Grand Continent Hotels Limited
ListedSMEConsumer 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
₹1
+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
Last updated 12 days ago
Overall Subscription
1.79x
Total Demand
QIB Multiplier
2.93x
Institutions & Funds
NII / HNI
1.39x
High Net-Worth
Retail (RII)
1.32x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,249,200 | 3,666,000 | 2.93x |
| NIB | 937,200 | 1,300,800 | 1.39x |
| RETAIL | 2,187,600 | 2,888,400 | 1.32x |
| EMPLOYEES | — | 12,000 | 0.00x |
| Total | 4,374,000 | 7,867,200 | 1.79x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 10 | 0.00x |
| NIB | — | 225 | 0.00x |
| RETAIL | — | 2,407 | 0.00x |
| EMPLOYEES | — | 4 | 0.00x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Grand Continent Hotels Limited Public Issue & Market Profile
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.
Bidding & Quota Instructions:
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 Schedule:
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.
Frequently Asked Questions
What is Grand Continent Hotels Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Grand Continent Hotels Limited IPO is ₹1 per equity share. Based on the upper price band of ₹107 to ₹113 per equity share, the estimated listing price is ₹114 (+0.9% expected listing gain).
What is the expected profit per lot for Grand Continent Hotels Limited IPO?
With a lot size of 1200 shares and current GMP of ₹1, the expected profit per application lot is approx ₹1,200 (+0.9% gain). Minimum application cost is approx ₹1,35,600.
What is the issue size and price band for Grand Continent Hotels Limited IPO?
The Grand Continent Hotels Limited IPO aggregate issue size is ₹74.46 Crores with an equity price band set at ₹107 to ₹113 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,35,600.
How can I check Grand Continent Hotels Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 1.79x (Retail: 1.32x, QIB: 2.93x, NII: 1.39x). You can track live multiples directly on our dedicated subscription page.
Where and when will Grand Continent Hotels Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2025-03-25. Investors can verify status using PAN card or application number.
When is the listing date for Grand Continent Hotels Limited IPO?
Grand Continent Hotels Limited shares are scheduled to list on NSE on 2025-03-27.