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Grand Continent Hotels Ltd. IPO
Grand Continent Hotels Ltd., established in 2011, operates in the Hotels, Resorts & Restaurants sector. The company's IPO opened on March 20, 2025 and closed on March 24, 2025, with an issue price of ... Read more
IPO Timeline
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20 Mar 2025Bidding Starts
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24 Mar 2025Bidding Ends
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25 Mar 2025Allotment Finalization
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27 Mar 2025Listing
About Grand Continent Hotels Ltd.
Our Company Grand Continent Hotels Limited operates in the mid-scale hotel sector, consisting of the upper-mid priced, mid-priced and economy hotel segments. We seek to cater to Indian middle-class guests and business travellers and to deliver differentiated yet superior service offerings, with a ... Read more
Grand Continent Hotels Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 18,73,200 (28.43%) |
| Employee Reserved | 12,000 (0.18%) |
| Market Makers | 3,30,000 (5.01%) |
| Non Institutional Investors | 9,37,200 (14.22%) |
| Qualified Institutional Buyers (QIBs) | 12,49,200 (18.96%) |
| Retail Individual Investors (RIIs) | 21,87,600 (33.2%) |
Grand Continent Hotels Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2025 | 60.01 Cr | 10.64 Cr | 81.87 Cr |
| 31 Mar 2024 | 23.15 Cr | 5.81 Cr | 25.24 Cr |
| 31 Mar 2023 | 15.32 Cr | 1.84 Cr | -94.58 Lakh |
Grand Continent Hotels Ltd. Background
Our Company was originally incorporated as a private limited company under the Companies Act, 1956 in the name and style of “Grand Continent Hotels Private Limited” pursuant to certificate of incorporation dated November 11, 2011 issued by the RoC, Chennai, Tamil Nadu bearing ...
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2011Incorporation of our Company
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2016Commencement of operations of first Hotel Grand Continent - Bannerghatta Road with 24 Keys
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2017Commencement of operations of Hotel Grand Continent - Malleswaram with 34 Keys
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2018Acquisition of Land and building at Indira Nagar, Bengaluru
Acquisition of Land and building at Koramangala, Bengaluru, Karnataka, India
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2019Commencement of operations of Hotel Regenta Inn - Indiranagar with 40 Keys under Royal Orchid Brand.
Commencement of operations of Hotel Regenta Inn Grand - 8th Block Koramangala with 40 Keys under Royal Orchid Brand.
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2022Commencement of operations of Hotel Tulip Inn - Ejipura Koramangala with 54 Keys under Sarovar Brand.
Commencement of operations of Hotel Regenta Inn - ORR Mahadevapura with 49 Keys under JV Partner Entity “Grand Continent Hotels – 1” under Royal Orchid Brand.
Commencement of operations of Hotel Regenta Inn - 4th block Koramangala with 25 Keys under Royal Orchid Brand.
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2023Commencement of operations of Hotel Golden Tulip - Tirupati with 88 Keys under JV Partner Entity “Grand Seven Hill Hotels”, under Sarovar Brands, for expansion into spiritual destinations.
Commencement of operations of the following hotels under Sarovar Brands:
a. Hotel Grand Continent – Hosur with 45 Keys; and
b. Hotel Grand Continent - Hebbal Manyata with 48 Keys.
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2024Commencement of operations of Hotel Grand Continent – Secunderabad with 40 Keys under Sarovar Brands.
Ventured into a new location at Anjuna, Goa by establishing Hotel Grand Continent - Anjuna with 44 Keys under Sarovar Brands.
Commencement of operations of the following hotels:
a. Hotel Grand Continent - Mysore with 40 Keys under Sarovar Brands;
b. Hotel Grand Continent – Brookfield with 108 Keys under Sarovar Brands;
c. Hotel Grand Continent – Devanhalli with 36 Keys; and
d. Hotel Grand Continent – Morjim with 38 Keys.
Expanded to 753 keys across 16 hotels located at states viz Karnataka, Goa, Telangana, and Tamil Nadu.
1. Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by our Company
2. Expansion of our Hotel properties in India
3. General Corporate Purpose
| Pricing Details | BSE | NSE |
|---|---|---|
| Issue Price | - | ₹ 113.00 |
| Open | - | ₹ 112.90 |
| Low | - | ₹ 107.25 |
| High | - | ₹ 112.90 |
| Last Trade | - | ₹ 107.25 |
1. Mr. Ramesh Siva
2. Mrs. Vidya Ramesh
India’s mid-scale hotels market generated a revenue of INR 316.3 billion in 2023 and is projected to expand at a CAGR of 9.0% from 2023 to 2029, reaching an estimated revenue of INR 530.1 billion by the end of the forecast period. Mid-Scale Hotels constitute approximately 56.0% of the total ... Read more
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What is the objective of Grand Continent Hotels Ltd. IPO?
2. Expansion of our Hotel properties in India
3. General Corporate Purpose
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article
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