Grand Continent Hotels IPO
Grand Continent Hotels Limited is set to launch its ₹74.46 crore IPO, which includes a fresh issue of 62.60 lakh shares totaling ₹70.74 crore, along with an OFS of 3.29 lakh shares amounting to ₹3.72 crore. The IPO subscription window will be open from March 20, 2025, to March 24, 2025, with the allotment process expected to conclude by March 25, 2025. The company’s shares are tentatively scheduled for listing on NSE SME on March 27, 2025.
The IPO price range has been set between ₹107 and ₹113 per share, with a minimum investment lot size of 1,200 shares, requiring retail investors to invest a minimum of ₹1,28,400. Investors looking to secure allotment are advised to bid at the upper price band, raising the required investment to ₹1,35,600. HNIs (High Net-worth Individuals) need to apply for at least 2 lots (2,400 shares), amounting to ₹2,71,200.
Grand Continent Hotels IPO Important Dates
| Event | Date |
|---|---|
| Subscription Opens | 20 March 2025 |
| Subscription Closes | 24 March 2025 |
| Allotment Finalization | 25 March 2025 |
| Refund Initiation | 26 March 2025 |
| Shares Credited to Demat | 26 March 2025 |
| Expected Listing Date | 27 March 2025 |
| UPI Payment Deadline | 5:00 PM, March 24, 2025 |
Grand Continent Hotels IPO Important Details
| Attribute | Details |
|---|---|
| IPO Name | Grand Continent Hotels IPO |
| IPO Period | 20 March 2025 – 24 March 2025 |
| Expected Listing Date | 27 March 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹107 to ₹113 per share |
| Minimum Lot Size | 1,200 shares |
| Total IPO Size | 65,89,200 shares (₹74.46 Cr) |
| Fresh Issue | 62,60,400 shares (₹70.74 Cr) |
| Offer for Sale (OFS) | 3,28,800 shares (₹3.72 Cr) |
| Issue Type | Book Built Issue IPO |
| Stock Exchange | NSE SME |
| Pre-Issue Equity | 1,86,59,003 shares |
| Post-Issue Equity | 2,49,19,403 shares |
| Market Maker Allocation | 3,30,000 shares (Alacrity Securities Ltd.) |
Grand Continent Hotels IPO Reservation Breakdown
| Investor Category | Allocation |
|---|---|
| Qualified Institutional Buyers (QIBs) | Up to 50% of the Net Issue |
| Retail Investors | Minimum 35% of the Net Issue |
| Non-Institutional Investors (HNIs) | Minimum 15% of the Net Issue |
Grand Continent Hotels IPO Investment Breakdown
| Investor Type | Minimum Lot | Shares per Lot | Investment Amount |
|---|---|---|---|
| Retail (Lower Price Band) | 1 Lot | 1,200 Shares | ₹1,28,400 |
| Retail (Upper Price Band) | 1 Lot | 1,200 Shares | ₹1,35,600 |
| HNIs (Minimum Bid) | 2 Lots | 2,400 Shares | ₹2,71,200 |
Financial Performance (₹ in Lakhs)
| Metric | Sep 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|
| Total Assets | 9,794 | 7,391 | 4,226 | 3,437 |
| Revenue | 3,186 | 3,153 | 1,705 | 603 |
| Net Profit | 681 | 412 | 105 | -79 |
| Net Worth | 4,018 | 2,999 | 59 | -163 |
| Total Debt | 4,022 | 3,496 | 3,707 | 3,472 |
About Grand Continent Hotels
Established in 2011, Grand Continent Hotels Limited is a mid-scale hospitality chain in India, operating 19 properties across six cities. The company provides 900+ rooms, catering to both business and leisure travelers. With a strong presence in urban centers, it offers modern, budget-friendly accommodations with customer-focused services.
As of September 30, 2024, Grand Continent Hotels and its affiliates managed 16 hotels with 753 rooms in key locations, including:
- Karnataka (Bengaluru, Mysuru)
- Tamil Nadu (Hosur)
- Goa (Anjuna, Morjim)
- Andhra Pradesh (Tirupati)
- Telangana (Secunderabad)
The company aims to provide affordable, high-quality stays with features such as air-conditioned rooms, workspaces, premium bedding, diverse dining options, conference halls, and complimentary Wi-Fi.
Currently, 538 employees contribute to the company’s expansion, focusing on customer satisfaction, service quality, and operational efficiency.
Utilization of IPO Proceeds
Grand Continent Hotels plans to allocate the IPO proceeds as follows:
- ₹34.08 crore for debt repayment, enhancing the company’s financial health.
- ₹16.79 crore for expanding hotel operations across India, reinforcing its market presence.
- The remaining amount will support general corporate activities and operational improvements.
Grand Continent Hotels IPO Documents
Company & Registrar Contact Information
Company Headquarters:
- Address: S No. 245/1A/1B, Venpursham Village, Veeralapakkam, Thiruporur, Chengalpattu, Mamallapuram, Kanchipuram, Tirukalikundram – 603110
- Phone: 080 4165 6491
- Email: cs@grandcontinenthotels.com
- Website: Grand Continent Hotels
Grand Continent Hotels IPO Registrar:
- Registrar: Link Intime India Private Ltd
- Phone: +91-22-4918 6270
- Email: grandcontinent.ipo@linkintime.co.in
- Website: Link Intime
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