Grand Continent Hotels IPO is scheduled to start on March 20, 2025, and will close on March 24, 2025. The IPO allotment is expected to be finalized on March 25, 2025, with a tentative listing date set for March 27, 2025, on the NSE SME platform.
This book-built issue aims to raise approximately ₹74.46 crores through a fresh issue of 62.60 lakh equity shares worth ₹70.74 crores and an offer for sale (OFS) of 3.29 lakh shares totaling ₹3.72 crores.
The IPO has been structured with a price band of ₹107 to ₹113 per share. Investors can apply for a minimum lot size of 1,200 shares, requiring an investment of ₹1,28,400 at the lower price band and ₹1,35,600 at the upper price band. High Net-worth Investors (HNI) must apply for a minimum of 2 lots (2,400 shares), amounting to ₹2,71,200. The retail investor quota is 35%, Qualified Institutional Buyers (QIB) are allocated 50%, and HNIs have 15%.
Overview of Contents
About Grand Continent Hotels IPO
Grand Continent Hotels Limited, founded in 2011 by hospitality veteran Ramesh Shiva, is a leading mid-market hotel chain in India. The company operates 19 properties across six major cities, offering over 900 rooms strategically located in prime urban areas to cater to both business and leisure travelers.
As of September 30, 2024, the company and its JV partners manage 16 hotels with 753 keys across Karnataka, Tamil Nadu, Goa, Andhra Pradesh, and Telangana. Grand Continent Hotels focuses on providing value-for-money accommodations with modern amenities, including well-furnished rooms, on-site dining, business facilities, 24/7 customer support, and easy accessibility to transport hubs.
With 538 employees, the company maintains high service standards and consistently upgrades its offerings. Its competitive strengths include premium hospitality in the mid-priced segment, strategic property locations, an experienced management team, and a strong track record in asset management. Positioned to benefit from India’s growing hospitality sector, Grand Continent Hotels presents an attractive investment opportunity.
Grand Continent Hotels IPO Prospectus
| DRHP | Click here |
| RHP | Click here |
Grand Continent Hotels IPO Overview
| IPO Key Points | Details |
|---|---|
| IPO Date | March 20, 2025 – March 24, 2025 |
| Listing Date | March 27, 2025 (Tentative) |
| Issue Type | Book Built Issue IPO |
| Listing Exchange | NSE SME (Emerge) |
| Issue Price Band | ₹107 – ₹113 per share |
| Face Value | ₹10 per share |
| Lot Size (Minimum Bid) | 1,200 shares |
| Retail Investment (Min) | ₹1,28,400 – ₹1,35,600 (1 lot) |
| HNI Investment (Min) | 2,400 shares (₹2,71,200) |
| Total IPO Size | 65,89,200 shares (₹70.50 – ₹74.46 Cr) |
| Fresh Issue | 62,60,400 shares (₹66.99 – ₹70.74 Cr) |
| Offer for Sale (OFS) | 3,28,800 shares (₹3.52 – ₹3.72 Cr) |
| Market Maker Portion | 3,30,000 shares |
| Pre-Issue Shareholding | 1,86,59,003 shares |
| Post-Issue Shareholding | 2,49,19,403 shares |
| Retail Allocation | 35% |
Grand Continent Hotels IPO Dates
| Event | Date |
|---|---|
| IPO Opening Date | Thursday, March 20, 2025 |
| IPO Closing Date | Monday, March 24, 2025 |
| UPI Mandate Deadline | March 24, 2025 (5 PM) |
| Basis of Allotment Finalization | Tuesday, March 25, 2025 |
| Refund Initiation | Wednesday, March 26, 2025 |
| Shares Credited to Demat | Wednesday, March 26, 2025 |
| Expected Listing Date | Thursday, March 27, 2025 |
Grand Continent Hotels IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,35,600 |
| Retail (Max) | 1 | 1200 | ₹1,35,600 |
| HNI (Min) | 2 | 2,400 | ₹2,71,200 |
Grand Continent Hotels IPO Category Reservation & Bidding Limits
| Investor Category | Investment Limit | Cut-off Price Bidding Allowed? |
|---|---|---|
| Retail Individual Investor (RII) | Up to ₹2 Lakhs | ✅ Yes |
| Non-Institutional Investor (NII) | Above ₹2 Lakhs | ❌ No |
| Employees | Up to ₹5 Lakhs (Discount may apply for bids up to ₹2 Lakhs) | ✅ Yes |
| Employees + RII/NII | - Employee: Up to ₹5 Lakhs - RII: Up to ₹2 Lakhs - NII: Above ₹2 Lakhs | ✅ Yes (For Employee & RII/NII separately) |
Grand Continent Hotels IPO Fund Utilization
1️⃣ Debt Repayment – ₹340.81 Crores for repayment/prepayment of outstanding borrowings.
