Grand Continent Hotels IPO
Open SmeCurrent GMP
₹1 (+0.88%)
Price Band
₹ 107 – 113
Lot Size
1200
Issue Size
₹74.46 Cr
Minimum Investment
₹271200 (2400 Shares)
Listing Date
27 March 2025
Subscription
1.87x
About the Company
Grand Continent Hotels Private Limited, established in Bengaluru, Karnataka on November 11, 2011, operates in the mid-scale hotel sector, offering upper-mid-priced, mid-priced, and economy hotel segments. The company launched its first hotel, Grand Continent Hotel, in Bengaluru in 2016. By September 30, 2024, it had 16 operational hotels with 753 hotel keys across several locations, including Bengaluru, Mysuru, Hosur, Goa, Tirupati, and Secunderabad.
The company's portfolio is categorized into three segments:
- Economy Hotels: Average Daily Rate (ADR) under INR 3,000 with basic amenities.
- Mid-Price Hotels: ADR between INR 3,000 and 3,750 with additional services like fitness centers and coffee shops.
- Upper Mid-Price Hotels: ADR between INR 3,750 and 5,000, with amenities such as banquets, swimming pools, and larger rooms.
As of September 30, 2024, the company's occupancy rates were 67.69% for the six months ending September 30, 2024, with adjusted occupancy at 72.33%. Bengaluru is a key market, contributing significantly to operational properties, revenue, and key count.
The company follows an asset-light model, mostly operating under leased properties and franchise agreements with Sarovar Hotels Private Limited and Royal Orchid Associated Hotels Limited. The management, led by Promoter Mr. Ramesh Siva, has extensive experience in the hospitality industry.
Grand Continent Hotels aims to capitalize on growing tourism, especially domestic travel, and plans to expand its portfolio to 2,000+ keys by FY2026. The company's strategy includes increasing Average Room Rates (ARR), improving operational efficiencies, and expanding through acquisitions and development initiatives.
Key Growth Drivers:
- Increasing domestic and foreign tourism, particularly post-pandemic.
- Expansion of road, rail, and air connectivity, making travel more accessible.
- Planned growth through acquisitions and internal funding.
The company is well-positioned to leverage its existing market presence and management expertise for future growth and competitive advantage.
Promoters
- MR. RAMESH SIVA
- MRS. VIDYA RAMESH
Promoters Holding
Holding Pre Issue
75.02%
Holding Post Issue
0.00%
Objects of the Issue
Company proposes to utilize the net proceeds, being the Gross Proceeds of the Fresh Issue less the Offer related expenses
(“Net Proceeds”), towards funding the following objects (collectively, the “Objects”):
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by our Company
- Expansion of our Hotel properties in India
- General Corporate Purpose
Address / Contact Info
Grand Continent Hotels Limited
S No. 245/1A/1B, Venpursham
Village, Veeralapakkam,
Thiruporur, Chengalpattu,
Mamallapuram, Kanchipuram,
Tirukalikundram - 603110,
Tamil Nadu, India.
Phone: 080 4165 6491
Email: cs@grandcontinenthotels.com
Website: https://grandcontinenthotels.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 20 March 2025
IPO Close Date
Monday, 24 March 2025
Basis of Allotment
Tuesday, 25 March 2025
Initiation of Refunds
Wednesday, 26 March 2025
Credit of Shares to Demat
Wednesday, 26 March 2025
Listing Date
Thursday, 27 March 2025 — NSE & BSE
Important Dates
Open Date
20 March 2025
Close Date
24 March 2025
Basis Of Allotment
25 March 2025
Listing Date
27 March 2025
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| 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 |
| Reserve & Surplus | 22.36 | 26 | -0.42 | -2.64 |
| Total Borrowings | 40.22 | 34.96 | 37.07 | 34.72 |
EPS Pre
2.21%
EPS Post
5.47%
P/E Pre
51.24
P/E (Post Issue)
20.67x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 25 |
| ROCE % | 17 |
| Debt / Equity | 1.13 |
| RoNW % | 26.67 |
| PbW | 0 |
| Pat Margin % | 13.05 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 1873200 | 28.43 | 0 |
| Market Maker | 330000 | 5.01 | 0 |
| Qualified Institutions | 1249200 | 18.96 | 0 |
| Non-Institutional | 937200 | 14.22 | 0 |
| Retail Investors | 2187600 | 33.2 | 0 |
| Total | 6589200 | 100 | 0 |
Subscription Status ( Mon, 24 Mar 25 01:08 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1249200 | 3666000 | 2.93x |
| Non-Institutional | 937200 | 1630800 | 1.74x |
| Retail Investors | 2187600 | 2888400 | 1.32x |
| Employees | 0 | 12000 | 0x |
| Total | 4374000 | 8197200 | 1.87x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 135,600.00 |
| Retail (Max) | 1 | 1,200 | 135,600.00 |
| S-HNI (Min) | 2 | 2,400 | 271,200.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Indorient Financial Services Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Grand Continent Hotels IPO is a Book-building IPO worth ₹74.46 crores. The price band is ₹107 to 113 per share. The IPO opens on Thu, Mar 20, 2025 and closes on Mon, Mar 24, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Grand Continent Hotels IPO opens on Thu, Mar 20, 2025 and closes on Mon, Mar 24, 2025
Grand Continent Hotels IPO Price Band is ₹107 to 113.
Grand Continent Hotels IPO lot size is 1200, and the minimum amount required for application is ₹271200.
The minimum investment for Grand Continent Hotels IPO is approximately ₹271200 based on the upper price band.
To apply for the Grand Continent Hotels IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Mar 24, 2025. After submission, funds are blocked until the basis of allotment of Grand Continent Hotels IPO is finalised.
Grand Continent Hotels IPO issue size is ₹74.46 crores.
Grand Continent Hotels IPO allotment date is Sat, Jun 27, 2026.
The registrar for Grand Continent Hotels IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Grand Continent Hotels IPO through their official website or helpline.
The Grand Continent Hotels IPO GMP (Grey Market Premium) is ₹1 as of Thu, Mar 27, 2025. Based on the upper price band of ₹113 per share, the estimated Grand Continent Hotels IPO listing price is ₹114, indicating a potential listing gain of approximately 31% over the issue price.