Grand Continent Hotels Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 19-03-2025 | 23-03-2025 | ₹10 per share | 0 | 1,200 Shares | NSE SME | 1,200 Shares | 2025-03-24 18:30:00 | 2025-03-25 18:30:00 | 2025-03-25 18:30:00 | 26-03-2025 |
About The Company
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 opens for subscription on March 20, 2025 and closes 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.
Indorient Financial Services Ltd is the book-running lead manager of the Grand Continent Hotels IPO, while Link Intime India Private Ltd is the registrar for the issue.The market maker for Grand Continent Hotels IPO is Alacrity Securities Ltd..
Refer to Grand Continent Hotels IPO RHP for detailed information.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 30-03-2022 | 34 | 6 | -1 | -1.63 | -2.64 | 34.72 |
| 30-03-2023 | 42 | 17 | 1 | 0.59 | -0.42 | 37.07 |
| 30-03-2024 | 74 | 32 | 4 | 29.99 | 26 | 34.96 |
| 29-09-2024 | 98 | 32 | 7 | 6.81 | 22.36 | 40.22 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | 135600 |
| Retail (Max) | 1 | 1200 | 135600 |
| HNI (Min) | 2 | 2400 | 271200 |
IPO Listing Details
| Listing Date | 26-03-2025 |
| BSE Script Code | - |
| NSE Symbol | - |
| ISIN | - |
| Final Issue Price | 0 |
Promoter holdings
The promoters of the company are Mr. Ramesh Siva and Mrs.Vidya Ramesh.
Contact Information of the Company
Grand Continent Hotels Limited
S No. 245/1A/1B, Venpursham Village,
Veeralapakkam, Thiruporur, Chengalpattu,
Mamallapuram, Kanchipuram, Tirukalikundram-603110
Phone: 080 4165 6491
Email: cs@grandcontinenthotels.com
Website: https://grandcontinenthotels.com/
IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: grandcontinent.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
IPO Lead Manager
Indorient Financial Services Ltd (Past IPO Performance)