Grand Continent Hotels IPO Details
IPO Open Date: | March 20, 2025 |
IPO Close Date: | March 24, 2025 |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹107 to ₹113 Per Share |
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: | NSE SME |
Retail Quota: | Not more than 35% |
QIB Quota: | Not more than 50% |
NII Quota: | Not more than 15% |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors List: | Click Here |
Grand Continent Hotels IPO Market Lot
The Grand Continent Hotels IPO minimum market lot is 1200 shares with ₹1,35,600 application amount.
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 |
Grand Continent Hotels IPO Dates
The Grand Continent Hotels IPO date is March 20 and the close date is March 24. The Grand Continent Hotels IPO allotment will be finalized on March 25 and the IPO listing on March 27.
IPO Open Date: | March 20, 2025 |
IPO Close Date: | March 24, 2025 |
Basis of Allotment: | March 25, 2025 |
Refunds: | March 26, 2025 |
Credit to Demat Account: | March 26, 2025 |
IPO Listing Date: | March 27, 2025 |
Promoters of Grand Continent Hotels IPO
The promoters of the company are Mr. Ramesh Siva And Mrs. Vidya Ramesh Details Of The Offer To Public.
About Grand Continent Hotels IPO
Grand Continent Hotels, incorporated in 2011, is one of the growing companies in the mid-scale hotel sector business, consisting of the upper-mid, mid-priced, and economy hotel segments. As of September 30, 2024, Grand Continent Hotels, along with JV partner entities, consists of 16 operational hotel properties and operates a total of 753 hotel keys situated throughout Karnataka (Bengaluru), Tamil Nadu (Hosur), Goa (Anjuna), Andhra Pradesh (Tirupati) and Telangana (Secunderabad). The business concentrates on providing unique yet superior quality services to the Indian middle-class guests and business travelers. At the same time, they focus on offering a value-for-money proposition, ensuring that their customer receive quality services with affordability. In October 2010, the promoter of the company first decided to start a hospitality business by building a first hotel, Grand Continent, with 54 rooms, which is now converted, with establishing 10 hotels and a total of 458 hotel rooms in Bengaluru as of September 30, 202,4 indicating building a strong presence in not only domestic but internationally.
Grand Continent Hotels IPO Company Financial Report
The company reported revenue of ₹31.53 crores in 2024 against ₹17.05 crore in 2023. The company reported profit of ₹4.12 crores in 2024 against profit of ₹1.05 crores in 2023.
Amount ₹ in Crores
Period Ended | Revenue | Expense | Profit After Tax | Assets |
2022 | ₹6.03 | ₹7.67 | ₹0.79 | ₹34.37 |
2023 | ₹17.05 | ₹15.15 | ₹1.05 | ₹42.26 |
2024 | ₹31.53 | ₹26.01 | ₹4.12 | ₹73.91 |
September 2024 | ₹31.86 | ₹23.86 | ₹6.81 | ₹97.94 |
Grand Continent Hotels IPO Valuation – FY2024
Check Grand Continent Hotels IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI | Values |
ROE: | 0.25% |
ROCE: | 0.17% |
EBITDA Margin: | 31.58% |
PAT Margin: | 13.05% |
Debt to equity ratio: | 1.13 |
Earning Per Share (EPS): | ₹2.54 (Basic) |
Price/Earning P/E Ratio: | 42.13 |
Return on Net Worth (RoNW): | 26.67% |
Net Asset Value (NAV): | ₹75.17 |
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
Lemon Tree Hotels Limited | 1.88 | 67.79 | 12.28% | 19.52 | – Cr. |
Sayaji Hotels Limited | 8.18 | 32.38 | 7.04% | 90.49 | – Cr. |
Royal Orchids Hotels Limited | 17.68 | 21.99 | 25.09% | 75.88 | – Cr. |
Objects of the Issue
- Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the Company
- Expansion of the Hotel properties in India
- General corporate purposes.
Grand Continent Hotels IPO Review
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Grand Continent Hotels IPO Registrar
MUFG Intime India Private Limited
Phone: +91-22-4918 6270
Email: grandcontinent.ipo@linkintime.co.in
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- Indorient Financial Services Ltd
Company Address
Grand Continent Hotels Limited
S No. 245/1A/1B, Venpursham Village,
Veeralapakkam, Thiruporur, Chengalpattu,
Mamallapuram, Kanchipuram, Tirukalikundram-603110
Phone: 080 4165 6491
Email: cs@grandcontinenthotels.com
Website: https://grandcontinenthotels.com/
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