Click it and Unblock the Notifications
Grand Continent Hotels Ltd. IPO
IPO Timeline
-
20 Mar 2025Bidding Starts
-
24 Mar 2025Bidding Ends
-
25 Mar 2025Allotment Finalization
-
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 value-for-money proposition. Our Company has 16 operational hotels and operates a total of 753 keys as of September 30,2024 across states of Karnataka (Bengaluru), Tamil Nadu (Hosur), Goa (Anjuna), Andhra Pradesh (Tirupati) and Telengana (Secunderabad). Our adjusted occupancy across all properties is 72.33% for the six months period ended September 30, 2024, 75.17% for FY 2024, 79.00% for FY 2023 and 61.90% for FY 2022.
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 Corporate Identity Number U55101TN2011PTC083100. Subsequently, our Company was converted into public limited company pursuant to special resolution passed in the EGM held on May 27, 2024, and consequently, the name of our Company was changed to “Grand Continent Hotels Limited” and a fresh certificate of incorporation dated August 30, 2024 consequent upon conversion from private company to public company was issued by RoC, Central Processing Centre bearing CIN U55101TN2011PLC083100.
-
2011Incorporation of our Company
-
2016Commencement of operations of first Hotel Grand Continent - Bannerghatta Road with 24 Keys
-
2017Commencement of operations of Hotel Grand Continent - Malleswaram with 34 Keys
-
2018Acquisition of Land and building at Indira Nagar, Bengaluru
Acquisition of Land and building at Koramangala, Bengaluru, Karnataka, India
-
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.
-
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.
-
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.
-
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
Phone no:
FAQs
When does Grand Continent Hotels Ltd. IPO opens and closes?
Grand Continent Hotels Ltd. IPO opens from 20th March to 24th March 2025.What is the size of Grand Continent Hotels Ltd. IPO?
The size of the Grand Continent Hotels Ltd. IPO is ₹74.46 Cr.What is the price range of Grand Continent Hotels Ltd. IPO?
The price range of Grand Continent Hotels Ltd. IPO is at ₹107 to ₹113 per share.What is the minimum investment and lot size required for the Grand Continent Hotels Ltd. IPO?
The minimum investment required is ₹1,35,600 and minimum lot size is 1200 shares.When is Grand Continent Hotels Ltd. IPO listing date?
The Grand Continent Hotels Ltd. IPO will be listed on 27th March 2025.What is the objective of Grand Continent Hotels Ltd. IPO?
1. Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by our Company2. 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
Sign in with Google