Grand Continent Hotels Limited IPO (Grand Continent Hotels IPO) Detail
Grand Continent Hotels IPO is a bookbuilding of Rs 74.46 crores. The issue is a combination of fresh issue of 62.60 lakh shares aggregating to Rs 70.74 crores and offer for sale of 3.29 lakh shares aggregating to Rs 3.72 crores.
Grand Continent Hotels IPO bidding started from March 20, 2025 and ended on March 24, 2025. The allotment for Grand Continent Hotels IPO was finalized on Tuesday, March 25, 2025. The shares got listed on NSE SME on March 27, 2025.
Grand Continent Hotels IPO price band is set at ₹113 per share. The minimum lot size for an application is 1200. The minimum amount of investment required by retail investors is ₹1,28,400. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,35,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹2,71,200.
Indorient Financial Services Ltd is the book-running lead manager of the Grand Continent Hotels IPO, while Link Intime India Private Ltd is the registrar for the issue.The market maker for Grand Continent Hotels IPO is Alacrity Securities Ltd..
Refer to Grand Continent Hotels IPO RHP for detailed information.
Grand Continent Hotels IPO Details
| IPO Date | March 20, 2025 to March 24, 2025 |
| Listing Date | March 27, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹113 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 65,89,200 shares (aggregating up to ₹74.46 Cr) |
| Fresh Issue | 62,60,400 shares (aggregating up to ₹70.74 Cr) |
| Offer for Sale | 3,28,800 shares of ₹10 (aggregating up to ₹3.72 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 |
| Market Maker Portion | 3,30,000 shares Alacrity Securities Ltd. |
Grand Continent Hotels IPO Reservation
Grand Continent Hotels IPO offers total 65,89,200 shares. Out of which 12,49,200 (18.96%) allocated to QIB, 9,37,200 (14.22%) allocated to NII, 21,87,600 (33.2%) allocated to RII and 18,73,200 (28.43%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 18,73,200 (28.43%) |
| Market Maker Shares Offered | 3,30,000 (5.01%) |
| QIB Shares Offered | 12,49,200 (18.96%) |
| NII (HNI) Shares Offered | 9,37,200 (14.22%) |
| Retail Shares Offered | 21,87,600 (33.2%) |
| Total Shares Offered | 65,89,200 (100%) |
Category Reservation Detail Table
| 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 |
- Employee limit: Up to Rs 5 Lakhs (In certain cases, employees are given discount if bidding amount is upto Rs. 2 lakhs)
- If applying as RII: Upto Rs. 2 lakhs
- If applying as NII: Above Rs. 2 lakhs
Grand Continent Hotels IPO Anchor Investors Details
Grand Continent Hotels IPO raises Rs 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 Timeline (Tentative Schedule)
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 March 24, 2025 |
Grand Continent Hotels IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,35,600 |
| Retail (Max) | 1 | 1200 | ₹1,35,600 |
| HNI (Min) | 2 | 2,400 | ₹2,71,200 |
| Lot Size Calculator | |||
Grand Continent Hotels IPO Promoter Holding
| Share Holding Pre Issue | 75.02% |
| Share Holding Post Issue |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Grand Continent Hotels Limited
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:
- Well-furnished rooms with comfortable bedding, air conditioning, and workspaces
- On-site dining options serving a variety of cuisines
- Conference and banquet facilities for business meetings and events
- 24/7 front desk and customer support.
- Complimentary Wi-Fi and business services.
- Easy accessibility to transport hubs and commercial areas.
As of September 30 2024, the company had 538 employees in various departments.
Competitive Strength
- Premium hospitality offerings in the mid-priced segment.
- Strategically located properties at prime areas.
- Proven track record of adding value through active asset management.
- Professional and experienced management team.
- Well-positioned to benefit from strong industry tailwinds.
Company Financials
Grand Continent Hotels Limited Financial Information (Restated Consolidated)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 97.94 | 73.91 | 42.26 | 34.37 |
| Revenue | 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 | ||||
Key Performance Indicator (KPI)
The market capitalization of Grand Continent Hotels IPO is Rs 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 Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.
Objects of the Issue (Grand Continent Hotels IPO Objectives)
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 Millions) |
|---|---|---|
| 1 | Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the Company | 340.81 |
| 2 | Expansion of the Hotel properties in India | 167.92 |
| 3 | General Corporate Purpose |
Grand Continent Hotels IPO Review (Apply)
[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…
Grand Continent Hotels IPO Subscription Status (Bidding Detail)
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.
Grand Continent Hotels IPO Prospectus
Grand Continent Hotels IPO Listing Details
| Listing Date | March 27, 2025 |
| BSE Script Code | |
| NSE Symbol | GCHOTELS |
| ISIN | INE12E301017 |
| Final Issue Price | ₹113 per share |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹113.00 |
| Open | ₹112.90 |
| Low | ₹107.25 |
| High | ₹112.90 |
| Last Trade | ₹107.25 |
Check IPO Performance…
Grand Continent Hotels Limited Contact Details
Grand Continent Hotels Limited
S No. 245/1A/1B, Venpursham Village,
Veeralapakkam, Thiruporur, Chengalpattu,
Mamallapuram, Kanchipuram, Tirukalikundram-603110
Phone: 080 4165 6491
Email: cs@grandcontinenthotels.com
Website: https://grandcontinenthotels.com/
Grand Continent Hotels IPO Registrar
Link 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
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