[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Tanmay 🇮🇳 [@Tanmay_31_](/creator/twitter/Tanmay_31_) on x 44.4K followers Created: 2025-07-26 17:58:29 UTC Brigade Hotel Ventures Limited IPO Final Verdict High Risk Takers Can Apply With A View of 2-3 Years Highlights of the Issue : Date : 24-28 July Price Band : 85-90 Size : XXXXXX Crore (Full Fresh) M.cap : XXXXX Crore Objects Of The Issue : ▪︎ Repayment Of Debt - XXXXXX Cr ▪︎ Payment of consideration for buying undivided share of land from the Promoter - XXXXX Cr ▪︎ Inorganic Initiatives and GCP - XXX Cr *The Company Has Already Raised XXX Cr as Pre-IPO Placement Key Pointers : ▪︎ BHVL is the 2nd largest owner of chain-affiliated hotels and rooms in South India with a portfolio of X operating hotels with XXXXX Keys Hotel Portfolio : – Grand Mercure, Bangalore – Grand Mercure, Mysore – Grand Mercure, Ahmedabad – Sheraton, Bangalore – Four Points Sheraton, Kochi – Holiday Inn, Chennai – Holiday Inn, Bangalore – Ibis Styles, Mysore – Holiday Inn Express Suites, Bangalore ▪︎ The Company's Hotels are operated by Global Hospitality Companies like Mariott, Accor and Intercontinental Group ▪︎ BHVL Intends to Deleverage its Balance significantly which will lead to saving of interest Costs substantially ▪︎ The Company has a pipeline of X Additional Properties : – Luxury Beach Resort in Chennai (Grand Hyatt) – Fairfield by Mariott, Near Airport of Bengaluru – Fairfield by Mariott, Near Hosur, Bengaluru – Luxury Hotel in Hyderabad (InterContinental Brand) – Luxury wellness resort under ‘The Ritz-Carlton’ brand in Vaikom, Kerala ▪︎ BHVL Enjoys the Strong Parentage of Brigade Enterprises Limited which is highly Reputed Real Estate Developer with a proven track record and is currently valued at $X Bn Financials and Projections FY23 Revenue : XXX Crore EBITDA : XXX Crore Net Loss : (3.1 Crore) FY24 Revenue : XXX Crore EBITDA : XXXXX Crore PAT : XXXX Crore FY25 Revenue : XXXXX Crore EBITDA : XXXXX Crore Adj.PAT : XXXX Crore FY26E Revenue : XXX Crore EBITDA : XXX Crore PAT : XX Crore Valuing Brigade Hotel Ventures at 18× FY26E EV/EBITDA, Fair Value Comes At 93, Implying An Upside Of X% It's Clearly Visible That The IPO is fully priced leaving no scope for prospective investors It's Comparable Peers like Samhi, Juniper, Appejay are valued at 14-18× FY26E EV/EBITDA BHVL will be seeing its new inventory coming up from FY28, Till that point its just the ARR Rise and Rise in Occupancy driving the growth The whole portfolio is already at XX% Occupancy and the average ARR Rise will lead to a growth of not more than 13-15% for next X Fiscals There are many other players who are Poised to Grow 15-20% or even more at even lower Valuations So didn't found this IPO a compelling one to Apply Overall A good company from a good sector with good Promoters at expensive Valuation with lower growth over Peers Unhappy with the IPO Pricing Just A Personal View, Only For Educational Purposes  XXXXXX engagements  **Related Topics** [debt](/topic/debt) [mcap](/topic/mcap) [ipo](/topic/ipo) [Post Link](https://x.com/Tanmay_31_/status/1949167452899758206)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Tanmay 🇮🇳 @Tanmay_31_ on x 44.4K followers
Created: 2025-07-26 17:58:29 UTC
Brigade Hotel Ventures Limited IPO
Final Verdict
High Risk Takers Can Apply With A View of 2-3 Years
Highlights of the Issue :
Date : 24-28 July Price Band : 85-90
Size : XXXXXX Crore (Full Fresh)
M.cap : XXXXX Crore
Objects Of The Issue :
▪︎ Repayment Of Debt - XXXXXX Cr
▪︎ Payment of consideration for buying undivided share of land from the Promoter - XXXXX Cr
▪︎ Inorganic Initiatives and GCP - XXX Cr
*The Company Has Already Raised XXX Cr as Pre-IPO Placement
Key Pointers :
▪︎ BHVL is the 2nd largest owner of chain-affiliated hotels and rooms in South India with a portfolio of X operating hotels with XXXXX Keys
Hotel Portfolio :
– Grand Mercure, Bangalore – Grand Mercure, Mysore – Grand Mercure, Ahmedabad – Sheraton, Bangalore – Four Points Sheraton, Kochi – Holiday Inn, Chennai – Holiday Inn, Bangalore – Ibis Styles, Mysore – Holiday Inn Express Suites, Bangalore
▪︎ The Company's Hotels are operated by Global Hospitality Companies like Mariott, Accor and Intercontinental Group
▪︎ BHVL Intends to Deleverage its Balance significantly which will lead to saving of interest Costs substantially
▪︎ The Company has a pipeline of X Additional Properties :
– Luxury Beach Resort in Chennai (Grand Hyatt) – Fairfield by Mariott, Near Airport of Bengaluru – Fairfield by Mariott, Near Hosur, Bengaluru – Luxury Hotel in Hyderabad (InterContinental Brand) – Luxury wellness resort under ‘The Ritz-Carlton’ brand in Vaikom, Kerala
▪︎ BHVL Enjoys the Strong Parentage of Brigade Enterprises Limited which is highly Reputed Real Estate Developer with a proven track record and is currently valued at $X Bn
Financials and Projections
FY23 Revenue : XXX Crore EBITDA : XXX Crore Net Loss : (3.1 Crore)
FY24 Revenue : XXX Crore EBITDA : XXXXX Crore PAT : XXXX Crore
FY25 Revenue : XXXXX Crore EBITDA : XXXXX Crore Adj.PAT : XXXX Crore
FY26E Revenue : XXX Crore EBITDA : XXX Crore PAT : XX Crore
Valuing Brigade Hotel Ventures at 18× FY26E EV/EBITDA, Fair Value Comes At 93, Implying An Upside Of X%
It's Clearly Visible That The IPO is fully priced leaving no scope for prospective investors
It's Comparable Peers like Samhi, Juniper, Appejay are valued at 14-18× FY26E EV/EBITDA
BHVL will be seeing its new inventory coming up from FY28, Till that point its just the ARR Rise and Rise in Occupancy driving the growth
The whole portfolio is already at XX% Occupancy and the average ARR Rise will lead to a growth of not more than 13-15% for next X Fiscals
There are many other players who are Poised to Grow 15-20% or even more at even lower Valuations
So didn't found this IPO a compelling one to Apply
Overall A good company from a good sector with good Promoters at expensive Valuation with lower growth over Peers
Unhappy with the IPO Pricing
Just A Personal View, Only For Educational Purposes
XXXXXX engagements
