Grand Continent Hotels Limited IPO
NSE SMEListed On: Mar 27, 2025 at ₹ 112.9
₹ 271200 /2400 Shares
*Min Investment
20 Mar, 2025
Open Date24 Mar, 2025
Close Date25 Mar, 2025
Allotment Date27 Mar, 2025
Listing DateGrand Continent Hotels IPO Issue Details
- Issue Price ₹107-113 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 65,89,200 shares(aggregating up to ₹74.46 crore)
- Fresh Share 62,60,400 shares(aggregating up to ₹70.74 crore)
- Offer For Sale 3,28,800 shares(aggregating up to ₹3.72 crore)
- Listing at NSE SME
- List Price 112.9
- Listing Date 2025-03-27
- Lead Manager Indorient Financial Services Ltd
- Registrar Link Intime India Private Ltd
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,35,600 |
| Retail(max) | 1 | 1200 | ₹1,35,600 |
| NII (min) | 2 | 2,400 | ₹2,71,200 |
Grand Continent Hotels IPO Reservation
Grand Continent Hotels IPO offers total 65,89,200 shares. Out of which 12,49,200 (18.96%) allocated to QIB, 9,37,200 (14.22%) allocated to NII,21,87,600 (33.2%) allocated to RII, NA (NA%) allocated to employees and 18,73,200 (28.43%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 18,73,200 (28.43%) | |
| Market Maker Shares Offered | 3,30,000 (5.01%) | |
| QIB Shares Offered | 12,49,200 (18.96%) | |
| NII (HNI) Shares Offered | 9,37,200 (14.22%) | |
| Retail Shares Offered | 21,87,600 (33.2%) | |
| Total Shares Offered | 65,89,200 (100%) |
Grand Continent Hotels IPO Details
Grand Continent Hotels Limited IPO is an SME IPO, priced at ₹107-113 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 65,89,200 equity shares, aggregating up to ₹74.46 crores..
The IPO bidding window is open from Mar 20, 2025 to Mar 24, 2025. The allotment is expected to be finalized on Mar 25, 2025, and the tentative listing date is Mar 27, 2025.
The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,35,600. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,71,200.
Indorient Financial Services Ltd is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Alacrity Securities Ltd. will act as the market maker for this issue.
Grand Continent Hotels IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 12,49,200 / 9,37,200 | 21,87,600 | 43,86,000 |
Day 1 20-03-25 06:00 PM | 0.71 / 0.42 x | 0.19 x | 0.39 x |
Day 2 21-03-25 06:00 PM | 0.71 / 0.14 x | 0.44 x | 0.45 x |
Day 3 24-03-25 06:00 PM | 2.93 / 1.74 x | 1.32 x | 1.87 x |
Grand Continent Hotels Valuations
Grand Continent Hotels Company Financials
| 30-Sep-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|---|
| Assets | 97.94 | 73.91 | 42.26 | 34.37 |
| Revenue | 31.86 | 31.53 | 17.05 | 6.03 |
| Profit After Tax | 6.81 | 4.12 | 1.05 | -0.79 |
| Net Worth | 40.18 | 29.99 | 0.59 | -1.63 |
| Reserves & Surplus | 22.36 | 26.0 | -0.42 | -2.64 |
| Total Borrowing | 40.22 | 34.96 | 37.07 | 34.72 |
About Grand Continent Hotels Company
Established in 2011, Grand Continent Hotels Limited is an Indian hotel chain. Grand Continent Hotels serves the mid-market segment, and it has 19 hotels across six key cities of India with more than 900 rooms.
The hotels are well-placed in the core business districts, aimed at serving the varied demands of business travelers and tourists alike.
Grand Continent Hotels raises the level of customer experience through simple service interactions, easy-to-use infrastructure, and a focus on value for money delivery. They put emphasis on sustained service levels, availability, and continuously benchmark and refresh services to match changing guest needs.
As of September 30, 2024, the Company and JV Partner Entities own and operate 16 hotels with 753 keys in Karnataka (Bengaluru/Mysuru), Tamil Nadu (Hosur), Goa (Anjuna/Morjim), Andhra Pradesh (Tirupati), and Telangana (Secunderabad).
The firm accommodates Indian middle-class visitors and corporate visitors with value-for-money propositions and differentiated comfortable services.
At the close of September 30 2024, the firm had employees totaling 538 across the firm's different departments.
Grand Continent Hotels - Promoter(s)
Pre Issue Share Holding : 75.02%
Post Issue Share Holding : %
Grand Continent Hotels IPO - Issue Objectives
Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the Company
Expansion of the Hotel properties in India
General Corporate Purpose
Grand Continent Hotels IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Grand Continent Hotels Limited | 2.54 | 2.54 | 75.17 | N/A | 26.67 | 1.51 | Consolidated |
| Lemon Tree Hotels Ltd | 1.88 | 1.88 | 19.52 | 67.79 | 12.28 | 6.84 | Consolidated |
| Sayaji Hotels Ltd. | 8.18 | 8.18 | 90.49 | 32.38 | 7.04 | 3.19 | Consolidated |
| Royal Orchids Hotels Limited | 17.68 | 17.68 | 75.88 | 21.99 | 25.09 | N/A | Consolidated |
Notes:
- The P/E ratio for the peer group has been computed based on the closing market price of equity shares on BSE Limited as of March 12, 2025, divided by the diluted EPS for the financial year of March 31, 2024.
- RoNW has been computed by dividing restated net profit after tax with the average restated Net worth of beginning and the end of the year/period.
Contact Details
Grand Continent Hotels
S No. 245/1A/1B, Venpursham Village, Veeralapakkam, Thiruporur, Chengalpattu, Mamallapuram, Kanchipuram, Tirukalikundram-603110
080 4165 6491
Registrar Contact Details
Grand Continent Hotels IPO - FAQs
Ans. Grand Continent Hotels Limited IPO is a SME IPO. The issue is priced at ₹107-113 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Mar 20, 2025, and closes on Mar 24, 2025. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Grand Continent Hotels Limited IPO opens on Mar 20, 2025 and closes on Mar 24, 2025.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Grand Continent Hotels Limited IPO is 65,89,200 shares(aggregating up to ₹74.46 Cr).
Ans. The Grand Continent Hotels Limited IPO price band is set between ₹107-113 per equity share.
Ans. To apply for Grand Continent Hotels Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Grand Continent Hotels Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Grand Continent Hotels Limited IPO is Mar 25, 2025.
Ans. The Grand Continent Hotels Limited IPO will be listed on Mar 27, 2025.
Ans. Follow the steps to check the Grand Continent Hotels Limited IPO allotment status online.