2️⃣ Hotel Expansion – ₹167.92 Crores allocated for expanding hotel properties across India.
3️⃣ General Corporate Purposes – Remaining funds will be used for business growth and operational
Grand Continent Hotels IPO Valuation
| Key Metrics | Values |
|---|---|
| Return on Equity (ROE) | 0.25% |
| Return on Capital Employed (ROCE) | 0.17% |
| EBITDA Margin | 31.58% |
| Profit After Tax (PAT) Margin | 13.05% |
| Debt-to-Equity Ratio | 1.13 |
| Earnings Per Share (EPS) | ₹2.54 (Basic) |
| Price-to-Earnings (P/E) Ratio | 42.13 |
| Return on Net Worth (RoNW) | 26.67% |
| Net Asset Value (NAV) | ₹75.17 |
Grand Continent Hotels IPO Financial Overview
| Financial Metrics | Sep 30, 2024 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
|---|---|---|---|---|
| Total Assets | ₹97.94 Cr | ₹73.91 Cr | ₹42.26 Cr | ₹34.37 Cr |
| Total Revenue | ₹31.86 Cr | ₹31.53 Cr | ₹17.05 Cr | ₹6.03 Cr |
| Net Profit (PAT) | ₹6.81 Cr | ₹4.12 Cr | ₹1.05 Cr | ₹(-0.79) Cr |
| Shareholder Equity | ₹40.18 Cr | ₹29.99 Cr | ₹0.59 Cr | ₹(-1.63) Cr |
| Reserves & Surplus | ₹22.36 Cr | ₹26.00 Cr | ₹(-0.42) Cr | ₹(-2.64) Cr |
| Total Debt | ₹40.22 Cr | ₹34.96 Cr | ₹37.07 Cr | ₹34.72 Cr |
Grand Continent Hotels IPO – Peer Comparison
| Company | EPS (₹) | NAV per Share (₹) | P/E Ratio | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|
| Grand Continent Hotels Ltd | 2.54 | 75.17 | 26.67 | N/A | 1.51 |
| Lemon Tree Hotels Ltd | 1.88 | 19.52 | 67.79 | 12.28 | 6.84 |
| Sayaji Hotels Ltd | 8.18 | 90.49 | 32.38 | 7.04 | 3.19 |
| Royal Orchid Hotels Ltd | 17.68 | 75.88 | 21.99 | 25.09 | N/A |
Grand Continent Hotels IPO Review
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Grand Continent Hotels Limited – Contact Details
📍 Address:
S No. 245/1A/1B, Venpursham Village,
Veeralapakkam, Thiruporur, Chengalpattu,
Mamallapuram, Kanchipuram, Tirukalikundram-603110
📞 Phone: 080 4165 6491
✉️ Email: [email protected]
🌐 Website: grandcontinenthotels.com
Grand Continent Hotels IPO Registrar – Link Intime India Private Ltd
📞 Phone: +91-22-4918 6270
✉️ Email: [email protected]
🌐 Website: Link Intime IPO
FAQs – Grand Continent Hotels IPO
What is Grand Continent Hotels IPO?
Grand Continent Hotels IPO is an SME IPO aiming to raise ₹74.46 crores. The price band is ₹107 to ₹113 per share, and the IPO will be listed on NSE SME.
When will Grand Continent Hotels IPO open for subscription?
The IPO will open on March 20, 2025, and close on March 24, 2025, for QIB, NII, and retail investors.
What is the investors’ portion for Grand Continent Hotels IPO?
The IPO allocation is 35% for Retail Investors, 15% for Non-Institutional Investors (NII), and 50% for Qualified Institutional Buyers (QIBs).
How to apply for Grand Continent Hotels IPO?
Investors can apply via ASBA online through their bank account or UPI through stock brokers. Offline applications can also be submitted via stock brokers.
What is the issue size of Grand Continent Hotels IPO?
The total issue size of the Grand Continent Hotels IPO is ₹74.46 crores, with 62.60 lakh shares as a fresh issue and 3.28 lakh shares as an offer for sale.