Grand Continent Hotels Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹1(0.88%)
Premium (ELP)
Grand Continent Hotels Limited's successfully completed its Initial Public Offering and commenced trading on Mar 27, 2025 at the NSE exchange. The company raised 65,89,200 Shares through this public offering, comprising 62,60,400 Shares in fresh capital and ₹3.72 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹107 to ₹113, with minimum application lots of 1200 shares. The offering attracted significant investor interest during its subscription period from Mar 20, 2025 to Mar 24, 2025.
Share allotment was finalized on Mar 25, 2025, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Grand Continent Hotels Limited, founded in 2011, is a mid-market hotel chain in India with 19 properties across six major cities, offering over 900 rooms. The company provides affordable, comfortable stays tailored to middle-class travelers and business professionals. As of September 30, 2024, Grand Continent Hotels and its JV partners operate 16 hotels with 753 rooms across Karnataka (Bengaluru/Mysuru), Tamil Nadu (Hosur), Goa (Anjuna/Morjim), Andhra Pradesh (Tirupati), and Telangana (Secunderabad). Each hotel is strategically located in key urban areas, featuring well-furnished rooms with cozy bedding, air conditioning, workspaces, and modern amenities like on-site dining, conference and banquet facilities, 24/7 front desk support, free Wi-Fi, and easy access to transport hubs. Dedicated to enhancing guest experiences, the company continuously improves its services to meet evolving expectations. As of September 30, 2024, Grand Continent Hotels Limited employed 538 people across various roles.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Quality at the Right Price – Enjoy top-notch hospitality without breaking the bank, offering comfort and great value.
- Convenient Locations – Our hotels are situated in prime city and business areas for easy access.
- Smart Property Management – Expertise in maximizing property value and running operations smoothly.
- Shares Priced Lower Than Offer – Recently issued shares at a price below the Offer Price, which could influence investor confidence.
- Reliance on Leased Properties – Most properties are leased long-term, and any issues with renewals or agreements could impact operations.
- Legal Risks with Agreements – Some agreements may lack proper stamping or registration, which could lead to legal or financial challenges.
- Mr. Ramesh Siva
- Mrs.Vidya Ramesh
Grand Continent Hotels Limited
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