Grand Continent Hotels Limited Link 
Allotment
Grand Continent Hotels IPO is a book-built issue worth ₹74.46 crore, comprising a fresh issue of 0.63 crore shares aggregating to ₹70.74 crore and an offer for sale of 0.03 crore shares totaling ₹3.72 crore.
The IPO opened for subscription on March 20, 2025, and closed on March 24, 2025. The basis of allotment was finalized on March 25, 2025, and the shares were listed on the NSE SME platform on March 27, 2025.
The price band was fixed at ₹113 per share. The lot size for an application was 1,200 shares, requiring a minimum investment of ₹1,35,600 for retail investors at the upper price band. For HNI investors, the minimum application size was two lots (2,400 shares), amounting to ₹2,71,200.
The issue also included 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. acted as the Book Running Lead Manager, MUFG Intime India Pvt. Ltd. served as the Registrar to the Issue, and Alacrity Securities Ltd. was appointed as the Market Maker.
₹113
0%
Open
₹113
HIgh - Low
₹113
Previous Close
₹113
Total Traded Value
0
52 Weeks High
₹113
52 Weeks Low
₹113
Updates On
Mar 15, 2025
IPO. Open
Mar 20, 2026
IPO. Close
Mar 24, 2026
IPO. Price
₹113.00
IPO Market price
₹281.59 Cr
IPO Details
| IPO Date | 27 Mar |
| IPO Listing Date | 27 Mar |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹113.00 |
| IPO Issue Size | 65,89,200 share |
| IPO Sale Type | Fresh Capital & OFS |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | NSE SME Platform |
| Share Holding Pre Issue | 1,86,59,003 shares |
IPO Timeline
| IPO Open Date | 20 Mar |
| IPO Close Date | 24 Mar |
| IPO Allotment (Tentative) | 25 Mar |
| Refunds | 26 Mar |
| Credit to Demat Account | 26 Mar |
| IPO Listing Date | 27 Mar |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 31,22,400 Shares |
| NII (HNI) Shares Offered | 9,37,200 (14.22%) Shares |
| Retail Shares Offered | 21,87,600 Shares |
IPO Lot Size
Investors can apply for a minimum of 1,200 shares, and bids must be made in multiples of 1,200 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,35,600 |
| Retail (Max) | 1 | 1200 | ₹1,35,600 |
| S-HNI (Min) | 2 | 2,400 | ₹2,71,200 |
| S-HNI (Max) | - | - | - |
| B-HNI (Min) | - | - | - |
Founded in 2011, Grand Continent Hotels Limited is an Indian hotel chain catering to the mid-market hospitality segment. The company operates 19 properties across six major Indian cities, offering over 900 rooms designed to meet the needs of both business and leisure travelers.
Each property is strategically located in prime urban areas, ensuring convenient access to commercial hubs and transport facilities. Grand Continent Hotels focuses on delivering a consistent and value-driven guest experience through straightforward service interactions, user-friendly infrastructure, and a strong commitment to value for money. The company continuously benchmarks and upgrades its services to align with evolving guest expectations while maintaining sustained service standards and availability.
As of September 30, 2024, the company, along with its JV partner entities, operated 16 hotels with 753 keys across multiple states, including Karnataka (Bengaluru and Mysuru), Tamil Nadu (Hosur), Goa (Anjuna and Morjim), Andhra Pradesh (Tirupati), and Telangana (Secunderabad).
Grand Continent Hotels primarily serves Indian middle-class guests and business travelers, offering differentiated, comfortable accommodations backed by competitive pricing.
Key Amenities and Services
Each hotel is equipped with modern amenities, including:
Well-appointed rooms with comfortable bedding, air conditioning, and dedicated workspaces
On-site dining facilities offering a range of cuisines
Conference and banquet spaces for corporate meetings and social events
24/7 front desk and customer support
Complimentary Wi-Fi and business services
Easy access to major transport hubs and commercial districts
As of September 30, 2024, the company employed 538 staff members across various operational and support functions.
Competitive Strengths
Premium hospitality offerings in the mid-priced segment
Strategically located properties in prime urban areas
Proven track record of value creation through active asset management
Experienced and professional management team
Strong positioning to benefit from favorable industry tailwinds
Company Financials (Consolidated)
| Assets | 97.94 | 73.91 | 42.26 |
| Total Income | 31.86 | 31.53 | 17.05 |
| Profit After Tax | 6.81 | 4.12 | 1.05 |
| EBITDA | - | - | - |
| NET Worth | 40.18 | 29.99 | 0.59 |
| Reserves and Surplus | 22.36 | 26 | -0.42 |
| Total Borrowing | 40.22 | 34.96 | 37.07 |
Key Performance Indicator (KPI)
| ROE | 25% |
| ROCE | 17% |
| Debt/Equity | 1.13 |
| RoNW | 26.67% |
| PAT Margin | 13.05% |
| EBITDA Margin | - |
| Price to Book Value | 1.5 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | 10.37 |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Grand Continent Hotels Ltd. Address
S No. 245/1A/1B, Venpursham Village,
Veeralapakkam, Thiruporur, Chengalpattu,
Mamallapuram, Tirukalikundram
Kanchipuram, Tamil Nadu, 603110
080 4165 6491
cs@grandcontinenthotels.com
Detail Registrar
IPO Registrar
MUFG Intime India Pvt.Ltd.
+91-22-4918 6270
grandcontinent.ipo@linkintime.co.in
https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Compare:
