Grand Continent Hotels IPO subscription started on March 20, 2025, and will close on March 24, 2025, as per the schedule. The price band is set at ₹107 to ₹113 per share with a face value of ₹10.
Grand Continent Hotels IPO Subscription Status
Grand Continent Hotels IPO Subscribed over 0.38x on its First day till 5.00 PM on 20th March 2025.
- Grand Continent Hotels IPO subscription QIB investors portion is 0.71 times, while NII subscribed 0.42 times and RII investors subscribed 0.18 times.
- The company has received bids for 16,80,000 shares against 43,86,000 shares on offer on the first day of subscription.
- Grand Continent Hotels IPO subscribed over 0.38x on its First day.
About Grand Continent Hotels Company
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 Indian middle-class guests and business travelers. At the same time, they focus on offering a value-for-money proposition, ensuring that their customer receives quality services with affordability. In October 2010, the promoter of the company first decided to start a hospitality business by building the 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 Financial Report
The company reported revenue of ₹31.53 crore in 2024 against ₹17.05 crore in 2023. The company reported a profit of ₹4.12 crores in 2024 against a profit of ₹1.05 crores in 2023.
Grand Continent Hotels IPO GMP:
Grand Continent Hotels IPO GMP was ₹0 as of Thursday, 20th March 2025. That indicates the IPO is trading at ₹113 with ₹0 premium in the grey market against the issue price of ₹113.
