Grand Continent Hotels Private Limited

Grand Continent Hotels Private Limited

SME NSE SME 100% Book Built Offer
Closed

Price Band

₹107 - ₹113

Total Issue

₹74.46 Cr

Bid Dates

20 Mar - 24 Mar

Subscription

1.87x

Est. GMP

₹0 (0.00%)

Website RHP Check Allotment

Tentative Timetable

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.

Lot Info

Lot Information for Grand Continent Hotels IPO
Category Lots Shares Amount
Individual (Min) 1 1,200 ₹1,35,600
Individual (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
Market Maker
3,30,000 EQ Share
Employee
12,000 EQ Share
Shareholder
₹0.00

Issue Size

Total ₹74.46 Cr
Fresh Issue
₹70.74 Cr (0.63 Cr Shares)
Offer For Sale
₹3.72 Cr (0.03 Cr Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

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

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

KPIs

EBITDA

31.58%

PAT

12.93%

ROE

25.00%

RoNW

26.67%

Net Debt to Equity

0.88

PE Ratio

44.49

PB Ratio

1.50

Mkt Cap (in Crs.)

281.59

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

Shareholding

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

MUFG Intime India

Lead Managers (1)

Indorient Financial Indorient Financial

Subscription Status

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

Frequently Asked Questions

What is Grand Continent Hotels IPO?
Grand Continent Hotels IPO is a SME IPO having an issue size of ₹74.46 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 1.87 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