Brigade Hotel Ventures is set to make its stock market debut on Thursday, July 31, on both exchanges–the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

The company’s initial public offering (IPO) had received an overall subscription of 476 per cent against the offer size of 4,83,48,103 shares.

Despite the strong demand, the listing is likely to occur near or slightly below the issue price of Rs 90 per share.

What market guru Anil Singhvi says
Zee Business Managing Editor Anil Singhvi shared his preview on the stock’s listing performance. He stated that the stock is expected to list near or slightly below its issue price of Rs 90.

The market guru noted that his team had previously advised investors to avoid subscribing to the IPO and instead consider entering the stock post-listing. For those looking at short-term opportunities, Singhvi recommended maintaining a suitable stop-loss to manage risk effectively.

(This story will be updated shortly.)