BRIGADE HOTEL VENTURES LIMITED INITIAL PUBLIC OFFERING TO OPEN ON Thursday, July 24, 2025

Bhubaneswar: Brigade Hotel Ventures Limited (“Company”), shall open its Bid/Issue in relation to its initial public offer of Equity Shares (“Issue”) on Thursday, July 24, 2025. The Anchor Investor Bidding Date is one working day prior to Bid/Issue Opening Date, being  Wednesday, July 23, 2025. The Bid/ Issue Closing Date is Monday, July 28, 2025.

The total Issue size comprises of a fresh issue of equity shares of face value of ₹10 each aggregating up to ₹ 7596.00 millions.

Price Band of the Issue is fixed at Rs. 85/- to Rs 90/- per equity share. (“The Price Band”).

The Issue includes a reservation of Equity Shares, aggregating up to ₹ 75.96 million for subscription by Eligible Employees (the “Employee Reservation Portion”). A discount of Rs. 3/- per Equity Share is being offered to Eligible Employees bidding in the Employee Reservation Portion (“Employee Reservation Portion Discount”). The Issue also includes a reservation of Equity Shares aggregating up to ₹ 303.84 million, available for allocation to BEL Shareholders, on a proportionate basis (“BEL Shareholders Reservation Portion”). The Issue less the Employee Reservation Portion and the BEL Shareholders Reservation Portion is hereinafter referred to as the “Net Issue”.

[Bids can be made for a minimum of 166 Equity Shares and in multiples of 166 Equity Shares thereafter. (“Bid Lot”).] The Company proposes to utilize the net proceeds towards repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by our Company and material subsidiary – SRP Prosperita Hotel Ventures Limited, amounting to Rs 4681.4 Million. The repayment amount will include Rs 4136.9 Million availed by the Company and Rs 544.5 Million by material subsidiary – SRP Prosperita Hotel Ventures Limited.            The net proceeds will also be used towards the payment of consideration for buying of undivided share of land from our promoter, BEL amounting to Rs 1075.2 Million as well as for pursuing inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes.

This Issue is being made in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulation, 2018, as amended (“SEBI ICDR Regulations”). The Issue is being made through the Book Building Process and is in compliance with Regulation 6(2) of the SEBI ICDR Regulations, wherein, not less than 75% of the Net Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”, and such portion, the “QIB Portion”) provided that our Company in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), of which at least one-third shall be available for allocation to Mutual Funds, subject to valid Bids being received from Mutual Funds at or above the Anchor Investor Allocation Price, in accordance with the SEBI ICDR Regulations. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion.

Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors) including Mutual Funds, subject to valid Bids being received at or above the Issue Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs. If at least 75% of the Issue cannot be allotted to QIBs, then the entire application money will be refunded forthwith.

Further, not more than 15% of the Net Issue shall be available for allocation to Non-Institutional Bidders out of which (a) one-third of such portion shall be reserved for applicants with application size of more than ₹ 200,000 and up to ₹1,000,000; and (b) two-third of such portion shall be reserved for applicants with application size of more than ₹1,000,000, provided that the unsubscribed portion in either of such sub-categories may be allocated to applicants in the other sub-category of Non-Institutional Bidders and not more than 10% of the Net Issue shall be available for allocation to Retail Individual Bidders (“RIBs”) in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Issue Price. All potential Bidders (except Anchor Investors) are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective bank accounts (including UPI ID for UPI Bidders using UPI Mechanism) in which the Bid amount will be blocked by the SCSBs or the Sponsor Banks, as applicable, to participate in the Issue.

Anchor Investors are not permitted to participate in the Anchor Investor Portion of the Issue through the ASBA process. Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Issue Price. Furthermore, such number of Equity Shares, aggregating up to ₹303.84 million shall be made available for allocation on a proportionate basis only to BEL Shareholders bidding in the BEL Shareholders Reservation Portion, subject to valid Bids being received at or above the Issue Price. All Bidders (except Anchor Investors) are required to mandatorily utilise the ASBA process by providing details of their respective ASBA accounts and UPI ID (in case of UPI Bidders using the UPI Mechanism), in which case the corresponding Bid Amounts will be blocked by the SCSBs or under the UPI Mechanism, as applicable to participate in the Issue. Anchor Investors are not permitted to participate in the Anchor Investor Portion of the Issue through the ASBA process

All Bidders (except Anchor Investors) are required to mandatorily utilise the ASBA process by providing details of their respective ASBA accounts and UPI ID (in case of UPI Bidders  using the UPI Mechanism), in which case the corresponding Bid Amounts will be blocked by the SCSBs or under the UPI Mechanism, as applicable to participate in the Issue. Anchor Investors are not permitted to participate in the Anchor Investor Portion of the Issue through the ASBA process.

JM Financial Limited and ICICI Securities Limited are the Book Running Lead Managers to the issue.

Unless otherwise defined herein, all capitalised terms shall have such meaning as ascribed to them in the RHP.