MV Bureau Mumbai |Brigade Hotel Ventures Ltd, the second largest owner of chain-affiliated hotels and rooms in South India among major private hotel asset owners, has filed its Draft Red Herring Prospectus with market regulator Securities and Exchange Board of India.

As part of the initial public offering (IPO), the company proposes to issue equity shares of face value of Rs 10 each totalling up to Rs 900 crore.

Brigade Hotel Ventures is a wholly-owned subsidiary of Brigade Enterprises Ltd, one of the leading real estate developers in the country.

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