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.
