Grand Continent Hotels IPO is a fixed-price issue of ₹74.46 crore, comprising 62.6 lakh fresh shares at ₹107-₹113 each. The IPO saw a subscription of over 1.79 times on its final day. The Qualified Institutional Buyers (QIB) segment was subscribed 2.93 times, while the Non-Institutional Investors (NII) and Retail Individual Investors (RII) segments were subscribed 1.39 times and 1.32 times, respectively.
The IPO opened for subscription on March 20, 2025, and closed on March 24, 2025. The price range for the offer was set between ₹107 and ₹113 per share, with a face value of ₹10. The company recorded a revenue of ₹31.53 crore in 2024, up from ₹17.05 crore in 2023. Its net profit also rose to ₹4.12 crore in 2024 from ₹1.05 crore in 2023.
Grand Continent Hotels IPO, valued at ₹74.46 crore, includes a fresh issue of ₹70.74 crore and an offer for sale of ₹3.72 crore. The subscription ran from March 20-24, 2025, with a listing on NSE SME expected on March 27, 2025. The price band is ₹107-₹113, with a lot size of 1,200 shares.
The table below breaks down the Grand Continent Hotels share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Category of Investors | Allocation of shares under IPO |
| Reservation for Employees | [-] |
| Anchor Allocation | [-] |
| Market Maker Shares Offered | 3,30,000 (5.01%) |
| QIB Shares Offered | 12,49,200 (18.96%) |
| Retail Shares Offered | 21,87,600 (33.2%) |
| NII (HNI) Shares Offered | 9,37,200 (14.22%) |
Data Source: BSE-SME
| Category | Subscription (times) |
| Non Institutional Investors | 1.39 |
| Retail Individual Investors(RIIs) | 1.32 |
| Qualified Institutional Buyers | 2.93 |
| Total shares | 1.79 |
Note: The final subscription details is as of March 24, 2025
Grand Continent Hotels Limited, established in 2011, operates a mid-market hotel chain across 6 major Indian cities with 19 properties and over 900 rooms. Catering to business and leisure travelers, the company emphasises value-for-money stays with modern amenities and efficient service.
As of September 30, 2024, it managed 16 hotels with 753 keys in Karnataka, Tamil Nadu, Goa, Andhra Pradesh, and Telangana. Key offerings include well-furnished rooms, on-site dining, conference facilities, 24/7 customer support, and complimentary Wi-Fi. Focused on Indian middle-class and business travellers, the company employs 538 staff members to ensure quality service and guest satisfaction.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 24, 2025, 6:44 PM IST
Suraj Uday Singh
Suraj Uday Singh is a skilled financial content writer with 3+ years of experience. At Angel One, he excels in simplifying financial concepts. Previously, he cultivated his expertise at a leading mortgage lending firm and a prominent e-commerce platform, mastering consumer-focused and engaging content strategies.
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