March 17, 2025
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What was the last grey market premium of Grand Continent Hotels IPO?
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Subscription status of Grand Continent Hotels IPO
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Grand Continent Hotels IPO Price Rs. 113 Lot 1200 shares, Rs. Crore |
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| QIB | NII x | RII x | Total x | Applications |
| Amount wise bids recd. Rs. ? Crore | ||||
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Grand Continent Hotels Allotment Link:
What is the business of Grand Continent Hotels?
Founded in 2011, Grand Continent Hotels Limited is a prominent hotel chain in India, catering to the growing mid-market segment. With 19 strategically located properties across six major Indian cities, the company offers over 900 rooms, each designed to cater to the diverse needs of both business and leisure travelers.
Key Offerings: Grand Continent Hotels stands out by delivering a seamless customer experience, offering straightforward service interactions, user-friendly infrastructure, and a strong commitment to value-for-money propositions. The company emphasizes consistent service quality, availability, and the continuous enhancement of its offerings to meet evolving guest expectations.
Current Operations: As of September 30, 2024, Grand Continent Hotels, along with its joint venture partners, operates 16 hotels, providing 753 rooms (keys) across key locations, including:
- Karnataka: Bengaluru and Mysuru
- Tamil Nadu: Hosur
- Goa: Anjuna and Morjim
- Andhra Pradesh: Tirupati
- Telangana: Secunderabad
Target Market: Grand Continent Hotels primarily serves the Indian middle class and business travelers, offering differentiated and comfortable services tailored to their needs. The brand is dedicated to providing value-driven hospitality with a focus on delivering memorable stays at competitive prices.
Modern Amenities: Each hotel under the Grand Continent brand is equipped with modern amenities, ensuring guests enjoy a comfortable and convenient stay with a focus on quality, reliability, and customer satisfaction.
Get more information about the company @
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Grand Continent Hotels IPO Details |
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| IPO opens on | 20 March 2025 |
| IPO closes on | 24 March 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 6589200 Shares / Rs 74.46 Crore |
| * Fresh Issue | 6260400 Shares / Rs 70.74 Crore |
| * Offer for Sale – | 328800 shares / Rs.3.72 crore |
| Market Maker Portion | 330000 Shares |
| Net offer to Public | 6259200 Shares/ Rs 70.73 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 107-113 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (0%) | 3129600 | 35.36 |
| HNI (50%) | 938880 | 10.61 |
| RII (50%) | 2190720 | 24.76 |
| Total Shares | 6259200 | 70.73 |
| Retail portion will be oversubscribed by |
1826 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1200 Shares | Rs.135600 |
| Min HNI Application | 2400 Shares | Rs. 271200 |
Who are the Promoters of Grand Continent Hotels?
The promoters of the Company are
What are the Objects of Grand Continent Hotels IPO?
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects:
1.Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the Company
2.Expansion of the Hotel properties in India
3.General Corporate purposes
Tentative timetable |
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| IPO opens on | 20 March 2025 |
| IPO Closes on | 24 March 2025 |
| IPO Allotment on | 25 March 2025 |
| Refund Initiation | 26 March 2025 |
| Credit of Shares | 26 March 2025 |
| Listing on | 27 March 2025 |
| Registered Office of the Company Grand Continent Hotels Limited S No. 245/1A/1B, Venpursham Village, Veeralapakkam, Thiruporur, Chengalpattu, Mamallapuram, Kanchipuram, Tirukalikundram-603110 |
| Who is the Lead Manager of this IPO? Indoreint Financial Services Pvt Ltd |
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Who is the Registrar to IPO? Link Intime India Ltd |
Grand Continent Hotels IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Grand Continent Hotels IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 6.03 | -0.79 | – | – |
| 2022-23 | 17.05 | 1.05 | – | – |
| 2023-24 | 31.53 | 4.12 | 2.21 | 26.67 |
| Book Value of the Share on 31.03.2024 |
– | |||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 113 | ||
Key Performance
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| Price/EPS of 23-24 | 51.24 |
| Price/BV Ratio | 1.50 |
| Debt/Equity Ratio | 1.13 |
How Grand Continent Hotels IPO compares with the Peers?
| As per RHP | FV | Price to | PE |
| Book Value | Ratio | ||
| Grand Continent Hotels | 1.51 | 51.24 | |
| Lemon Tree Hotels | 6.84 | 67.79 | |
| Sayaji Hotels | 3.19 | 32.38 | |
| Roayl Orchid Hotels | 21.99 | ||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Grand Continent Hotels IPO Review by Paresh Gordhandas, CA & Research Analyst.
The company caters to the mid-market segment, operating 19 properties across six major Indian cities, offering over 900 rooms. In spite of such large chain, its total income and net profits were insignificant during 20221-22 and then suddenly, they surged during 2023-24, a prior to the IPO. The offer price is high as compared to that of Sayaji hotels and Royal Orchid Hotels
+ from fundamental angle: So-So
+ from grey market angle: So-So
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