Overview

• Shares listed at Rs 81.10 on NSE and Rs 82 on BSE, marking roughly a 10% drop from the Rs 90 issue price.
• The IPO attracted a 4.48-times overall subscription, with retail investors subscribing 6.40 times and qualified institutional buyers 5.42 times.
• Grey market premiums collapsed from an initial Rs 8-10 to zero ahead of listing, signaling muted secondary demand.
• The Rs 759.60 crore raised through the fresh-equity sale will strengthen the balance sheet and fund debt reduction, land acquisitions and expansion.
• Brigade Hotel Ventures owns over 500 hotel rooms in South India managed by global operators Marriott, Accor and InterContinental Hotels Group.