
Consumer Services / Hospitality · NSE
Grand Continent Hotels Limited, founded in 2011, is a mid-market hotel chain in India with 19 properties across six major cities, offering over 900 rooms. The company provides affordable, comfortable stays tailored to middle-class travelers and business professionals. As of September 30, 2024, Grand Continent Hotels and its JV partners operate 16 hotels with 753 rooms across Karnataka (Bengaluru/Mysuru), Tamil Nadu (Hosur), Goa (Anjuna/Morjim), Andhra Pradesh (Tirupati), and Telangana (Secunderabad). Each hotel is strategically located in key urban areas, featuring well-furnished rooms with cozy bedding, air conditioning, workspaces, and modern amenities like on-site dining, conference and banquet facilities, 24/7 front desk support, free Wi-Fi, and easy access to transport hubs. Dedicated to enhancing guest experiences, the company continuously improves its services to meet evolving expectations. As of September 30, 2024, Grand Continent Hotels Limited employed 538 people across various roles.
Price Band
₹107 – ₹113
Issue Size
₹74.46 Cr
Lot Size
1200 shares
GMP
+0.9%
Est. Listing
₹114
at current GMP
Subscribed
1.79x
overall
Open
20 Mar 2025
Close
24 Mar 2025
Allotment
25 Mar 2025
Refund
26 Mar 2025
Demat Credit
27 Mar 2025
Listing
27 Mar 2025
Designated Registrar: Link Intime India Private Limited
Allotment Date
25 Mar 2025
Basis finalization
Refunds Initiate
26 Mar 2025
Mandate release
Demat Credit
27 Mar 2025
Shares in demat
Listing Debut
27 Mar 2025
Trading begins
Grand Continent Hotels Limited is bringing an initial public offering (IPO) in the Consumer Services / Hospitality sector with an aggregate issue size of ₹74.46 Crores. The shares are offered at a price band of ₹107 to ₹113 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,35,600 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-03-27, while un-allotted funds or UPI block mandates will be released on 2025-03-26.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.