, HNI / NII 1.92x and Retail 6.40x.
IPO GMP started at Rs 13 on Day 1 and moved to Rs 7 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.