Grand Continent Hotels IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Thu, 20 Mar 2025
Close Date
Mon, 24 Mar 2025
Price Band
₹ 107 – 113
Lot Size
1200
Issue Size
₹ 74.46 Cr
Minimum Investment
₹ 271,200 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Grand Continent Hotels IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹74.46 Crore, comprising a fresh issue of 62.60 Lakh equity shares aggregating to ₹70.74 Crore and an offer for sale (OFS) of 3.29 Lakh equity shares aggregating to ₹3.72 Crore by the existing shareholders.
The Grand Continent Hotels IPO remained open for subscription from March 20, 2025, to March 24, 2025. The basis of allotment was finalized on March 25, 2025, and the company's shares were listed on NSE SME Platform on March 27, 2025.
The company had fixed the price band at ₹107 to ₹113 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹271,200 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Indorient Financial Services Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Grand Continent Hotels Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Grand Continent Hotels IPO Timeline (Tentative)
- IPO Open Date
- Thu, 20 Mar 25
- IPO Close Date
- Mon, 24 Mar 25
- Basis of Allotment
- Tue, 25 Mar 25
- Initiation of Refunds
- Wed, 26 Mar 25
- Credit of Shares to Demat
- Wed, 26 Mar 25
- Listing Date
- Thu, 27 Mar 25 — NSE & BSE
Open Date
20 March 2025
Close Date
24 March 2025
Basis Of Allotment
25 March 2025
Listing Date
27 March 2025
IPO Subscription
Check Live Subscription →The Grand Continent Hotels IPO has received bids for 81,97,200 shares against 43,74,000 shares offered, resulting in an overall subscription of 1.87x. the NII category is subscribed 1.74x, Retail Investors 1.32x, Employees 0x, and QIBs 2.93x.
QIB
2.93x
NII
1.74x
RII
1.32x
EMP
0x
Total
1.87x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 21,87,600 shares, representing 33.2% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 12,49,200 shares (18.96%), while Non-Institutional Investors (NIIs) receive 9,37,200 shares (14.22%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 1,873,200 | 28.43% |
| Market Maker | 330,000 | 5.01% |
| Qualified Institutions | 1,249,200 | 18.96% |
| Non-Institutional | 937,200 | 14.22% |
| Retail Investors | 2,187,600 | 33.2% |
| Total | 6,589,200 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Grand Continent Hotels Limited KPI Information
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 25 |
| ROCE % | 17 |
| Debt / Equity | 1.13 |
| RoNW % | 26.67 |
| Pat Margin % | 13.05 |
Peers Comparison
No Peer Comparision Available
About Grand Continent Hotels Limited
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.
Grand Continent Hotels IPO Promoters
- MR. RAMESH SIVA
- MRS. VIDYA RAMESH
Promoters Holding
Holding Pre Issue
75.02%
Holding Post Issue
0.00%
Grand Continent Hotels IPO Objective
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
Grand Continent Hotels Limited Address / Contact Details
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
Grand Continent Hotels IPO Lot Size
The Grand Continent Hotels IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹1,35,600 by applying for 1 lot (1,200 shares). The maximum application allowed for the retail category is 1 lots (1,200 shares), requiring an investment of ₹1,35,600.
| 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 |
Issue Reservation
- Anchor Investors — 28.43%
- Market Maker — 5.01%
- QIB — 18.96%
- NII — 14.22%
- RII — 33.2%
Book Running Lead Managers
- Indorient Financial Services Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Grand Continent Hotels IPO?
Grand Continent Hotels IPO is a Book-building IPO with a total issue size of ₹74.46 crore. The Grand Continent Hotels IPO price band is ₹107 to 113 per share. The Grand Continent Hotels IPO subscription opens on Thu, Mar 20, 2025, and closes on Mon, Mar 24, 2025. The Grand Continent Hotels IPO will be listed on the NSE. MUFG Intime India Private Limited is the registrar for the Grand Continent Hotels IPO.
When will the Grand Continent Hotels IPO open for subscription?
The Grand Continent Hotels IPO opens on Thu, Mar 20, 2025 and closes on Mon, Mar 24, 2025
What is Grand Continent Hotels IPO Price Band?
Grand Continent Hotels IPO Price Band is ₹107 to 113 per share.
What is Grand Continent Hotels IPO Lot Size?
Grand Continent Hotels IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹271200 based on the upper price band
What is the minimum investment for Grand Continent Hotels IPO?
The minimum investment for Grand Continent Hotels IPO is ₹271200, based on one lot of 1200 shares at the upper price band of ₹113 per share.
How to apply for Grand Continent Hotels IPO?
Investors can apply for the Grand Continent Hotels IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Mar 24, 2025. The application amount remains blocked until the Grand Continent Hotels IPO allotment is finalized.
What is Grand Continent Hotels IPO Issue Size?
Grand Continent Hotels IPO issue size is ₹74.46 crores.
What is the Grand Continent Hotels IPO Allotment Date?
Grand Continent Hotels IPO allotment date is Tue, Mar 25, 2025.
Who is the Grand Continent Hotels IPO Registrar?
The registrar for Grand Continent Hotels IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Grand Continent Hotels IPO allotment status, refund processing, and other IPO-related information.
What is the Grand Continent Hotels IPO GMP?
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 0.88% over the issue price.
Who is the Grand Continent Hotels IPO Lead Manager?
The book-running lead managers (BRLMs) for the Grand Continent Hotels IPO are Indorient Financial Services Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Grand Continent Hotels IPO Red Herring Prospectus (RHP).