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Grand Continent Hotels Limited IPO Details – Price, Date, GMP & Analysis
Listed
SME
Price Range:
Rs.113.00
Issue Size:
Rs.74.46 Cr
Lot Size:
1 shares
Open Date:
March 20
Grand Continent Hotels Limited IPO Overview
Bidding Dates
March 20 - March 24
Min Investment
₹113
Price Range
₹113.00
Issue Size
₹74.46 Cr
IPO DRHP Doc
Company Overview
Grand Continent Hotels Limited, founded in 2011, operates a hotel chain in India catering to the mid-market segment with 19 properties across six major cities. The company focuses on providing value for money and elevating customer experience through straightforward service interactions and modern amenities. As of September 30, 2024, they operate 16 hotels with 753 keys and employ 538 staff members.
IPO Timeline
Opens
Mar 20
Closes
Mar 24
Allotment
Mar 25
Refunds
Mar 26
Shares Credit
Mar 26
Listing
Mar 27
Opens
Mar 20
Closes
Mar 24
Allotment
Mar 25
Refunds
Mar 26
Shares Credit
Mar 26
Listing
Mar 27
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 2.93x | Oversubscribed |
| NII (Non-Institutional Investors/HNI) | 1.39x | Oversubscribed |
| RII (Retail Individual Investors) | 1.32x | Oversubscribed |
| Total Subscription | 1.79x | Oversubscribed |
Last updated: Mar 24, 2025, 06:21 PM
Current GMP:
Rs.1
Est. Listing:
Rs.114
Est. Gain:
+0.9%
Star Rating:
★★★★★(1/5)
Financial Information
Financial Data Table
Detailed breakdown of financial metrics across years
| Financial Metric | 2024 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Assets | ₹73.91 Cr | ₹73.91 Cr | ₹42.26 Cr | ₹34.37 Cr |
| Net Worth | ₹29.99 Cr | ₹29.99 Cr | ₹0.59 Cr | ₹1.63 Cr |
| Profit After Tax | ₹4.12 Cr | ₹4.12 Cr | ₹1.05 Cr | ₹0.79 Cr |
| Reserves and Surplus | ₹26 Cr | ₹26 Cr | ₹0.42 Cr | ₹2.64 Cr |
| Revenue | ₹31.53 Cr | ₹31.53 Cr | ₹17.05 Cr | ₹6.03 Cr |
| Total Borrowing | ₹34.96 Cr | ₹34.96 Cr | ₹37.07 Cr | ₹34.72 Cr |
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Strengths
Competitive advantages and positive aspects
- Premium mid-priced hospitality offering quality service at competitive rates.
- Strategically located properties catering to business and leisure travellers.
- Proven asset management enhancing operational performance and occupancy rates.
- Experienced management team with strong industry expertise.
- Growth in tourism and business travel due to increasing demand.
- Government initiatives supporting tourism development and growth.
IPO Details
Grand Continent Hotels IPO Details
| Face Value | ₹10 per share |
| Fresh Issue | 62,60,400 shares (aggregating up to ₹70.74 Cr) |
| IPO Date | March 20, 2025 to March 24, 2025 |
| Issue Price | ₹113 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Listing Date | March 27, 2025 |
| Lot Size | 1,200 Shares |
| Offer for Sale | 3,28,800 shares of ₹10 (aggregating up to ₹3.72 Cr) |
| Share Holding Post Issue | 2,49,19,403 shares |
| Share Holding Pre Issue | 1,86,59,003 shares |
| Total Issue Size | 65,89,200 shares (aggregating up to ₹74.46 Cr) |
Grand Continent Hotels IPO Reservation
Share Reservation Distribution
Retail
2,187,600 shares (33.2%)
Anchor Investors
1,873,200 shares (28.43%)
QIB
1,249,200 shares (18.96%)
HNI (NII)
937,200 shares (14.22%)
Market Maker
330,000 shares (5.01%)
Grand Continent Hotels IPO Promoter Holding
| Share Holding Post Issue | |
| Share Holding Pre Issue | 75.02% |
Grand Continent Hotels IPO Listing Details
| ₹113 per share |
| GCHOTELS |
| INE12E301017 |
| March 27, 2025 |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹113.00 |
| High | ₹112.90 |
| Last Trade | ₹107.25 |
| Low | ₹107.25 |
| Open | ₹112.90 |
Key Dates
Open Date:March 20
Close Date:March 24
Listing Date:March 27
