GEMINI
The IPO of Rs 759.6 crore of Brigade Hotel Ventures Limited will open on July 24 in a price range of Rs 85-90 per share. It will close a fully new stock -based offer on July 28 and is expected to be listed in the stock markets on 31 July.
New Delhi. Brigade Hotel Ventures Limited, the developer of hotels in South India, has fixed a price scope of Rs 85-90 per share for its upcoming public issue (IPO) of Rs 759.6 crore. The company said in a statement on Monday that the IPO will open on July 24 and will conclude on 28 July.
Big (anchor) investors will be able to bid on 23 July. The IPO of Brigade Hotel Ventures is completely based on the sale of new share which includes no sales offering (OFS) component. JM Financial and ICICI Securities are the manager of this upcoming IPO.
The company's shares may be listed in the stock markets on 31 July. Brigade Hotel Ventures raised Rs 126 crore earlier this month by selling shares to 360 One Alternate Asset Management.
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