Grand Continent Hotels
Listed
Listed
IPO Timeline
Issue open date
20 Mar 2025Issue close date
24 Mar 2025UPI mandate deadline
24 Mar 2025Allotment finalization
25 Mar 2025Refund initiation
26 Mar 2025Share credit
26 Mar 2025Listing date
27 Mar 2025Mandate end date
8 Apr 2025Lock-in end date for anchor investors (50%)
24 Apr 2025Lock-in end date for anchor investors (remaining)
23 Jun 2025Key Dates
Open
20 Mar 2025Close
24 Mar 2025Listing
27 Mar 2025Quick Stats
Issue Size:74cr
Lot Size:1200 shares
About the Company
Incorporated in 2011, Grand Continent Hotels Limited operates hotels across multiple cities in India, focusing on the mid-market segment. The company currently manages 16 properties with 753 hotel keys as of September 30, 2024. Its services cater to both business and leisure travellers, with a range of accommodations and amenities. The company operates in key cities such as Bengaluru, Mysuru, Hosur, Goa, Tirupati, and Secunderabad, offering facilities like on-site dining, conference rooms, and transportation services.
Strengths
- Premium mid-priced hospitality offering quality service at competitive rates.
- Strategically located properties catering to business and leisure travellers.
- Proven asset management enhancing operational performance and occupancy rates.
- Experienced management team with strong industry expertise.
- Growth in tourism and business travel due to increasing demand.
- Government initiatives supporting tourism development and growth.
Risks
- Dependence on long-term lease and license agreements; non-compliance or failure to renew may adversely affect operations.
- Risk of termination or non-renewal of franchise agreements with Sarovar/Royal Orchid brands, impacting brand usage and reservations.
- Subject to extensive government regulations; non-compliance or delays in approvals could disrupt operations.
- Negative customer experiences or publicity could harm reputation and customer acquisition.
- Previous losses could continue to affect results, cash flows, and financial conditions.
- Intense competition in the mid-scale hotel market, with larger competitors potentially affecting occupancy and revenue.
- Dependence on retaining qualified personnel; competition for talent may impact operations.
Grand Continent Hotels IPO – Frequently Asked Questions
- The price band for the Grand Continent Hotels IPO is set at ₹107 to ₹113 per share.
- The Grand Continent Hotels IPO opens on March 20, 2025 and closes on March 24, 2025.
- The tentative listing date for the Grand Continent Hotels IPO is March 27, 2025.
- You can apply for the Grand Continent Hotels IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Grand Continent Hotels, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Grand Continent Hotels IPO is 1200 shares. Investors must apply for at least one lot (i.e., 1200 shares).