Grand Continent Hotels specializes in the mid-scale hospitality sector, catering to upper-mid, mid-priced, and economy segments. The company is dedicated to serving India’s growing middle-class and business travelers by delivering distinctive, high-quality experiences. By combining exceptional service with affordability, Grand Continent Hotels focuses on providing value-for-money stays that aim to surpass customer expectations.

As of September 30, 2024, the company, along with its joint venture partners, operates 16 hotel properties with a total of 753 keys. These properties are strategically spread across key locations, including Karnataka (Bengaluru), Tamil Nadu (Hosur), Goa (Anjuna), Andhra Pradesh (Tirupati), and Telangana (Secunderabad). The company has a significant presence in Bengaluru, managing 10 hotels with 458 keys as of the same date.

Grand Continent Hotels is launching an SME IPO worth ₹74.46 crores, which will be open for subscription from March 20, 2025, to March 24, 2025. The IPO includes a fresh issue of ₹70.74 crores and an offer for sale of ₹3.72 crores. The face value of the shares is ₹10, with a price band set at ₹107 to ₹113 per share. Investors can apply for a minimum lot of 1,200 shares, amounting to ₹135,600.

Grand Continent Hotels IPO Details

Grand Continent Hotels IPO Dates20 – 24 March 2025
Grand Continent Hotels Issue PriceINR 107 – 113 per share
Fresh issue62,60,400 shares (INR 66.99 – 70.74 crore)
Offer For Sale3,28,800 shares (INR 3.52 – 3.72 crore)
Total IPO size65,89,200 shares (INR 70.50 – 74.46 crore)
Minimum bid (lot size)1,200 shares (INR 1,35,600)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE EMERGE

Grand Continent Hotels IPO Timeline

IPO Opening Date20 March, 2025
IPO Closing Date24 March, 2025
Finalization of Basis of Allotment25 March, 2025
Initiation of refunds26 March, 2025
Transfer of shares to demat accounts26 March, 2025
IPO Listing Date27 March, 2025

Grand Continent Hotels SME IPO Lots

SME IPO ActivityDate
Issue Price₹107.00-113.00
Market Lot:1,200 Shares
1 Lot Amount:₹1,35,600
Min HNI Lots:2400 shares (2 lots) – ₹2,71,200

Grand Continent Hotels: Financial Performance & Growth Analysis

FY 2022FY 2023FY 2024H1 FY 2025
Revenue6.0316.8031.2431.84
Expenses7.6715.1526.0123.86
Net income(0.79)1.034.086.22

Categorized in:

IPO,

Last Update: March 17, 2025