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Grand Continent Hotels IPO
1.47xsubscribed

Grand Continent Hotels IPO

Hotel
listed
₹1.28LMin. investment

Grand Continent Hotels Limited IPO Details

SectorHotel
Price range₹107 – ₹113
IPO type
SME
Lot size1200 shares
Issue size₹74Cr
Red Herring Prospectus
Read
Market cap
₹281.59CrLower than sector avg
RevenueApr 2023 - Mar 2024
₹31.23CrLower than sector avg
Growth rate3Y CAGR
73.06%Higher than sector avg

Grand Continent Hotels IPO Subscription Status

Date
QIB
NII
Retail
Total
20-Mar-25
0.71 times (X)
0.0 times (X)
0.18 times (X)
0.29 times (X)
21-Mar-25
0.71X
0.0X
0.44X
0.42X
24-Mar-25
2.93X
0.0X
1.27X
1.47X

As on 20-Mar-25, 5:30 PM

Grand Continent Hotels IPO Timeline

  1. Pre-apply
    18 Mar 2025
  2. Bid start
    20 Mar 2025
  3. Bid end
    24 Mar 2025
  4. Allotment
    25 Mar 2025
  5. Release of funds
    26 Mar 2025
  6. Demat transfer
    26 Mar 2025
  7. Listing
    27 Mar 2025

About Grand Continent Hotels Limited

M/s Grand Continent Hotels, founded in 2011 in Bengaluru, operates in the mid-scale hotel sector, focusing on Indian middle-class and business travelers. Its portfolio includes 16 hotels with 753 keys across Karnataka, Tamil Nadu, Goa, Andhra Pradesh, and Telangana. The company offers economy to upper mid-price segments with varying amenities. Bengaluru hosts 10 properties, representing 71% of its operations. The company follows an asset-light model and partners with franchises to enhance marketing. It aims to improve performance, occupancy, and operational efficiency while exploring future growth opportunities.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Objectives of Grand Continent Hotels Limited IPO

Repayment or prepayment of borrowings
48.17%
₹34.08 Cr will be used to repay or prepay certain outstanding borrowings by the company.
Expansion of hotel properties
23.73%
The company will spend ₹16.79 Cr towards the expansion of hotel properties in India.
General corporate purposes
Not assigned
Part of the IPO proceeds will be used for general corporate purposes and strategic initiatives.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹31.23Cr73.06%₹4.11Cr₹281.59Cr44.480.88
This sector (avg.)₹271.36Cr0.01%₹43.44Cr₹3,215.69Cr31.380.70
₹8,334.54Cr---₹1,961.25Cr₹95,960.68Cr56.930.28
₹2,743.15Cr---₹769.9Cr₹19,670.83Cr29.580.06
₹1,717.83Cr---₹142.49Cr₹19,075.26Cr33.010.85

*Revenue for financial year 2023-24. Lower P/E and D/E ratios are generally preferred.

Grand Continent Hotels IPO Contact Details

Company NameGrand Continent Hotels Limited

How to apply for Grand Continent Hotels IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Grand Continent Hotels Limited IPO FAQs