Key Highlights:
- IPO Subscription Period: March 20, 2025 – March 24, 2025
- Issue Price Band: ₹107 to ₹113 per share (Book Built Issue)
- Total Issue Size: ₹74.46 crore (65.89 lakh shares)
- Listing Exchange: NSE SME (Tentative listing on March 27, 2025)
Grand Continent Hotels Limited is launching an IPO worth ₹74.46 crores, consisting of a fresh issue of 62.60 lakh shares (₹70.74 crores) and an offer for sale of 3.29 lakh shares (₹3.72 crores). The IPO subscription period is March 20, 2025, to March 24, 2025, and allotment is expected on March 25, 2025. The shares are tentatively set to be listed on NSE SME on March 27, 2025.
IPO Pricing & Lot Size
The IPO follows a book-built issue format, with a price band of ₹107-₹113 per share. Investors can apply for a minimum lot size of 1,200 shares, requiring an investment of ₹1,28,400 to ₹1,35,600. The minimum investment for high-net-worth individuals (HNIs) is 2 lots (2,400 shares), amounting to ₹2,71,200.
Lead Managers & Market Makers
Indorient Financial Services Ltd is the book-running lead manager, and Link Intime India Private Ltd is the registrar. The market maker for this IPO is Alacrity Securities Ltd.
About Grand Continent Hotels Limited
Founded in 2011, Grand Continent Hotels Limited is a mid-market hotel chain in India, operating 19 properties across six major cities. The company caters to business and leisure travelers, offering over 900 rooms strategically located in urban hubs.
Property Locations (as of September 30, 2024)
- Karnataka: Bengaluru, Mysuru
- Tamil Nadu: Hosur
- Goa: Anjuna, Morjim
- Andhra Pradesh: Tirupati
- Telangana: Secunderabad
Service Offerings
- Well-furnished rooms with air conditioning and workspaces
- On-site dining with multiple cuisine options
- Conference and banquet facilities for business and events
- 24/7 front desk and customer support
- Complimentary Wi-Fi and business services
- Easy accessibility to transport hubs and commercial areas
Competitive Strength
- Strong presence in the mid-priced hospitality segment
- Strategically located properties in key urban areas
- Experienced management team and asset optimization strategies
- Well-positioned to benefit from industry growth trends
Grand Continent Hotels aims to expand its footprint and enhance service offerings using the IPO proceeds.
