Grand Continent Hotels IPO Date, Review, Price, Allotment Details
Aditya | March 17, 2025
The Grand Continent Hotels IPO is scheduled to open on March 20, 2025, and will close on March 24, 2025. It follows a Book Built Issue format. The company aims to raise approximately ₹74.46 crores through the IPO, comprising a fresh issue of ₹70.74 crores and an offer for sale of 3,28,800 equity shares. The IPO price band is set at ₹107 to ₹113 per share, with a retail investor allocation of 35%, QIB allocation of 50%, and HNI allocation of 15%. Grand Continent Hotels IPO is set to list on NSE on March 27, 2025, with the allotment date scheduled for March 25, 2025. Financially, the company reported revenue of ₹31.53 crores in 2024, up from ₹17.05 crores in 2023. The profit stood at ₹4.12 crores in 2024 compared to ₹1.05 crores in 2023. Based on the financial performance, the IPO presents a solid long-term investment opportunity.
Grand Continent Hotels IPO Details
Field
Value
est listing
114 (0.88%)
gain percentage
0.09%
gmp
1
ipo size
₹74.46 Cr
ipo title
Grand Continent Hotels NSE SME IPO
price
113
status
Listed
subscription
1.79x
Grand Continent Hotels IPO Dates
Field
Value
boa dt
25-Mar
close
24-Mar
listing
27-Mar
lot
1,200
open
20-Mar
Grand Continent Hotels IPO Financial Report
Grand Continent Hotels Limited has demonstrated strong financial growth over the years. The company reported revenue of ₹31.53 crores in 2024 compared to ₹17.05 crores in 2023. Profitability also increased, with a net profit of ₹4.12 crores in 2024, up from ₹1.05 crores in 2023.
Financial Year
2024
2023
Revenue
₹31.53
₹17.05
Expense
₹26.01
₹15.15
Profit After Tax
₹4.12
₹1.05
About Grand Continent Hotels IPO
Grand Continent Hotels, incorporated in 2011, is a growing player in the mid-scale hotel sector, including the upper-mid, mid-priced, and economy hotel segments. As of September 30, 2024, the company and its JV partner entities operate 16 hotel properties with a total of 753 rooms across Karnataka, Tamil Nadu, Goa, Andhra Pradesh, and Telangana. The company focuses on providing high-quality services to middle-class guests and business travelers while maintaining affordability. The promoter established the first hotel, Grand Continent, in 2010, which has since grown into 10 hotels with 458 rooms in Bengaluru, strengthening its domestic and international presence.
