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Grand Continent Hotels IPO is a book build issue of ₹74.46 crores. The issue is a combination of fresh issue of 0.63 crore shares aggregating to ₹70.74 crores and offer for sale of 0.03 crore shares aggregating to ₹3.72 crores.
Grand Continent Hotels IPO bidding started from Mar 20, 2025 and ended on Mar 24, 2025. The allotment for Grand Continent Hotels IPO was finalized on Mar 25, 2025. The shares got listed on NSE SME on Mar 27, 2025.
Grand Continent Hotels IPO price band is set at ₹113.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,28,400 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,71,200.
The issue includes a reservation of up to 12,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Indorient Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Alacrity Securities Ltd..
Refer to Grand Continent Hotels IPO RHP for detailed Information.
| IPO Date | March 20, 2025 to March 24, 2025 |
| Listing Date | March 27, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹107 to ₹113 per share |
| Issue Price Final | ₹113 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 65,89,200 shares (aggregating up to ₹74.46 Cr) |
| Reserved for Market Maker | 3,30,000 shares Alacrity Securities Ltd. (aggregating up to ₹3.73 Cr) |
| Fresh Issue (Ex Market Maker) | 59,30,400 shares (aggregating up to ₹67.01 Cr) |
| Offer for Sale | 3,28,800 shares of ₹10 (aggregating up to ₹3.72 Cr) |
| Net Offered to Public | 62,59,200 shares (aggregating up to ₹70.73 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,86,59,003 shares |
| Share Holding Post Issue | 2,49,19,403 shares |
Grand Continent Hotels IPO offers total 65,89,200 shares. Out of which 31,22,400 (47.39%) allocated to QIB, 12,49,200 (18.96%) allocated to QIB (Ex- Anchor), 9,37,200 (14.22%) allocated to NII, 21,87,600 (33.20%) allocated to RII and 18,73,200 (28.43%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,30,000 (5.01%) |
| QIB Shares Offered | 31,22,400 (47.39%) |
| − Anchor Investor Shares Offered | 18,73,200 (28.43%) |
| − QIB (Ex. Anchor) Shares Offered | 12,49,200 (18.96%) |
| NII (HNI) Shares Offered | 9,37,200 (14.22%) |
| Retail Shares Offered | 21,87,600 (33.20%) |
| Employee Shares Offered | 12,000 (0.18%) |
| Total Shares Offered | 65,89,200 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only NII | Above Rs 2 Lakhs | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Grand Continent Hotels IPO raises ₹21.17 crore from anchor investors. Grand Continent Hotels IPO Anchor bid date is March 19, 2025. Grand Continent Hotels IPO Anchor Investors list
| Bid Date | March 19, 2025 |
| Shares Offered | 18,73,200 |
| Anchor Portion Size (In Cr.) | 21.17 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 24, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 23, 2025 |
Grand Continent Hotels IPO opens on March 20, 2025, and closes on March 24, 2025.
| IPO Open Date | Thu, Mar 20, 2025 |
| IPO Close Date | Mon, Mar 24, 2025 |
| Tentative Allotment | Tue, Mar 25, 2025 |
| Initiation of Refunds | Wed, Mar 26, 2025 |
| Credit of Shares to Demat | Wed, Mar 26, 2025 |
| Tentative Listing Date | Thu, Mar 27, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Mar 24, 2025 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,35,600 |
| Retail (Max) | 1 | 1,200 | ₹1,35,600 |
| HNI (Min) | 2 | 2,400 | ₹2,71,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Founded in 2011, Grand Continent Hotels Limited is a hotel chain in India. The company caters to the mid-market segment, operating 19 properties across six major Indian cities, offering over 900 rooms.
Each hotel is strategically located in prime urban areas, designed to meet the diverse needs of both business and leisure travelers.
Grand Continent Hotels elevates customer experience by providing straightforward service interactions, user-friendly infrastructure, and a commitment to delivering value for money. They prioritize sustained service levels, availability, and regularly benchmark and update their services to meet evolving guest expectations.
As of September 30, 2024, the company and JV Partner Entities operate 16 hotels with 753 keys across Karnataka (Bengaluru/Mysuru), Tamil Nadu (Hosur), Goa (Anjuna/Morjim), Andhra Pradesh (Tirupati), and Telangana (Secunderabad).
The company serves Indian middle-class guests and business travelers with differentiated, comfortable services and value-for-money propositions.
Each Grand Continent Hotels property is equipped with modern amenities and services, including:
As of September 30 2024, the company had 538 employees in various departments.
Competitive Strength
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 97.94 | 73.91 | 42.26 | 34.37 |
| Total Income | 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 |
| Reserves and Surplus | 22.36 | 26 | -0.42 | -2.64 |
| Total Borrowing | 40.22 | 34.96 | 37.07 | 34.72 |
| Amount in ₹ Crore | ||||
The market capitalization of Grand Continent Hotels IPO is ₹281.59 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 25% |
| ROCE | 17% |
| Debt/Equity | 1.13 |
| RoNW | 26.67% |
| PAT Margin | 13.05% |
| Price to Book Value | 1.50 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.21 | 5.47 |
| P/E (x) | 51.24 | 20.67 |
The Company Grand Continent Hotels IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the Company | 34.08 |
| 2 | Expansion of the Hotel properties in India | 16.79 |
| 3 | General Corporate Purpose |
[Dilip Davda] GCHL is engaged in a mid-scale and upper mid-scale hospitality segment in southern and northern India. Currently, it has 16 properties and 753 keys which will stand enhanced to over 1500 keys in around 35 properties by 2027 with expansion in western and eastern regions. The company has over 50% revenue from corporate bookings and the rest from other class of properties. Based on its recent financial data, the issue appears fully priced. Considering fancy for hospitality segment, investors may park funds for medium to long term. Read detail review...
| Listing Date | March 27, 2025 |
| BSE Script Code | |
| NSE Symbol | GCHOTELS |
| ISIN | INE12E301017 |
| Final Issue Price | ₹113 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹113.00 |
| Open | ₹112.90 |
| Low | ₹107.25 |
| High | ₹112.90 |
| Last Trade | ₹107.25 |
Grand Continent Hotels Ltd.
S No. 245/1A/1B, Venpursham Village,
Veeralapakkam, Thiruporur, Chengalpattu,
Mamallapuram, Tirukalikundram
Kanchipuram, Tamil Nadu, 603110
Phone: 080 4165 6491
Email: cs@grandcontinenthotels.com
Website: https://grandcontinenthotels.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: grandcontinent.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Grand Continent Hotels IPO is a SME IPO of 65,89,200 equity shares of the face value of ₹10 aggregating up to ₹74.46 Crores. The issue is priced at ₹113 per share. The minimum order quantity is 1200.
The IPO opens on March 20, 2025, and closes on March 24, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Grand Continent Hotels IPO using UPI as a payment gateway. Zerodha customers can apply in Grand Continent Hotels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Grand Continent Hotels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Grand Continent Hotels IPO opens on March 20, 2025 and closes on March 24, 2025.
Grand Continent Hotels IPO lot size is 1200, and the minimum amount required for application is ₹1,35,600.
You can apply in Grand Continent Hotels IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Grand Continent Hotels IPO will be done on Tuesday, March 25, 2025, and the allotted shares will be credited to your demat account by Wednesday, March 26, 2025. Check the Grand Continent Hotels IPO allotment status.
The Grand Continent Hotels IPO listing date is on Thursday, March 27, 2025.
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