Grand Continent Hotels IPO GMP Live, Open Date, Close Date, Price Band

Grand Continent Hotel IPO's open date is March 20, 2025 and the closing date of the IPO is March 24, 2025. The IPO is a book-built issue worth up to Rs 74.46 crores. The upcoming Grand Continent Hotel IPO also consists of a fresh issue of 62.6 lakh equity shares amounting to Rs 70.74 crores and an offer for sale of 3.29 lakh equity shares worth around Rs 3.72 crores.

The price band of Grand Continent Hotels IPO is set between Rs 107 to Rs 113 per share. Currently the IPO live GMP of the Grand Continent Hotels is at 0, reflecting neutral sentiment amount among investors.

The current IPO lot size of the Grand Hotel IPO is 1200 shares, with the allotment status is to be finalised on March 25, 2025. For retail investors, the minimum investment required is Rs 1,28,400 for the lower price band and Rs 1,35,600 for the upper price band. The registrar of the Grand Continent  Hotels IPO is Link Intime India Private Limited.

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Grand Continent Hotels IPO GMP

The Grand Continent Hotels IPO GMP quotation has not yet started, as the IPO opening date is scheduled for March 20, 2025. Investors will be able to track the grey market premium (GMP) once trading activity begins. A strong GMP quotation could indicate high demand among retail investors. After the IPO issue date, a reliable GMP quote will be available.

Grand Continent Hotels IPO Open Date, Close Date

The IPO open date of the Grand Continent Hotel is on March 20, 2025, and will close on March 24, 2025. The subscription status is expected to be finalised on March 25, 2025. Meanwhile the tentative data for the listing of the share will be on March 27, 2025

Grand Continent Hotels IPO Price Band

The issue price for the Grand Continent Hotels IPO  is set between Rs 107 and Rs 113 per share. Retail investors require a minimum investment of Rs 1,28,400 for a lot size of 1200 shares. Meanwhile, the High Net worth Individuals ( HNI) need to apply for two lots (2400 shares) with a minimum investment of Rs 2,71,200

Grand Continent Hotels IPO Issue Size

Grand Continent Hotels IPO is a book-built issue worth Rs 74.46 crores. Grand Continent Hotel's IPO includes a new issue of 62.6 lakh shares, which is worth Rs 70.74 crore. It also has an offer for sell which is worth Rs3.72 crore with total shares of 3.29 lakhs. The overall IPO is a mixture of new issuance as well as an offer of sales.

Grand Continent Hotels IPO Allotment Status

Grand Continent Hotel IPO allotment status is expected to be available on March 25, 2025. The shares of the company will be listed on NSE SME. Meanwhile, investors can see their allotment after the subscription period ends on the registrar website, Link Intime Private LTD.

Grand Continent Hotels IPO Listing Date

Grand Continent Hotels IPO is expected to be listed on March 27, 2025. The listing will take place on NSE SME. Retail investors can sell their allotted shares after 10 AM on the listing day.

Grand Continent Hotels IPO: Listing Date, Lot Size, Issue Size, Price Band

Grand Continent Hotels Limited: About The Company 

Grand Continent Hotels Limited is a hotel chain in India founded in 2011. The company caters to the mid-market segment while operating across 19 properties across six major Indian cities.

Grand Continent Hotels helps to elevate customer experience by providing user-friendly infrastructure and a commitment to deliver value for money. They help to prioritise sustained service to meet the evolving guest expectations.

The company is doing an IPO to expand its hotels across all over India and increase customer satisfaction.

Grand Continent Hotel IPO Objective 

The IPO objective of the Grand Continent Hotel is for several things and one of which is to allocate Rs 34.08 cr for the repayment of certain outstanding company borrowing. Meanwhile the other objective of the IPO is for expansion of the hotel properties across India.

Grand Continent Hotels IPO: Key Dates, Allotment, Listing Date

Grand Continent Hotels IPO Lot Size Details

The lot size of the IPO of Grand Continent hotel is set at 1200 shares per lot. For the retail investors to particapte the minimum investment required is Rs 1,28,400 (Rs 107 x 1200 shares). Meanwhile for the HNI category, the minimum investment required to particpate in the IPO is Rs 2,71,200( ( Rs 113x 2400 shares)

Grand Continent Hotels IPO Promoter Holdings

Mr Ramesh Siva and Mrs Vidya Ramesh are the promoters of the Grand Continent Hotels. The current holding of the promoters currently stands at 75.02%. After the IPO, their shareholdings will decline to increase public participation in the company.

Grand Continent Hotels Limited Financials 

Lead Manager and Registrar of Grand Continent Hotels IPO

Grand Continent Hotels' lead manager is Indorient Financial Services Ltd. The company has appointed Link Intime India Private Ltd as the registrar for this public issue

How to Apply for the Grand Continent Hotels IPO?

Anyone intrested in the IPO of Grand Continent Hotels can apply through the website of Bigul or via the Bigul trading app. Investors can also check the details of the upcoming IPO on the Bigul platform

Grand Continent Hotels IPO FAQs

1. What are the core details of the Grand Continent Hotels IPO?

Grand Continent Hotels IPO is a book-built issue worth Rs 74.46 crores. The price band for this IPO is set between Rs 107 and Rs113 per share. The IPO consists of a fresh issue of 62.60 lakh shares (Rs 70.74 crores) and an offer for sale of 3.29 lakh shares (Rs3.72 crores).

2. What is the Grand Continent Hotels IPO open date and close date?

Grand Continent Hotels IPO opens for subscription on March 20, 2025, and closes on March 24, 2025.

3. What is the Grand Continent Hotels IPO GMP Live?

As of now, the Grand Continent Hotels IPO GMP is at Rs 0, indicating a neutral sentiment among investors. The listing price is expected to be close to the allotment price, which is between Rs 107 and Rs113 per share. Investors can check the latest IPO Grey Market Premium (GMP) online.

4. How do you check the IPO Allotment status?

Grand Continent Hotels IPO Allotment status will be available on its registrar's website, Link Intime India Private Ltd. Once the IPO subscription period ends, investors who applied for the IPO can check their allotment status on the registrar's portal.

5. Who are the registrar and lead managers of the Grand Continent Hotels IPO?

Grand Continent Hotels' lead manager is Indorient Financial Services Ltd and the registrar for the IPO is Link Intime India Private Ltd.

Also Read:

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• What is IPO GMP?
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• Difference between SME IPO and Mainline IPO?