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Brigade Hotel's IPO oversubscribed 4.5 times: Key details here
Brigade Hotel Ventures just wrapped up its IPO, and the response was big—investors put in bids for nearly 23 million shares, even though only about 5 million were available.
Shares were priced at ₹85-90, putting the company's value over ₹3,400 crore.
The money raised (about ₹760 crore) will help pay off debt and fund new projects.
Retail investors showed up big time for this 1
Retail investors really showed up for this one, subscribing over six times their allotted shares—more than any other group. Big institutions and non-institutional investors also joined in with strong interest.
Brigade runs nine hotels across cities like Bengaluru and Chennai with global brands like Marriott and Accor, making it a key name to watch in hospitality right now.