The Grand Continent Hotels IPO minimum market lot is 1200 shares with ₹1,35,600 application amount. The Grand Continent Hotels IPO is a SME IPO, and it is to be listed on NSE.
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.
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Grand Continent Hotels IPO Subscription Status – Day 2
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.71 | 0.71 | 0.00 |
| NII | 0.42 | 0.14 | 0.00 |
| RII | 0.18 | 0.43 | 0.00 |
| Total | 0.38 | 0.45 | 0.00 |
Grand Continent Hotels IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Grand Continent Hotels IPO Review and Rating
- May Apply For Long-term View
Grand Continent Hotels IPO Form
How to apply for the Grand Continent Hotels IPO? You can apply for Grand Continent Hotels IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Grand Continent Hotels IPO in the Invest section. The other option is you can apply for Grand Continent Hotels IPO via IPO forms downloaded online. Check out the Grand Continent Hotels forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
