Grand Continent Hotels Limited
100 % Book Building · NSE
- Price band
- ₹107 - ₹113
- Lot size
- 1,200 shares
- Issue amount
- ₹74.46 cr
- Total subscription
- 1.79×
- Opens
- 20 Mar 2025
- Closes
- 24 Mar 2025
- Allotment
- 25 Mar 2025
- Listing
- 27 Mar 2025
Offer at a glance
Issue overview
- Issue size
- 65,89,200 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,28,400
- Fresh issue
- ₹70.74 cr
- Offer for sale
- ₹3.72 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,35,600
- Issue type
- 100 % Book Building
- Shares before issue
- 1,86,59,003
- Shares after issue
- 2,49,19,403
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 1,200 | ₹1,35,600 |
| sHNI | 2 | 2,400 | ₹2,71,200 |
| bHNI | 2 | 2,400 | ₹2,71,200 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 10 |
| NIB | — | 225 |
| RETAIL | — | 2,407 |
| EMPLOYEES | — | 4 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 14.12 | 41.43 |
| RETAIL | 24.72 | 32.64 |
| EMPLOYEES | 0 | 0.14 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 3.74 | 2.54 | 0.7 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 17.74 | 26.67 | -198.1 |
| PRE IPO(PE) | 0 | 51.24 | 0 |
| POST IPO(PE) | 20.67 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Grand Continent Hotels Limited, founded in 2011, is a mid-market hotel chain in India with 19 properties across six major cities, offering over 900 rooms. The company provides affordable, comfortable stays tailored to middle-class travelers and business professionals. As of September 30, 2024, Grand Continent Hotels and its JV partners operate 16 hotels with 753 rooms across Karnataka (Bengaluru/Mysuru), Tamil Nadu (Hosur), Goa (Anjuna/Morjim), Andhra Pradesh (Tirupati), and Telangana (Secunderabad). Each hotel is strategically located in key urban areas, featuring well-furnished rooms with cozy bedding, air conditioning, workspaces, and modern amenities like on-site dining, conference and banquet facilities, 24/7 front desk support, free Wi-Fi, and easy access to transport hubs. Dedicated to enhancing guest experiences, the company continuously improves its services to meet evolving expectations. As of September 30, 2024, Grand Continent Hotels Limited employed 538 people across various roles.
Strengths
- Quality at the Right Price – Enjoy top-notch hospitality without breaking the bank, offering comfort and great value.
- Convenient Locations – Our hotels are situated in prime city and business areas for easy access.
- Smart Property Management – Expertise in maximizing property value and running operations smoothly.
Risk factors
- Shares Priced Lower Than Offer – Recently issued shares at a price below the Offer Price, which could influence investor confidence.
- Reliance on Leased Properties – Most properties are leased long-term, and any issues with renewals or agreements could impact operations.
- Legal Risks with Agreements – Some agreements may lack proper stamping or registration, which could lead to legal or financial challenges.
Promoters
Mr. Ramesh Siva
Mrs.Vidya Ramesh
Registrar & documents
Lead manager
Indorient Financial Services Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
S No. 245/1A/1B, Venpursham Village, Veeralapakkam, Thiruporur, Chengalpattu, Mamallapuram, Kanchipuram, Tirukalikundram-603110
080 4165 6491
[email protected]Company website ↗Understanding GCHOTELS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.