By 2:36 pm on the 1st of the 1st, the retail transaction bid 1.94 times, while the non-institutional investor (NII) category saw a 30% subscription. Quota for qualified institutional buyers (QIB) got an 8% bid.
GMP of Brigade Hotel IP
In the unofficial gray market, the shares of the Brigade Hotel are Rs. Trade at a premium of 8, the potential list cost of Rs. 98 and shows the proposed 8.9%.
IPO details
The IPO, which has a new issue of 8.44 crore shares, is priced at Rs 85-90 per share and will be open till July 28. The stock will enter both BSE and NSE on July 31.
Portfolio and growth plans
BHVL runs nine upscale hotels with 1,604 rooms in South Indian cities including Bengaluru, Chennai, Kochi and Mysore, as well as Gift City in Gujarat. These properties are operated under Marchi Hospitality Brands such as Mariot, Acre and IHG.
The company recorded the average business rate in the financial year 25. The BHVL is intended to expand its portfolio into 14 hotels with 2,560 keys by FY 29, with upcoming projects, including Grand Hyatt in Chennai and Ritz-Carlton Wellness Resort in Kerala.
Financial and evaluation
Revenue is Rs. The 350 crore increased by Rs 468 crore in FY 25, supported by strong operating petting performance, with eBitda margin 35%. However, the net profit in the financial year 25 has gone up to Rs 23.7 crore, which is from Rs 31 crore last year, while the return ratio is subdued.
Living events
At the top of the price band, this issue is valued at a price-to-house (P/E) multiple and 32.3x price-book (P/B)-the layers that the lemon tree hotel and the Indian hotel coat go ahead.
Analyzer point of view
Brokerage remains split. Ventura Securities has issued a ‘subscribe’ rating quoting the company’s premium asset base and strong brand partnership, while Canara Bank Securities warns about EP evaluation, indicating that only long -term investors consider this offer.
Given its strategic presence, premium connections and expansion pipelines in South India, BHVL is in good position to ride India’s hospitality upscale. Nevertheless, the 9% gray gray market premium and high valuation matrix suggest a limited near -term list benefit.
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(Disclaimer: The recommendations, suggestions, opinions and views given by experts are their own. This does not represent the views of the economic time)
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