Grand Continent Hotels Limited (NSE SME)
Mar 20, 2025 - Mar 24, 2025
| Price | ₹107 - ₹113 |
| Premium | ₹1 |
|---|---|
| Lot size | 1200 |
| Allotment | Mar 25, 2025 |
| Listing | Mar 27, 2025 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 135600 | 1823 |
| HNI | 2 | 2400 | 271200 | 781 |
Last updated on 24-Mar-2025 16:59:01
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1249200 | 3666000 | 2.93 |
| NIB | 937200 | 1300800 | 1.39 |
| RETAIL | 2187600 | 2888400 | 1.32 |
| EMPRET | 12000 | 12000 | 1 |
| Total | 4386000 | 7867200 | 1.79 |
| Application Wise Breakup | |
|---|---|
| Category | App. Received |
| QIB | 10 |
| NIB | 225 |
| RETAIL | 2407 |
| EMPRET | 4 |
| Total | 2646 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIB | 14.12 | 41.43 | 2.93 |
| NIB | 10.59 | 14.7 | 1.39 |
| RETAIL | 24.72 | 32.64 | 1.32 |
| EMPRET | 0.14 | 0.14 | 1 |
| Total | 49.56 | 88.9 | 1.79 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.4 | @8% ₹0.5 | @9% ₹0.6 | @10% ₹0.6 | @11% ₹0.7 | @12% ₹0.8 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.2 | @8% ₹0.2 | @9% ₹0.3 | @10% ₹0.3 | @11% ₹0.3 | @12% ₹0.4 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.20% | 2187600 |
| NII (HNI) | 14.22% | 937200 |
| Anchor | 28.43% | 1873200 |
| QIB | 18.96% | 1249200 |
| Market Maker | 5.01% | 330000 |
| Employee | 0.18% | 12000 |
| Total | 100.00% | 6589200 |
IPO Details
| Issue Size | 65,89,200 shares (aggregating up to ₹74.46 Cr) |
| Fresh Issue | 62,60,400 shares (aggregating up to ₹70.74 Cr) |
| Offer for Sale | 3,28,800 shares of ₹10 (aggregating up to ₹3.72 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,86,59,003 shares |
| Share Holding Post Issue | 2,49,19,403 shares |
| Market Maker Portion | 3,30,000 shares |
| Market Maker | Alacrity Securities |
Key Performance Indicator (KPI)
| KPI | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| RONW | 17.74% | 26.67% | -198.10% |
| EPS (basic) | 3.74 | 2.54 | 0.7 |
| P/E Pre IPO | 51.24 | ||
| P/E Post IPO | 20.67 |
Company Financials In Crores
| Period Ended | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 97.9 | 73.9 | 42.3 | 34.4 |
| Revenue | 31.9 | 31.5 | 17.1 | 6.0 |
| Profit After Tax | 6.8 | 4.1 | 1.1 | -0.8 |
| Net Worth | 40.2 | 30.0 | 0.6 | -1.6 |
| Reserves and Surplus | 22.4 | 26.0 | -0.4 | -2.6 |
| Total Borrowing | 40.2 | 35.0 | 37.1 | 34.7 |
About Company
Founded in 2011, Grand Continent Hotels Limited is a mid-market hotel chain in India, operating 19 properties across six major cities with over 900 rooms. The company focuses on delivering value-for-money hospitality, catering to Indian middle-class guests and business travelers with comfortable and well-equipped accommodations. As of September 30, 2024, Grand Continent Hotels and its JV Partner Entities operate 16 hotels with 753 keys across Karnataka (Bengaluru/Mysuru), Tamil Nadu (Hosur), Goa (Anjuna/Morjim), Andhra Pradesh (Tirupati), and Telangana (Secunderabad). Each property is strategically located in prime urban areas, offering well-furnished rooms with comfortable bedding, air conditioning, and workspaces, alongside modern amenities such as on-site dining options, conference and banquet facilities, 24/7 front desk support, complimentary Wi-Fi, and easy accessibility to transport hubs. Committed to elevating customer experience, the company ensures sustained service levels and regularly updates its offerings to meet evolving guest expectations. As of September 30, 2024, Grand Continent Hotels Limited employed 538 individuals across various departments.
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Premium Yet Affordable – Delivers high-quality hospitality in the mid-priced segment, ensuring comfort and value for money.
Prime Locations – Strategically positioned hotels in key urban and commercial hubs for maximum accessibility.
Efficient Asset Management – Strong track record in optimizing property value and operational efficiency.
Equity Issuance Below Offer Price – Recently issued shares at a lower price than the Offer Price, which may impact investor perception.
Lease Dependency – Majority of properties are on long-term leases; inability to renew or comply with agreements could affect operations.
Stamping & Registration Risks – Some agreements may be inadequately stamped or unregistered, posing potential legal and financial risks.
Phone: +91-22-4918 6270
Email: grandcontinent.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html