Brigade Hotel Ventures made a weak stock market debut on July 31, 2025, listing at ₹81.10 per share on the NSE, nearly 10% below its IPO price of ₹90. The listing disappointed investors and missed grey market expectations, which had indicated a flat debut with zero grey market premium (GMP).

The ₹760-crore IPO had garnered robust investor interest, being subscribed 4.5 times its offer size by the close of bidding on July 28. Retail investors led the charge, subscribing their reserved portion over 6 times, while Qualified Institutional Buyers (QIBs) subscribed more than 5 times and Non-Institutional Investors (NIIs) nearly 2 times.

Despite the strong subscription numbers, the listing failed to reflect the demand, highlighting the cautious secondary market sentiment amid broader market volatility.

The IPO comprised a fresh issue of equity shares worth ₹759.6 crore with no offer-for-sale (OFS) component. The price band was set at ₹85–90 per share, and investors could bid for a minimum lot of 166 shares, amounting to ₹14,940 at the upper band.

Brigade Hotel Ventures, a subsidiary of Bengaluru-based real estate firm Brigade Enterprises, plans to use the IPO proceeds strategically. About ₹468.14 crore will be used to repay debt, while ₹107.52 crore is earmarked for acquiring an undivided share of land from its parent, Brigade Enterprises Ltd (BEL). The remaining funds will support strategic acquisitions, expansion plans, and general corporate purposes.

While the weak listing may dampen short-term sentiment, long-term investors will be closely watching the company's execution and growth in India’s hospitality and real estate ecosystem.