₹ 135600
₹107- ₹113
1200
₹112
-0
24 Mar 2025
Download26 Mar 2025
27 Mar 2025
Application Details
Grand Continent Hotels IPO is a book built issue of Rs 74.46 crores. The issue is a combination of fresh issue of 62.60 lakh shares aggregating to Rs 70.74 crores and offer for sale of 3.29 lakh shares aggregating to Rs 3.72 crores.
Grand Continent Hotels IPO bidding opened for subscription on March 20, 2025 and will close on March 24, 2025. The allotment for the Grand Continent Hotels IPO is expected to be finalized on Tuesday, March 25, 2025. Grand Continent Hotels IPO will be list on NSE SME with a tentative listing date fixed as Thursday, March 27, 2025.
Grand Continent Hotels IPO price band is set at ₹107 to ₹113 per share. The minimum lot size for an application is 1200. The minimum amount of investment required by retail investors is ₹1,28,400. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,35,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹2,71,200.
About Grand Continent Hotels Limited (SME IPO)
Founded in 2011, Grand Continent Hotels Limited is a hotel chain in India catering to the mid-market segment. The company operates 19 properties across six major cities, offering over 900 rooms strategically located in prime urban areas to serve both business and leisure travelers. Focused on delivering value-for-money experiences, Grand Continent Hotels ensures seamless service interactions, user-friendly infrastructure, and consistent service standards. The company regularly updates its offerings to meet evolving guest expectations.
As of September 30, 2024, Grand Continent Hotels and its JV Partner Entities manage 16 hotels with 753 keys across Karnataka (Bengaluru/Mysuru), Tamil Nadu (Hosur), Goa (Anjuna/Morjim), Andhra Pradesh (Tirupati), and Telangana (Secunderabad).
Catering primarily to Indian middle-class guests and business travelers, the hotels provide well-furnished rooms with comfortable bedding, air conditioning, and workspaces, along with on-site dining options, conference and banquet facilities, 24/7 customer support, complimentary Wi-Fi, and easy accessibility to transport hubs and commercial centers.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.