Grand Continent Hotels Ltd
Price Range
₹107 - ₹113
Min. Quantity
1,200
Closes on
24 March 2025
Min. investment
₹1,35,600/1,200 Shares
Grand Continent Hotels Ltd IPO Timeline
Grand Continent Hotels Limited was originally incorporated as a Private Limited Company under the Companies Act, 1956 in the name and style of 'Grand Continent Hotels Private Limited' dated November 11, 2011 issued by the RoC, Chennai, Tamil Nadu. Subsequently, Company was converted into Public Limited Company and name of the Company was changed to 'Grand Continent Hotels Limited' and a fresh Certificate of Incorporation dated August 30, 2024 upon conversion to Public Company was issued by RoC, Central Processing Centre.
| Event | Date |
|---|---|
| Grand Continent Hotels Ltd IPO Opening Date | 20 March 2025 |
| Grand Continent Hotels Ltd IPO Closing Date | 24 March 2025 |
| Basis of Allotment | 25 March 2025 |
| Initiation of Refunds | 26 March 2025 |
| Credit of Shares to Demat | 26 March 2025 |
| Grand Continent Hotels Ltd IPO Listing Date | 27 March 2025 |
Grand Continent Hotels Ltd IPO Details
| Grand Continent Hotels Ltd IPO Date | 20 March 2025 to 24 March 2025 |
| Grand Continent Hotels Ltd IPO Face Value | ₹10 per share |
| Grand Continent Hotels Ltd IPO Price | ₹107 to ₹113 per share |
| Grand Continent Hotels Ltd IPO Lot Size | 1,200 |
| Issue Size | Shares of ₹10 (aggregating up to ₹74.46 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹70.74 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹3.72 Cr) |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | Not more than 12,49,200 of the Net Offer |
| Retail Shares Offered | Not less than 21,87,600 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 9,37,200 of the Net Offer |
| Company Promoters | Ramesh Siva, Vidya Ramesh |
Grand Continent Hotels Ltd IPO Lot Size
The Grand Continent Hotels Ltd IPO lot size is 1,200 shares. A retail-individual investor can apply for up to 1 lots (1,200 shares or ₹1,35,600).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,200 | ₹1,35,600 |
| Maximum | 1 | 1,200 | ₹1,35,600 |
- Strengths
- Risks
- Opportunities
- Lowest Entry Cost per Key: Over the years, the Company has perfected its model to set up rooms at the lowest cost in a timely manner, managing approximately 40 to 100 rooms per hotel.
- High Occupancy Rates: The Company collaborates with a wide range of marketing partners and establishes direct relationships with corporate clients, leading to high occupancy rates and reasonable per-room profitability.
- Cost Control on Room Operating Expenses: The Company has developed a unique model to ensure low costs for operating and servicing rooms and restaurants, while maintaining guest comfort and convenience.
Company Financials
Grand Continent Hotels Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 67.31 | 23.15 | 5.81 |
| 03-2023 | 36.25 | 15.32 | 1.84 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment and/or prepayment in full or in part of certain outstanding borrowings availed by the company
- Expansion of its Hotel Properties in India
- General corporate purposes
Grand Continent Hotels Ltd IPO Promoter Holding
| Pre Issue Share Holding | 50.65% |
| Post Issue Share Holding | 36.6% |
Grand Continent Hotels Ltd IPO Subscription Status (Bidding Detail)
The Grand Continent Hotels Ltd IPO is subscribed 1.7382 times on 24 March 2025 05:00:00 PM. The public issue subscribed 1.3204 times in the retail category, 2.9347 times in the QIB category, and 1.7401 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 2.9347 | 1.7401 | 1.3204 | 1 | 1.7382 |
Grand Continent Hotels Ltd IPO Prospectus
Grand Continent Hotels Ltd IPO Listing Date
| Listing Date | 27 March 2025 |
| BSE Script | - |
| NSE Symbol | - |
| Listing In | NSE - SME |
| ISIN | INE12E301017 |
| IPO Price | ₹113 |
| Face Value | ₹10 |
Company Contact Information
S No. 245/1A/1B Venpursham (V)Veeralapakkam Thiruporur,Kanchipuram-603110
Phone: +91 80 4165 6491
Email: cs@grandcontinenthotels.com
Website: https://grandcontinenthotels.com
Grand Continent Hotels Ltd IPO Registrar
Grand Continent Hotels Ltd IPO Lead Manager(s)
- Indorient Financial Services Ltd
FAQ
What is the issue size of Grand Continent Hotels Ltd IPO?
I have pre-applied for Grand Continent Hotels Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.