Grand Continent Hotels IPO Date, Review, Price, Allotment Details

Grand Continent Hotels IPO Details

Grand Continent Hotels IPO Market Lot

The Grand Continent Hotels IPO minimum market lot is 1200 shares with ₹1,35,600 application amount.

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.

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

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.

Peer Group Comparison

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/

Grand Continent Hotels IPO FAQs