Brigade Hotel Ventures IPO Subscribed 4.76 Times on Day 3 Amid Strong Retail and QIB Demand

Brigade Hotel Ventures' initial public offering (IPO) has demonstrated solid investor demand through its third and final day of subscription, with Brigade Hotel Ventures' stock price set at ₹85-90 per share reflecting positive market reception. The ₹759.60 crore IPO rose to 4.76 times by 5:04:35 PM on day three, indicating strong investor interest in this hotel asset owner incorporated as a wholly-owned subsidiary of Brigade Enterprises Limited.

Brigade Hotel Ventures IPO retail investors segment leads with strong 6.83 times subscription, whilst qualified institutional buyers demonstrate solid participation at 5.74 times and non-institutional investors show reasonable interest at 2.03 times, reflecting steady investor confidence in this company.

Brigade Hotel Ventures IPO subscription reached a solid 4.76 times on day three, led by Retail Investors (6.83x), QIB (5.74x), and NII (2.03x). Total applications reached 2,93,639.

Subscription Status of Brigade Hotel Ventures IPO:

Here are the subscription details for Brigade Hotel Ventures IPO as of Day 3 (July 28, 2025, 5:04:35 PM):

Key Highlights - Day 2:

• Overall subscription reaching solid 4.76 times, a substantial surge from day two's 1.27 times
• Retail segment leading with exceptional demand at 6.83 times, building impressively from day two's 4.96 times
• QIB segment demonstrating remarkable growth at 5.74 times, dramatically exploding from day two's 0.09 times
• Shareholders category showing strong participation at 3.48 times, building from day two's 1.91 times
• sNII category displaying solid interest at 2.74 times, indicating robust smaller HNI enthusiasm
• bNII category showing measured participation at 1.67 times, reflecting cautious high-net-worth investor appetite
• Total applications reached 2,93,639, indicating substantial investor participation for this mainboard IPO
• Cumulative bid amount reached ₹2,069.32 crores against the issue size of ₹759.60 crores

Brigade Hotel Ventures IPO - Day 2 Subscription at 1.27 Times

Key Highlights - Day 2:

• Overall subscription reaching solid 1.27 times, building from day one's 0.67 times
• Retail investors demonstrating outstanding growth at 4.96 times, building from day one's 2.66 times
• NII segment showing encouraging improvement at 1.03 times, building from day one's 0.45 times
• QIB segment displaying modest participation at 0.09 times, showing minimal increase from day one's 0.08 times

Brigade Hotel Ventures IPO - Day 1 Subscription at 0.67 Times

Key Highlights - Day 1:

• Overall subscription opening cautiously at 0.67 times, showing measured initial investor interest
• Retail investors demonstrating early confidence at 2.66 times, showing positive retail sentiment
• NII segment showing modest initial demand at 0.45 times, indicating tentative high-net-worth appetite
• QIB segment displaying measured participation at 0.08 times, indicating careful institutional approach

About Brigade Hotel Ventures Limited

Brigade Hotel Ventures Limited is the owner and developer of hotels in key cities in India, primarily across South India. The company is a wholly-owned subsidiary of BEL, which is one of the leading Indian real estate developers in India. The company owns chain-affiliated hotels and rooms in South India comprising the states of Kerala, Andhra Pradesh, Tamil Nadu, Karnataka, Telangana, and the Union territories Lakshadweep, Andaman and Nicobar Islands and Pondicherry amongst major private hotel asset owners as of March 31, 2025. The company operates a portfolio of nine operating hotels across Bengaluru, Chennai, Kochi, Mysuru and the GIFT City with 1,604 keys, operated by global marquee hospitality companies such as Marriott, Accor and InterContinental Hotels Group.