GRAND CONTINENT HOTELS LIMITED

20 Mar 2025 - 24 Mar 2025 Individual Category SME NSE

Min Investment

₹135600

Price Band

₹107-₹113

Issue Size

47.16 lakhs
Equity Shares

Lot Size

1200

IPO Dates
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20 Mar 2025

Open Date

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24 Mar 2025

Close Date

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25 Mar 2025

Allotment Date

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27 Mar 2025

Listing Date

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 consists of a fresh issue of 62.6 lakh equity shares and an offer for sale of 3.29 lakh equity shares aggregating to total issue size of 65.89 lakh equity shares.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.

Know Before Investing

Strengths icon

  • Strong track record in managing assets effectively.
  • Well-established in key urban areas.
  • Well-positioned to benefit from rising hospitality demand.

Weaknesses icon

  • Limited presence in diverse locations.
  • Potential operational challenges from joint ventures.
  • Faces strong competition from major hotel brands.

About Grand Continent Hotels Limited

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.

Founded

2011

Managing Director

Ramesh Siva

Parent Organization

IPO Objectives

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.

Company Promoters

Ramesh Siva

Vidya Ramesh

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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IPO Allotment

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