New Delhi, July 30 -- The IPO of Brigade Hotel Ventures, which concluded recently, is set to debut on the Indian stock exchanges on Thursday, July 31. The issue received a healthy response during its bidding period between July 24 and July 28, resulting in an overall subscription of 4.76 times.

The IPO received total bids for 22.9 crore shares against 4.83 crore shares offered. The retail investors' portion was subscribed 6.83 times, while the NII and QIB portions were booked 2.03 times and 5.74 times, respectively.

As the bidding period has ended, investor focus has now shifted to potential listing gains, typically gauged by the grey market premium (GMP). According to market sources, the company's shares are quoting at Rs.0 in the grey...