Grand Continent Hotels Private Limited
Grand Continent Hotels Private Limited
SME NSE SME Closed

Price Band

₹107 - ₹113

Total Issue

₹74 Cr

Bid Dates

20 Mar - 24 Mar

Subscription

1.79x

Listing Price

₹112 (-0.88%)

Website RHP Check Allotment

Valuation

Market Cap

₹281.59 Cr

P/E Ratio

44.49x

P/B Ratio

1.50x

Grand Continent Hotels IPO Dates

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Grand Continent Hotels Limited is a mid-scale hospitality company serving India’s growing middle-class and business traveler segment. Focused on offering differentiated yet affordable accommodations, the company operates 16 hotels with a total of 753 keys as of September 30, 2024. Its presence spans key cities across Karnataka, Tamil Nadu, Goa, Andhra Pradesh, and Telangana. It achieved an adjusted occupancy rate of 72.33% for the six months ending September 2024, following 75.17% in FY24, 79.00% in FY23, and 61.90% in FY22.

Lots & IPO Size

Grand Continent Hotels IPO Lot Size

Lot Information for Grand Continent Hotels IPO
Category Lots Shares Amount
Ind (Min) 1 1,200 ₹1,35,600
Ind (Max) 1 1,200 ₹1,35,600
S-HNI (Min) 2 2,400 ₹2,71,200
S-HNI (Max) 7 8,400 ₹9,49,200
B-HNI (Min) 8 9,600 ₹10,84,800
Allocate Funds
Market Maker
3,30,000 EQ Share
Employee
12,000 EQ Share
Shareholder
₹0.00

Grand Continent Hotels IPO Size

Total ₹74 Cr
Fresh Issue
₹71 Cr (0.63 Cr Shares)
Offer For Sale
₹4 Cr (0.03 Cr Shares)

Objects of Issue

  1. Repayment of certain outstanding borrowings availed by our Company
  2. Expansion of our Hotel properties in India
  3. General Corporate Purpose

Grand Continent Hotels IPO Live Subscription

Updated as on 24-Mar-2025 19:00:07 hrs

Category Sub (x) Offered Bids
QIB 2.93x 12,49,200 36,66,000
NII 1.39x 9,37,200 13,00,800
Retail 1.32x 21,87,600 28,88,400
Employee 1.00x 12,000 12,000
Total 1.79x 43,86,000 78,67,200

Grand Continent Hotels IPO Details Live GMP

GMP ₹0
Est. Price ₹113
Est. Gain 0.00%

Grand Continent Hotels IPO Peer Comparison

(Rs. in crores)

Grand Continent Hotels IPO Peer Comparison Table
Particulars Co. Lemon Tree Sayaji Hotels Royal Orchids Hotels
Revenue from Ops (in Crs.) 31.24 1,071.12 111.76 293.61
PAT (In Crs.) 4.12 181.71 14.34 50.82
EPS - Basic 2.54 1.88 8.18 17.68
NAV per share 75.17 19.52 90.49 75.88
RONW 26.67% 12.28% 7.04% 25.09%
EBITDA 31.58% 48.85% 33.25% 25.91%
PAT Margin 13.05% 16.77% 12.29% 16.25%
Price to earning (PE) 44.49 67.79 32.38 21.99
Net Debt to Equity 0.88 1.92 -0.01 0.23
  • All the information pertains to FY 2023-24
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 12, 2025 for Peers

Grand Continent Hotels IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for Grand Continent Hotels IPO
Particulars Sep-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 31.84 31.24 16.80 6.03
Profit after Tax 6.22 4.08 1.03 -0.79
Net Worth 40.18 29.99 0.59 -1.63
Total Borrowing 40.22 34.96 37.07 34.72
Total Assets 97.94 73.91 42.26 34.37
NAV per share (in ₹) 21.53 75.17 5.81 -16.16
EPS - Basic (in ₹) 3.74 2.54 0.70 -0.53

Key Performance Indicators (KPIs)

EBITDA

31.58%

PAT

12.93%

ROE

25.00%

RoNW

26.67%

Net Debt to Equity

0.88

  • All Ratios are based on Mar 24
  • PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.

Promoter Holding

Promoter

24.37%

Public

75.63%

Mr. Ramesh Siva 50.65%

Management

Mr. Ramesh Siva
Chairman & MD
Mr. Mithun Jayaraman
CFO

Registrar & Lead Managers

Registrar

MUFG Intime India

Lead Managers (1)

Indorient Financial

Company Details

Name : Grand Continent Hotels Limited

Addres: S No. 245/1A/1B, Venpursham Village, Veeralapakkam, Thiruporur, Chengalpattu, Mamallapuram, Kanchipuram, Tirukalikundram - 603110, Tamil Nadu, India.

Number : 80 4165 6491

Email : cs@grandcontinenthotels.co

Website : https://grandcontinentho tels.com/

Frequently Asked Questions (FAQs)

What is Grand Continent Hotels IPO?
Grand Continent Hotels IPO is a SME IPO having an issue size of ₹74 Crs. Grand Continent Hotels IPO is priced at ₹107 - ₹113 per share. The issue opens on 20 Mar 25 and closes on 24 Mar 25.
When will Grand Continent Hotels IPO open?
Grand Continent Hotels IPO opens on 20 Mar 25 and closes on 24 Mar 25.
What is the GMP of Grand Continent Hotels IPO?
The estimated Grey Market Premium of Grand Continent Hotels IPO is ₹0 per share (0.00%).
What is the lot size of Grand Continent Hotels IPO?
The minimum lot size of Grand Continent Hotels IPO is 1200 shares & the minimum application amount is Rs. 135600.
When is the allotment of Grand Continent Hotels IPO?
The allotment date of Grand Continent Hotels IPO is 25 Mar 25.
What is the listing date of Grand Continent Hotels IPO?
The listing date of Grand Continent Hotels IPO is 27 Mar 25.
What is the subscription of Grand Continent Hotels IPO?
Grand Continent Hotels IPO is subscribed 1.79 times.
What is the price band of Grand Continent Hotels IPO?
Grand Continent Hotels IPO is priced at ₹107 - ₹113 per share.
How to check allotment status of Grand Continent Hotels IPO?
Click the allotment link on Grand Continent Hotels IPO page of IPO360.
How to apply Grand Continent Hotels IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Grand Continent Hotels IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Grand Continent Hotels IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Grand Continent Hotels IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date

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