Brigade Hotel IPO subscribed 1.2 times on day 2; GMP hints at 7% listing pop

July 25, 2025

Brigade Hotel Ventures’ Rs 759.6 crore IPO saw 1.18 times subscription on its second day, driven by retail and NII interest. The IPO, priced at Rs 85-90, features expansion plans to 14 hotels by FY29. Despite premium assets and brand partnerships, analysts are divided due to high valuations, suggesting limited near-term gains.

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