The Grand Continent Hotels IPO opens for subscription on 20 March 2025 and closes on 24 March 2025. The allotment date is set for 25 March 2025, with shares priced at ₹107 to ₹113 per share. The minimum market lot for the IPO is 1,200 shares, requiring an application amount of ₹1,35,600. Grand Continent Hotels IPO is an SME IPO and will be listed on the NSE platforms.
Grand Continent Hotels reported a revenue of ₹31.53 crores in March 2024, up from ₹17.05 crores in 2023, with a profit of ₹4.12 crores, rising from ₹1.05 crores. The company’s assets increased to ₹73.91 crores in March 2024 from ₹42.26 crores in 2023. By September 2024, assets and profits further grew to ₹97.94 crores and ₹6.81 crores, respectively.
Grand Continent Hotels IPO Subscription Details
As of 24 March 2025 05:50 PM, Grand Continent Hotels IPO subscribed 1.79x. The public issue subscribed 1.32x in the RII category, 2.93x in QIB, and 1.39x in the NII category. (Day 3)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| RII | 0.19 | 0.43 | 1.32 |
| NII | 0.42 | 0.14 | 1.39 |
| QIB | 0.71 | 0.71 | 2.93 |
| Total | 0.39 | 0.45 | 1.79 |
View subscription details for all IPOs on the IPO Subscription Dashboard.
IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): The retail individual investor or NRIs
- Employee (EMP): A category of eligible employees
- Others: A category of eligible shareholders or other investors
About Grand Continent Hotels Company
Short Paragraph:
Grand Continent Hotels operates in the mid-scale hospitality market, catering to India’s middle class and business travelers with affordable yet high-quality stays. As of September 2024, it manages 16 properties with 753 keys across key cities, with Bengaluru as its primary hub, housing 10 hotels with 458 keys.
Key Points:
- Bengaluru properties offer 458 keys for domestic and international travelers.
- Operates in the mid-scale hospitality market.
- Targets upper-mid, mid-priced, and economy segments.
- Focuses on affordability and high-quality experiences.
- Serves India’s growing middle class and business travelers.
- Emphasizes exceeding customer expectations.
- Manages 16 properties as of September 2024.
- Total capacity of 753 keys across all properties.
- Presence in Bengaluru, Hosur, Anjuna, Tirupati, and Secunderabad.
- Bengaluru is the main hub with 10 hotels.
Grand Continent Hotels IPO Subscription Status FAQs:
When Grand Continent Hotels IPO Subscription will start Date?
The IPO subscription starts on 20 March 2025 for QIB, NII, and Retail Investors.
How to Apply the Grand Continent Hotels IPO through Dhan App?
Log in to Console in Dhan in Application. Go to More on Markets and Click on IPOs. You will see the IPO Name “Grand Continent Hotels“. Click on Apply Now Next Click on Bid for IPO Then Select Quantity and Price on Place Bid For IPO. Enter your UPI ID and Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Grand Continent Hotels IPO through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Grand Continent Hotels “. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
When Grand Continent Hotels IPO will be listed?
The Grand Continent Hotels IPO listing date is 27 March 2025. The equity share of Grand Continent Hotels IPO will list on NSE platforms.
Disclaimer: The facts contained herein are for general information only and are not a recommendation to invest in any IPO or any investment opportunity. We take all reasonable care to ensure facts are accurate, but the information is based on publicly available information, research, and credible sources. Investors are requested to verify facts themselves and seek advice from a financial advisor before making any investment decision.
