Description

Lock-in details and listing information for Brigade Hotel Ventures Limited equity shares with various lock-in periods ranging from 1 month to 3 years.

Summary

Brigade Hotel Ventures Limited has listed its equity shares on BSE with detailed lock-in arrangements. The company has issued a total of 37,98,42,565 equity shares with varying lock-in periods, with the majority under lock-in restrictions ranging from 1 month to 3 years.

Key Points

  • Total equity shares: 37,98,42,565
  • Lock-in shares: 33,15,11,000 (87.3% of total)
  • Non-lock-in shares: 4,83,31,565 (12.7% of total)
  • All shares are in demat form
  • Lock-in periods vary from 1 month to 3 years
  • Managing Director: Nirupa Shankar (DIN: 02750342)

Lock-in Structure

  • 7,59,71,921 shares: Lock-in from 29-Jul-2025 to 30-Jul-2028 (3 years)
  • 20,54,58,079 shares: Lock-in from 29-Jul-2025 to 30-Jul-2026 (1 year)
  • 1,40,00,000 shares: Lock-in from 03-Jul-2025 to 03-Jan-2026 (6 months)
  • 1,80,40,500 shares: Lock-in from 29-Jul-2025 to 27-Aug-2025 (1 month)
  • 1,80,40,500 shares: Lock-in from 29-Jul-2025 to 26-Oct-2025 (3 months)
  • 4,83,31,565 shares: Not under lock-in (IPO Public)

Regulatory Framework

  • Lock-in provisions governed by SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, Regulation 17(c)
  • Alternative Investment Fund Category II lock-in requirements applicable
  • 360 ONE Special Opportunities Funds (Series 9-13) and 360 ONE Large Value Fund Series 2 holdings subject to specific lock-in periods

Important Dates

  • Listing Date: 30-Jul-2025
  • Prospectus Date: 28-Jul-2025
  • Earliest Lock-in Expiry: 27-Aug-2025
  • Latest Lock-in Expiry: 30-Jul-2028
  • AIF Lock-in Expiry: 03-Jan-2026

Impact Assessment

The lock-in structure significantly limits immediate share liquidity, with only 12.7% of shares freely tradable. This typical post-IPO arrangement protects against immediate selling pressure while ensuring promoter and investor commitment. The staggered unlock schedule will gradually increase liquidity over the next three years.

Impact Justification

New listing with significant lock-in arrangements affecting share liquidity