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Bidding Date
20-Mar-2025 to
24-Mar-2025
Issue Size
₹74.46 Cr
Price Band
₹107 to ₹113
Allotment date
25-Mar-2025
Listing date
27-Mar-2025
Lot size
1200
No. of shares
65,89,200
Fresh issue/OFS
₹70.74 Cr/₹3.72 Cr
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.
Category
Status
QIBs
--
NIIs
--
Retail
--
Others
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Total
0.5x
| Name | Price Band (Rs) | Bidding Date |
|---|---|---|
| Kenrik | 25 | 29-Apr-2025 to 06-May-2025 |
| Arunaya Organics | 55 - 58 | 29-Apr-2025 to 02-May-2025 |
| Iware Supplychain Services | 95 | 28-Apr-2025 to 30-Apr-2025 |
| Ather Energy | 304 - 321 | 28-Apr-2025 to 30-Apr-2025 |
The issue size of Grand Continent Hotels Ltd is ₹74.46 Cr.
Grand Continent Hotels Ltd falls into Hotels, Resorts & Cruise Lines industry.
The Grand Continent Hotels Ltd IPO will be listed on BSE.
The open and close dates for the Grand Continent Hotels Ltd are 20-Mar-2025 & 24-Mar-2025.
The price band for the Grand Continent Hotels Ltd ipo is ₹107 to ₹113
The listing date of Grand Continent Hotels Ltd IPO is 27-Mar-2025.
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
Grand Continent Hotels Ltd total subscription ratio is 0.5X.
Key financial of the Grand Continent Hotels Ltd are:
| Grand Continent Hotels Ltd | FY-24 | FY-23 | FY-22 |
|---|---|---|---|
| Revenue (₹ Cr) | 31.24 | 16.8 | 6.03 |
| EBIT (₹ Cr) | 8.76 | 5.18 | 1.41 |
| Proft after Tax (₹ Cr) | 4.08 | 1.03 | -0.79 |
| Debt (₹ Cr) | 34.96 | 37.07 | 34.73 |
| Net Worth (₹ Cr) | 29.99 | 0.59 | -1.63 |
| RoE (%) | 13.6 | 174.58 | 0 |
