Bookbuilding IPO | ₹74 Cr | Listed at NSE SME | Thu, Mar 20, 2025 - Mon, Mar 24, 2025
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 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,35,600 (1200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Mar 20, 2025
IPO Close
Mon, Mar 24, 2025
Issue Price
₹113 per share
Market Cap (Pre-IPO)
₹281.59 Cr
| IPO Date | 20 to 24 Mar, 2025 |
| Listed on | Thu, Mar 27, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹107 to ₹113 |
| Issue Price | ₹113 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 65,89,200 shares (agg. up to ₹74 Cr) |
| Reserved for Market Maker | 3,30,000 shares Alacrity Securities Ltd. (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 59,30,400 shares (agg. up to ₹67 Cr) |
| Offer for Sale | 3,28,800 shares of ₹10 (agg. up to ₹4 Cr) |
| Net Offered to Public | 62,59,200 shares (agg. up to ₹71 Cr) |
| Share Holding Pre Issue | 1,86,59,003 shares |
| Share Holding Post Issue | 2,49,19,403 shares |
| NSE Symbol | GCHOTELS |
| ISIN | INE12E301017 |
Grand Continent Hotels IPO comprises a total issue size of 65,89,200 shares. The net offer to the public is 62,47,200 shares, after excluding 3,30,000 shares allotted on a firm basis and 12,000 shares under a preferential allotment. Of the Net offer 31,22,400 (49.98%) are allocated to QIB, 9,37,200 (15.00%) allocated to NII 21,87,600 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 31,22,400 | 49.98% | 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 | 15.00% | 14.22% |
| Retail Shares Offered | 21,87,600 | 35.02% | 33.20% |
| Preferential Reservations | |||
| Employee Shares Offered | 12,000 | 0.18% | |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,30,000 | 5.01% | |
| Total Shares Offered | 65,89,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
Grand Continent Hotels IPO raises ₹21.17 crore from anchor investors. Grand Continent Hotels IPO Anchor bid date is March 19, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Mar 19, 2025 |
| Shares Offered | 18,73,200 |
| Anchor Portion (₹ Cr.) | 21.17 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Apr 24, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Jun 23, 2025 |
| 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 |
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 | 26.00 | -0.42 | -2.64 |
| Total Borrowing | 40.22 | 34.96 | 37.07 | 34.72 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 | 10.37 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 2.21 | 5.47 |
| P/E (x) | 51.24 | 20.67 |
| Promoter Holding | 75.02% | 54.85% |
| Market Cap | ₹281.59 Cr. |
The Grand Continent Hotels IPO is subscribed 1.79 times on March 24, 2025 6:19:59 PM (Day 3). The public issue subscribed 1.32 times in the retail category, 2.93 times in the QIB category, and 1.39 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 2.93 | 12,49,200 | 36,66,000 | 10 |
| NII* | 1.39 | 9,37,200 | 13,00,800 | 225 |
| Retail | 1.32 | 21,87,600 | 28,88,400 | 2,407 |
| Total | 1.79 | 43,86,000 | 78,67,200 | 2,646 |
Total Application : 2,646
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | 0.41 |
| 2 | Underwriting Fees in selling commission & Brokerage | 8.79 |
| 3 | Fees Payable to Registrar to the Offer | 0.02 |
| 4 | Fees Payable Advertising, Marketing Expenses and Publishing Expenses | 0.09 |
| 5 | Fees Payable to Regulators including Stock Exchanges and depositories | 0.11 |
| 6 | Payment for printing & Stationery, Postage etc. | 0.01 |
| 7 | Fees payable to Statutory Auditor, Legal Counsel and Other Professionals | 0.46 |
| 8 | Fees payable to Sponsor Bank and Banker to the Issue | 0.01 |
| 9 | Fees payable to Monitoring Agency | 0.06 |
| 10 | Miscellaneous | 0.04 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹113.00 |
| Open | ₹112.90 |
| Low | ₹107.25 |
| High | ₹112.90 |
| Last Trade | ₹107.25 |
Lead Manager Reports
Grand Continent Hotels IPO is a SME IPO of 65,89,200 equity shares of the face value of ₹10 aggregating up to ₹74 Crores. The issue is priced at ₹113 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Mar 20, 2025, and closes on Mon, Mar 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 Thu, Mar 20, 2025 and closes on Mon, Mar 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 Wed, Mar 26, 2025. Check the Grand Continent Hotels IPO allotment status.
The Grand Continent Hotels IPO listing date is on Thu, Mar 27, 2025.
