Grand Continent Hotels Private Limited

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Grand Continent Hotels Private Limited

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.

Price Band

₹107 - ₹113

Dates

20 Mar - 24 Mar

GMP

₹0 (0.00%)
Subscriptions

1.87 times

Issue Size

₹74.46 Crs
Grand Continent Hotels IPO Key Dates
Opening Date

20 Mar 25

Closing Date

24 Mar 25

Basis Of Allotment

25 Mar 25

Initiations Of Refund

26 Mar 25

Credit Of Shares

26 Mar 25

Listing Date

27 Mar 25

Grand Continent Hotels IPO Objects

  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 Details
Price Band

₹107 - ₹113

Listing At

NSE SME
IPO Issue Type

100% Book Built Offer
Fresh Issue

₹70.74 Cr (0.63 Cr Shares)
Offer For Sale

₹3.72 Cr (0.03 Cr Shares)
Total Issue

₹74.46 Cr (0.66 Cr Shares)
Face Value

₹10 per equity share
Grand Continent Hotels IPO Lot Information
Investor Category Lot Shares Amount
Retail
Minimum 1 1,200 1,35,600
Maximum 1 1,200 1,35,600
NII
Minimum 2 2,400 2,71,200
Grand Continent Hotels IPO Subscription

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

Investor Category Subscription (times) Shares Offered Shared Bid
QIB 2.93 12,49,200 36,66,000
NII 1.74 9,37,200 16,30,800
Retail 1.32 21,87,600 28,88,400
Employee 1.00 12,000 12,000
Total 1.87 43,86,000 81,97,200
Grand Continent Hotels IPO GMP

The estimated Grey Market Premium of Grand Continent Hotels IPO is ₹0 per share (0.00%)

1. GMPs are available for IPOs with listing dates from May 1, 2025, onwards.

2. The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.

Category Allocation
Particulars Allocation
QIB Not more than 50% of net offer
NII Not less than 15% of net offer
Retail Not less than 35% of net offer
Market Maker 3,30,000 EQ Share
Employee 12,000 EQ Share
Grand Continent Hotels IPO Financials

(Rs. in crores)

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

The financial information presented is on a consolidated basis

Key Performance Indicators
KPI KPI
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.
Grand Continent Hotels IPO Peer Comparision

(Rs. in crores)

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 Peer Comparision

(Rs. in crores)

Particulars Co.
Revenue from Ops (in Crs.) 31.24
PAT (In Crs.) 4.12
EPS - Basic 2.54
NAV per share 75.17
RONW 26.67%
EBITDA 31.58%
PAT Margin 13.05%
Price to earning (PE) 44.49
Net Debt to Equity 0.88
Lemon Tree Sayaji Hotels Royal Orchids Hotels
1,071.12 111.76 293.61
181.71 14.34 50.82
1.88 8.18 17.68
19.52 90.49 75.88
12.28% 7.04% 25.09%
48.85% 33.25% 25.91%
16.77% 12.29% 16.25%
67.79 32.38 21.99
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
Promoter Details
Name Shareholding
Mr. Ramesh Siva 50.65%
Mrs. Vidya Ramesh 24.37%
Management Details
Name Designation
Mr. Ramesh Siva Chairman & MD
Mr. Mithun Jayaraman CFO
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/

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Frequently Asked questions?

Find answers to common questions that come in your mind related to IPO.

Grand Continent Hotels IPO is a SME IPO having an issue size of Rs. ₹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.

Grand Continent Hotels IPO opens on 20 Mar 25 and closes on 24 Mar 25.

The estimated Grey Market Premium of Grand Continent Hotels IPO is ₹0 per share (0.00%).

The minimum lot size of Grand Continent Hotels IPO is 1200 shares & the minimum application amount is Rs. 135600.

The allotment date of Grand Continent Hotels IPO is 25 Mar 25.

The listing date of Grand Continent Hotels IPO is 27 Mar 25.

Grand Continent Hotels IPO is subscribed 1.87 times.

Grand Continent Hotels IPO is priced at ₹107 - ₹113 per share.

Click the allotment link on Grand Continent Hotels IPO page of IPO360.

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