New Delhi, July 24 -- The initial public offering (IPO) of Brigade Hotel Ventures received a healthy response on its first day of bidding, with investors placing bids for 3.21 crore shares against the total offer of 4.83 crore shares, resulting in an overall subscription of 0.67 times by the end of Day 1, according to exchange data.

Retail investors showed strong interest, with their portion subscribed 2.66 times, while the non-institutional investors' portion was booked 0.45 times. The QIB (Qualified Institutional Buyers) portion was subscribed just 0.08 times.

Brigade Hotel Ventures aims to raise Rs.759.60 crore through the IPO, which is entirely a fresh issue of 8.44 crore shares. The IPO lot size is fixed at 166 shares, requiring a ...