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Open
20 Mar 2025
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Close
24 Mar 2025
3
Allotment
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Listing
Thu, Mar 27, 2025
Price Band
₹107 to ₹113
Issue Size
65,89,200 shares (agg. up to ₹74 Cr)
Lot Size
1,200 Shares
Listing Date
Thu, Mar 27, 2025
Latest GMP
₹1
Est. Gain
0.88%
✦ AI Insight
GMP Trend
27-03-2025₹1Est. ₹114+0.88%
26-03-2025₹1Est. ₹114+0.88%
25-03-2025₹1Est. ₹114+0.88%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.59x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 97.94 | 73.91 | 42.26 | 34.37 |
| Total Income | 31.86 | 31.53 | 17.05 | 6.03 |
| Profit After Tax | 6.81 | 4.12 | 1.05 | -0.79 |
| NET Worth | 40.18 | 29.99 | 0.59 | -1.63 |
| Reserves and Surplus | 22.36 | 26.00 | -0.42 | -2.64 |
| Total Borrowing | 40.22 | 34.96 | 37.07 | 34.72 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Jungle Camps India Ltd. | SME | ₹29.42 Cr | ₹72 | 22.88 | ₹129.96 | +80.50% | ₹49.95 (+5.47%) |
| Saj Hotels Ltd. | SME | ₹27.63 Cr | ₹65 | 21.7 | ₹52.45 | -19.31% | ₹42.10 (-5.71%) |
| Ventive Hospitality Ltd. | Mainboard | ₹1,600.00 Cr | ₹643 | -201.01 | ₹704.35 | +9.54% | ₹622.15 (+1.49%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the Company | 34.08 |
| 2 | Expansion of the Hotel properties in India | 16.79 |
| 3 | General Corporate Purposes | 10.37 |
| 4 | Public Issue Expenses | 10.00 |
| Total | 71.24 |
About Grand Continent Hotels IPO
Founded in 2011, Grand Continent Hotels Limited is a hotel chain in India. The company caters to the mid-market segment, operating 19 properties across six major Indian cities, offering over 900 rooms. Each hotel is strategically located in prime urban areas, designed to meet the diverse needs of both business and leisure travelers. Grand Continent Hotels elevates customer experience by providing straightforward service interactions, user-friendly infrastructure, and a commitment to delivering value for money. They prioritize sustained service levels, availability, and regularly benchmark and update their services to meet evolving guest expectations. As of September 30, 2024, the company and 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). The company serves Indian middle-class guests and business travelers with differentiated, comfortable services and value-for-money propositions. Each Grand Continent Hotels property is equipped with modern amenities and services, including: Well-furnished rooms with comfortable bedding, air conditioning, and wo
Contact Details
Grand Continent Hotels Ltd. AddressS No.245/1A/1B, Venpursham VillageVeeralapakkam, Thiruporur, ChengalpattuMamallapuram, TirukalikundramKanchipuram, Tamil Nadu, 603110080 4165 6491cs@grandcontinenthotels.comVisit Website