Grand Continent Hotels IPO Details
The Grand Continent Hotels IPO is a book build issue with a total issue size of ₹74.46 cr, comprising of fresh issue of 6260400 equity shares., and a offer for sale of 328800 equity shares. Grand Continent Hotels IPO opened for subscription on Mar 20, 2025 and closed on Mar 24, 2025. Grand Continent Hotels IPO is set price band at ₹107 to ₹113 per share, with a lot size of 1200 shares. Minimum investment for Retail investors was ₹271,200.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Mar 25, 2025, and listed on the NSE on Mar 27, 2025.
MUFG Intime India Private Limited has been appointed as the registrar. Indorient Financial Services Ltd are the Book Running Lead Manager for the issue.
Before investing in the Grand Continent Hotels IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 107 – 113
- Lot Size
- 1200
- Issue Size
- ₹74.46 Cr
- Minimum Investment
- ₹271200 (2400 Shares)
- Listing Date
- 27 March 2025
Current GMP
₹1 (+0.88%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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
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
Book Running Lead Managers
- Indorient Financial Services Ltd
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 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.
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 per share.
Grand Continent Hotels IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹271200 based on the upper price band
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.
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.
Grand Continent Hotels IPO issue size is ₹74.46 crores.
Grand Continent Hotels IPO allotment date is Wed, Jul 1, 2026.
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.
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% over the issue price.