By Admin 
Multibagger stock: Domestic brokerage firm ICICI Securities has recently introduced its coverage at Brigade Group’s subsidiary company Brigade Hotel Ventures (BHVL) and also estimated to give its multibagger returns. Recently listed company shares have been rated by ICICI Securities ‘BUY’ and its target price has been fixed at Rs 117. The brokerage firm says that BHVL is thinking about increasing its business in the country with its mariot, acor and intercontinental Hotels Group.
Capacity will increase so much by 2029
By June 2025, BHVL is running its nine hotels with 1,604 rooms in Bangalore, Chennai, Kochi, Mysuru and Gift City with 1,604 rooms. The company’s plan is to add 1,700 and new rooms to spend Rs 3,400 crore during the business year 25-29. With this, the capacity of BHVL rooms by FY 29 will reach about 3,300. BHVL’s parent company Brigade Enterprises Limited is a real estate developer and works in many other areas like real estate, leasing and hospitality. BHVL continues to benefit from the strengthening of the parent company, as it gets land in good places, the mixed use development project gets the benefit. Also, HR and accounting are also provided better services to increase the operational capacity.
The company raised so much money from IPO
The portfolio of BHVL is focused on upper Apaskel, Upskale, Upper-Midscale and Midscale Hospitality. Its hotels provide features from fine dining to magnificent restaurant MITIS MITINGS (Meetings, Inscent, Conference and Exemption) Venue, Lounge, Swimming Pool, Outdoor Space, Spa and Miz, which improve guests experience. In view of all these things, the brokerage firm is seeing an upset of 43 percent in it. Brigade Hotel Ventures shares were listed on the stock market on 31 July 2025. The company recently raised a total of Rs 759.60 crore with its public offer. For the IPO, the company issued shares at a price of Rs 90 per share with lot size of 166 equity shares. However, the stock is currently trading below 10 percent from its issue price.
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