Grand Continent Hotels IPO
ListedGrand Continent Hotels IPO Details
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Bidding Date
20-Mar-2025 to
24-Mar-2025 -
Issue Size
₹74.46 Cr
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Price Band
₹107 to ₹113
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Allotment date
25-Mar-2025
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Listing date
27-Mar-2025
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Lot size
1200
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No. of shares
65,89,200
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Fresh issue/OFS
₹70.74 Cr/₹3.72 Cr
About Grand Continent Hotels Company
Incorporated in 2011, Grand Continent Hotels operates in the mid-scale hotel sector, catering primarily to Indian middle-class guests and business travelers. The company provides a value-for-money hospitality experience with a balance of affordability and comfort. It follows an asset-light model, primarily operating hotels under a direct lease model, with some properties owned outright. Additionally, the company collaborates with major franchise partners, such as Sarovar Hotels Private Limited and Royal Orchid Associated Hotels Limited, to enhance sales and marketing efforts. As of September 30, 2024, Grand Continent has 16 operational hotel properties with a total of 753 hotel keys across multiple states, including Karnataka, Tamil Nadu, Goa, Andhra Pradesh, and Telangana. The company has a strong presence in Bengaluru, with 10 hotels (458 keys), accounting for 61% of its total hotel capacity and contributing 60% of total revenue.
Subscription Status
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Category
Status
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QIBs
--
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NIIs
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Retail
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Others
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Total
0.5x
FAQs for Grand Continent Hotels IPO.
What is the issue size of Grand Continent Hotels IPO?
The issue size of Grand Continent Hotels is ₹74.46 Cr.
What is the industry of Grand Continent Hotels?
Grand Continent Hotels falls into Hotels, Resorts & Cruise Lines industry.
Where Grand Continent Hotels IPO will be listed?
The Grand Continent Hotels IPO will be listed on BSE.
What are the open and close dates for the Grand Continent Hotels IPO?
The open and close dates for the Grand Continent Hotels are 20-Mar-2025 & 24-Mar-2025.
What are the price band for Grand Continent Hotels IPO?
The price band for the Grand Continent Hotels ipo is ₹107 to ₹113
What is the listing date of Grand Continent Hotels IPO?
The listing date of Grand Continent Hotels IPO is 27-Mar-2025.
What is the purpose for the Grand Continent Hotels IPO?
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
How much times Grand Continent Hotels IPO subscribed?
Grand Continent Hotels total subscription ratio is 0.5X.
What are the key financials for the Grand Continent Hotels IPO?
Key financial of the Grand Continent Hotels are:
| Grand Continent Hotels | FY-24 | FY-23 | FY-22 |
|---|---|---|---|
| Revenue (₹ Cr) | 31.24 | 16.8 | 6.03 |
| EBIT (₹ Cr) | 8.78 | 5.21 | 1.43 |
| Proft after Tax (₹ Cr) | 4.12 | 1.05 | -0.79 |
| Debt (₹ Cr) | 33.24 | 37.07 | 34.72 |
| Net Worth (₹ Cr) | 30.94 | 1.6 | -1.63 |
| RoE (%) | 13.3 | 65.5 | 48.58 |