Brigade Hotel Ventures IPO: GMP Signals Nearly 9% Listing Gain Ahead Of July 24 Launch

Brigade Hotel Ventures IPO is a book-building issue worth Rs 759.6 crore. The IPO consists of only a fresh issue of 8.44 crore shares.

The Qualified Institutional Buyers (QIBs) will be allocated not less than 75% of the net issue. The retail quota will comprise 10% of the net issue, while Non-Institutional Investors (NIIs) will be offered 15% of the total issue.

Brigade Hotel Ventures has set the IPO price band at Rs 85 to Rs 90 per share. The lot size for the Brigade Hotel Ventures IPO is 166 shares.

The subscription window for the issue will remain open between July 24 and July 28. The tentative date for allotment of shares is Tuesday, July 29. Refunds to unsuccessful investors will also be initiated on the same day. The credited shares are expected to reflect in the Demat accounts of successful bidders by Wednesday, July 30.

Brigade Hotel Ventures ipo listing date has been tentatively fixed as July 31. Shares of the company will be listed on the NSE and BSE.

JM Financial Ltd. is the book-running lead manager for the Brigade Hotel Ventures IPO. KFin Technologies Ltd. has been appointed as the registrar for the issue.