Mumbai, July 25 -- The initial public offer of Brigade Hotel Ventures received bids for 6,09,28,972 shares as against 5,11,93,987 shares on offer, according to stock exchange data at 17:00 IST on Friday (25 July 2025). The issue was subscribed 1.19 times.
The issue opened for bidding on 24 July 2025 and it will close on 28 July 2025. The price band of the IPO is fixed between Rs 85 and 90 per share. An investor can bid for a minimum of 166 equity shares and in multiples thereof.
The IPO comprises a fresh issue of Rs 759.6 crore. Of the proceeds, Rs 468.14 crore will be used for repayment, prepayment, or redemption (in full or in part) of certain borrowings availed by the company and its material subsidiary, SRP Prosperita Hotel Ventures...
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