Established in 2011, Grand Continent Hotels Limited is a prominent hotel chain in India, focusing on the mid-market segment. The company operates 19 properties across six major Indian cities, offering more than 900 rooms. Each hotel is strategically situated in prime urban locations, catering to the varied needs of both business and leisure travelers.
Grand Continent Hotels enhances the guest experience by offering simple service interactions, easy-to-navigate infrastructure, and a strong emphasis on delivering value for money. The company is dedicated to maintaining consistent service standards, ensuring availability, and regularly updating its offerings to align with changing guest expectations.
As of September 30, 2024, the company, along with its Joint Venture Partner Entities, manages 16 hotels with 753 keys across Karnataka (Bengaluru/Mysuru), Tamil Nadu (Hosur), Goa (Anjuna/Morjim), Andhra Pradesh (Tirupati), and Telangana (Secunderabad). Grand Continent Hotels primarily serves middle-class Indian guests and business travelers, providing comfortable, differentiated services at affordable prices.
The Grand Continent Hotels IPO is a book-built issue totaling Rs. 74.46 crores. This includes a fresh issue of 62.60 lakh shares amounting to Rs. 70.74 crores and an offer for sale of 3.29 lakh shares aggregating to Rs. 3.72 crores. The IPO subscription window opens on March 20, 2025, and closes on March 24, 2025. The share allotment is expected to be finalized by Tuesday, March 25, 2025. The IPO is set to list on the NSE SME platform, with a tentative listing date of Thursday, March 27, 2025.
The price band for the Grand Continent Hotels IPO is fixed at ₹107 to ₹113 per share. The minimum lot size for retail investors is 1,200 shares, requiring an investment of ₹1,28,400. For High Net Worth Individuals (HNIs), the minimum investment is 2 lots (2,400 shares), amounting to ₹2,71,200.
Grand Continent Hotels IPO Details
| IPO Date | March 20, 2025 to March 24, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹107 to ₹113 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | Approx ₹74.46 Crores |
| Fresh Issue | Approx ₹70.74 Crores |
| Offer for Sale | Approx 3,28,800 Equity Shares |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,86,59,003 shares |
| Share Holding Post Issue | 2,49,19,403 shares |
Grand Continent Hotels IPO Dates
The Grand Continent Hotels IPO subscription period begins on March 20, 2025, and concludes on March 24, 2025.
| IPO Open Date | Thu, Mar 20, 2025 |
| IPO Close Date | Mon, Mar 24, 2025 |
| Tentative Allotment | Tue, Mar 25, 2025 |
| Refunds | Wed, Mar 26, 2025 |
| Credit of Shares to Demat | Wed, Mar 26, 2025 |
| IPO Listing Date | Thu, Mar 27, 2025 |
| UPI Mandate Confirmation Deadline | 5 PM on March 24, 2025 |
Grand Continent Hotels IPO Market Lot
The minimum market lot for the Grand Continent Hotels IPO is set at 1,200 shares, requiring an application amount of ₹1,35,600.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹1,35,600 |
| Retail Maximum | 1 | 1200 | ₹1,35,600 |
| S-HNI Minimum | 2 | 2400 | ₹2,71,200 |
