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Grand Continent Hotels Ltd IPO

Grand Continent Hotels Limited operates in the mid-scale hotel sector, consisting of the upper-mid priced, mid-priced and economy hotel segments. The Company seeks to cater to Indian middle-class guests and business travellers and to deliver differentiated yet superior service offerings, with a value-for-money proposition. The Company has 16 operational hotels and operates a total of 753 keys as of September 30, 2024 across states of Karnataka (Bengaluru), Tamil Nadu (Hosur), Goa (Anjuna), Andhra Pradesh (Tirupati) and Telengana (Secunderabad). Its adjusted occupancy across all properties is 72.33% for the six months period ended September 30, 2024, 75.17% for FY 2024, 79.00% for FY 2023 and 61.90% for FY 2022.

Grand Continent Hotels Ltd IPO Details

Total Shares Offered

₹ 65,89,200

Offer to Public

3,28,800

Retail Max (Shares)

₹ 21,87,600

Pre Issue Promoters Holding

₹ 1,39,97,300

Exchange

NSE

Issue size

₹ 74.46 Cr

IPO Open Date

Mar 20, 2025

Close Date

Mar 24, 2025

Lot Size

1200

Min Investment

₹ 1,28,400

Issue Type

Book Building - SME

Listing Date

Mar 27, 2025

Grand Continent Hotels Ltd IPO Dates

Mar 20, 2025

Opening date

Mar 24, 2025

Closing date

Mar 25, 2025

Basis of Allotment

Mar 26, 2025

Initiation of Refunds

Mar 26, 2025

Credit of Shares

Mar 27, 2025

Listing date

Details

Sector	Type
Sector	Hotels
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	1.17x	3122400	3666000
NII	1.74x	937200	1630800
Retail	1.32x	2187600	2888400
Employee	1x	12000	12000
Total	1.24x	6589200	8197200

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

1.17x

1.74x

1.32x

1.24x

3122400

937200

2187600

12000

6589200

3666000

1630800

2888400

12000

8197200

Grand Continent Hotels Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	72.62	31.24	16.80
EBITDA	15.09	6.59	3.88
PAT	10.64	3.88	1.84
Total Assets	50.56	14.04	1.70
Share Capital	24.92	3.99	1.01
Total Borrowings	26.15	39.18	25.35
Operating Activities (Net Cash)	11.77	4.58	2.86
Investing Activities (Net Cash)	3.46	-2.96	0.18
Financing Activities (Net Cash)	26.15	39.18	25.35
Net Cashflow	32.31	8.22	0.29

About Grand Continent Hotels Ltd

Grand Continent Hotels Limited was originally incorporated as a private limited company under the Companies Act, 1956 in the name and style of Grand Continent Hotels Private Limited pursuant to certificate of incorporation dated November 11, 2011 issued by the RoC, Chennai, Tamil Nadu bearing Corporate Identity Number U55101TN2011PTC083100. Subsequently, the Company was converted into public limited company pursuant to special resolution passed in the EGM held on May 27, 2024, and consequently, the name of the Company was changed to Grand Continent Hotels Limited and a fresh certificate of incorporation dated August 30, 2024 consequent upon conversion from private company to public company was issued by RoC, Central Processing Centre bearing CIN U55101TN2011PLC083100.

India's mid-scale hotels market generated a revenue of INR 316.3 billion in 2023 and is projected to expand at a CAGR of 9.0% from 2023 to 2029, reaching an estimated revenue of INR 530.1 billion by the end of the forecast period. Mid-Scale Hotels constitute approximately 56.0% of the total room supply, signifying their dominance in catering to a broad spectrum of business and leisure travelers. As of 2023, the mid-scale hotels market in India offered an estimated 230,000 rooms across both branded and independent properties. This supply is projected to grow at a CAGR of 5.0% from 2023 to 2029, driven by an increasing number of hotel developments and expansions within this category.

Peer Comparison:

Lemon Tree Hotels Ltd
Sayaji Hotels Ltd
Royal Orchid Hotels Ltd

Grand Continent Hotels Ltd Key Points

Strengths

Lowest Entry Cost per Key: Over the years, the Company has perfected its model to set up rooms at the lowest cost in a timely manner, managing approximately 40 to 100 rooms per hotel.

High Occupancy Rates: The Company collaborates with a wide range of marketing partners and establishes direct relationships with corporate clients, leading to high occupancy rates and reasonable per-room profitability.

Cost Control on Room Operating Expenses: The Company has developed a unique model to ensure low costs for operating and servicing rooms and restaurants, while maintaining guest comfort and convenience.

Risk

The company has issued Equity Shares during the preceding twelve months at a price which may be below the Offer Price.

Majority of its properties are on long lease or license. If the company is unable to comply with the terms of the lease or license agreements, renew its agreements or enter into new agreements on favorable terms, the company business, results of operations and financial condition and cash flows may be adversely affected.

Some of its agreements may be under stamped or inadequately stamped or unregistered and if any financial or judicial implication arises out of the same it may have an adverse effect on the Company's business and reputation.

Strategy

Developing and expanding its hospitality assets.

Improving operational efficiency to achieve superior performance.

Optimise capital efficiency through the adoption of its asset light model with an optimal portfolio of owned and leased hotels and to further strengthen, develop and expand its existing brand.

How To Apply for Grand Continent Hotels Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Grand Continent Hotels Ltd IPO?

Grand Continent Hotels Ltd's IPO offers shares for up to 70.74 It begins on Mar 20, 2025 and ends on Mar 24, 2025.

What is the price of the Grand Continent Hotels Ltd IPO?

The price of Grand Continent Hotels Ltd IPO ranges between ₹107 to ₹113 per share.

What are the open and close dates for the Grand Continent Hotels Ltd IPO?

The Grand Continent Hotels Ltd IPO opens on Mar 20, 2025 and closes on Mar 24, 2025.

When will the Grand Continent Hotels Ltd IPO be allotted?

The allotment for the Grand Continent Hotels Ltd IPO will be finalised on Mar 25, 2025. The shares will be listed on BSE and NSE on Mar 27, 2025.

What is the minimum lot size required for Grand Continent Hotels Ltd IPO?

The minimum lot size for Grand Continent Hotels Ltd IPO is 1200 shares, priced between ₹107 to ₹113 per share.

What is the GMP of Grand Continent Hotels Ltd IPO?

The GMP (Grey Market Premium) of Grand Continent Hotels Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Grand Continent Hotels Ltd IPO?

To check the allotment status of Grand Continent Hotels Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Grand Continent Hotels Ltd IPO getting listed?

The Grand Continent Hotels Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Mar 20, 2025, and closes on Mar 24, 2025. The allotment is finalised on Mar 25, 2025.

How do you apply for the Grand Continent Hotels Ltd IPO?

To apply for the Grand Continent Hotels Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.