| Brigade Hotel Ventures Ltd |
|
Registered Office:
29 & 30 Flr WTC Brigade Gatewa,26/1 Dr Rajkumar Rd Malleswarm
,
Bangalore
-
560055
,
Karnataka
, India.
Phone :
+91 80 4137 9200 Fax:
Email : investors@bhvl.in
Website : https://bhvl.in
|
Initial public offer of up to [*] equity shares of face value of  10 each ("equity shares") of Brigade Hotel Ventures Limited ("company" or "issue") for cash at a price of [*] per equity share (including a share premium of [*] per equity share) ("issue price") aggregating up to 759.60 crores (the "issue") comprising a fresh issue of up to [*] equity shares aggregating up to 759.60 crores (the "fresh issue").
This issue includes a reservation of up to [*] equity shares of face value of 10 each (constituting [*]% of the post issue paid up equity share capital of the company) aggregating up to 7.60 crores for subscription by eligible employees (the "employee reservation portion") and a reservation of up to [*] equity shares of face value of 10 each (constituting [*]% of the post issue paid up equity share capital of the company) aggregating up to 30.38 crores, for subscription by bel shareholders (as defined hereinafter) (the "BEL shareholders reservation portion"). The issue less the employee reservation portion and the bel shareholders reservation portion is hereinafter referred to as the "net issue". The issue and the net issue will constitute [*]% and [*]% of the post-issue paid-up equity share capital, respectively.
A pre-ipo placement of equity shares was undertaken by the company, in consultation with the book running lead managers, as permitted under applicable law, aggregating to 126.00 crores ("pre-ipo placement"). The pre-ipo placement was at a price decided by the company, in consultation with the book running lead managers and was completed prior to filing of this red herring prospectus with the roc. The amount raised pursuant to the pre-ipo placement was reduced from the issue, subject to compliance with rule 19(2)(b) of the scrr and the revised issue size aggregates up to 759.60 crores. The pre-ipo placement did not exceed 20% of the size of the issue. The company has appropriately intimated the subscribers to the pre-ipo placement, prior to the allotment pursuant to the pre-ipo placement.
Price Band:85 to 90 per equity share of the face value of 10 each.
The floor price is 8.5 times of the face value the cap price is 9 times of the face value.
Bids can be made for a minimum of 166 equity shares and in multiples of 166 equity shares thereafter.
A discount of 3 per equity share is being offered to eligible employees bidding in the employee reservation portion. |
| Issue |
Money Payable On |
|
| Opens On |
Closes On |
Application |
Allotment |
|
| 24-Jul-25 |
28-Jul-25 |
Rs85.00-90.00 |
Rs0.00-0.00 |
| Minimum Application for shares in Nos :166 Further Multiples of :166 |
| |
RsCr |
Lead Managers to the Issue |
|
| Project Cost |
0.00 |
|
| Project Financed through Current Offer |
759.60 |
|
| Post Issue Equity Share Capital |
379.83 |
|
| Issue Price |
Rs85.00 |
|
|