Brigade Hotel Ventures IPO — Should You Subscribe Or Not? Read Anand Rathi's Report
Brigade Hotel Ventures' Rs 759.6-crore IPO is an entirely of fresh issue with no component of offer-for-sale. An owner and developer of hotels has set the price band at Rs 85 to Rs 90 per share.
NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
Brigade Hotel Ventures Ltd. will open its initial public offering for subscription on July 24 and close on July 28. An owner and developer of hotels has set the price band at Rs 85 to Rs 90 per share.
The Rs 759.6-crore IPO is an entirely of fresh issue with no component of offer-for-sale.
Investors can place bids starting from a minimum of 166 shares and in multiples thereafter.
JM Financial Ltd., ICICI Securities Ltd. are the book-running lead managers for the public issue.
Objects of the Issue
Repayment of certain borrowings availed by company and their subsidiaries.
Payment of consideration for buying of undivided share of land from the Promoter, BEL.
Pursuing inorganic growth opportunities and General corporate purposes.
Valuation
Brigade Hotel Ventures has a portfolio of strategically located, award-winning hotels that offer a diverse range of hospitality experiences across key metropolitan and emerging cities, primarily in South India.
With a strong emphasis on asset ownership and operational oversight, the company has consistently demonstrated high levels of operating efficiency. Its affiliation with the reputed Brigade Group provides it with the advantage of strong parentage, deep real estate expertise, and brand credibility.
At the upper price band company is valuing at P/E of 160x to its FY25 earnings, EV/Ebitda of 25.3x and market cap of Rs 34,184 million post issue of equity shares. We believe that the IPO is fully priced and recommend a “Subscribe Long term” rating to the IPO.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
