Grand Continent Hotels
NSE SME₹135,600 / 1200 Shares
IPO Live Subscription Details (times)
IPO Details
Grand Continent Hotels IPO is priced between ₹107-113 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the NSE SME, and Link Intime India Private Ltd is managing the issue as the registrar.
The IPO bidding period opened on 20 Mar, 2025, and closed on 24 Mar, 2025. The allotment results will be announced on 25 Mar, 2025, with a tentative listing date set for 27 Mar, 2025.
The total issue comprises 65,89,200 shares, amounting to ₹74.46 Cr.
Grand Continent Hotels IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Mar 20, 2025 - Mar 24, 2025 | 27 Mar, 2025 | ₹10 Per Equity Share | ₹107-113 per equity share | - | Shares | - | NSE SME |
Grand Continent Hotels IPO Timeline
Issue Price
₹107-113 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Link Intime India Private LtdMarket Lot
1200 Shares (₹135,600/-)Lead Manager
Indorient Financial Services LtdIssue Size
65,89,200 shares(aggregating up to ₹74.46 Cr)Retail Portion
35%Subscription
1.87 timesGrand Continent Hotels IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sep 24 | 97.94 | 31.86 | 6.81 | 40.18 | 22.36 | 40.22 |
| 31 Mar 24 | 73.91 | 31.53 | 4.12 | 29.99 | 26.0 | 34.96 |
| 31 Mar 23 | 42.26 | 17.05 | 1.05 | 0.59 | -0.42 | 37.07 |
| 31 Mar 22 | 34.37 | 6.03 | -0.79 | -1.63 | -2.64 | 34.72 |
All values are in ₹ Cr.
Grand Continent Hotels IPO Valuations
EPS PRE IPO ₹2.21/- | EPS POST IPO ₹5.47/- | PE PRE IPO 51.24 | PE POST IPO 20.67 | ROE 25.0% |
ROCE 17.0% | DEBT EQUITY 1.13 | RONW 26.67% | PAT MARGIN 13.05 | PRICE TO BOOK VALUE 1.50 |
About Company
Established in 2011, Grand Continent Hotels Limited is an Indian hotel chain. Grand Continent Hotels serves the mid-market segment, and it has 19 hotels across six key cities of India with more than 900 rooms.
The hotels are well-placed in the core business districts, aimed at serving the varied demands of business travelers and tourists alike.
Grand Continent Hotels raises the level of customer experience through simple service interactions, easy-to-use infrastructure, and a focus on value for money delivery. They put emphasis on sustained service levels, availability, and continuously benchmark and refresh services to match changing guest needs.
As of September 30, 2024, the Company and JV Partner Entities own and operate 16 hotels with 753 keys in Karnataka (Bengaluru/Mysuru), Tamil Nadu (Hosur), Goa (Anjuna/Morjim), Andhra Pradesh (Tirupati), and Telangana (Secunderabad).
The firm accommodates Indian middle-class visitors and corporate visitors with value-for-money propositions and differentiated comfortable services.
At the close of September 30 2024, the firm had employees totaling 538 across the firm's different departments.
Grand Continent Hotels IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 12,49,200 / 9,37,200 | 21,87,600 | 43,86,000 |
| Day 1 - 20-03-25 06:00 PM | 0.71 / 0.42 x | 0.19 x | 0.39 x |
| Day 2 - 21-03-25 06:00 PM | 0.71 / 0.14 x | 0.44 x | 0.45 x |
| Day 3 - 24-03-25 06:00 PM | 2.93 / 1.74 x | 1.32 x | 1.87 x |
Grand Continent Hotels IPO - Issue Objectives
- Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the Company
- Expansion of the Hotel properties in India
- General Corporate Purpose
Grand Continent Hotels
S No. 245/1A/1B, Venpursham Village, Veeralapakkam, Thiruporur, Chengalpattu, Mamallapuram, Kanchipuram, Tirukalikundram-603110Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: grandcontinent.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html