Grand Continent Hotels IPO | Is This The Right IPO For You or Not?

Grand Continent Hotels IPO is an NSE SME IPO of ₹ 74.46 crores. It is a book-built issue of 65.89 lakh shares consisting of a fresh issue portion of 62.60 lakh shares and an offer-for-sale (OFS) of 3.29 lakh shares. 

Grand Continent Hotels IPO opened for subscription on 20th March 2025 from 10:00 AM and the last bid for subscription will be placed on 24th March 2025. The public offer is tentatively set to be listed on the NSE SME on 27th March 2025, Tuesday. 

The price band for the IPO is set with a floor price of ₹ 107 and a cap price of ₹ 113 per equity share. The minimum lot size for retail investors for the Grand Continent Hotels IPO is 1,200 equity shares which results in a minimum subscription amount of (at cutoff price) ₹ 1,35,600. For the HNI segment the minimum lot size is 2,400 equity shares with a total investment of ₹ 2,71,200. 

The book running lead manager for the IPO of Grand Continent Hotels Limited is Indorient Financial Services Ltd. and the registrar is Link Intime India Private Ltd. The market maker for the public offer is Alacrity Securities Ltd. 

Grand Continent Hotels IPO Key Information 

Grand Continent Hotels IPO Key Dates

Grand Continent Hotels IPO Objectives 

Grand Continent Hotels IPO is being issued with a price band of ₹ 107 to ₹ 113 at a total IPO size of 74.46 crores. Grand Continent Hotels Limited intends to use the net issue proceeds from the IPO for the following objectives: 

1. Repayment or pre-payment, in full or in part, of certain borrowings availed by the company.
2. Expansion of Hotel Properties in India.
3. General corporate purposes

Grand Continent Hotels Limited will be deploying the net issue proceeds (Gross issue proceeds – issue  expenses) for the fulfilment of the objectives mentioned above in the following manner: 

(figures in ₹ lakhs)

Grand Continent Hotels IPO GMP (Grey Market Premium)

Grand Continent Hotels IPO GMP: Grey Market Premium (GMP) refers to the price of an IPO trailing in the grey markets. It represents the difference between the issue price and the grey market price of an IPO.

Grand Continent Hotels IPO GMP Trend

*Data is updated as of 20th March 2025 

The Grand Continent Hotels IPO GMP of ₹ 0 on 20th Mach 2025 indicates that the IPO has not attracted major interest in the grey market which can result in a neutral or lower than expected listing for the offer. To stay updated with the upcoming Grand Continent Hotels IPO GMP, keep reading the Univest blogs.

Grand Continent Hotels IPO Lot Size Structure

Grand Continent Hotels IPO Reservation Structure

Grand Continent Hotels IPO is a NSE SME IPO, likely to be listed on the Indian stock exchanges on 27th March 2025. The Grand Continent Hotels IPO reservation is as follows:

Grand Continent Hotels IPO Peer Comparison

(Figures in Lakhs except ratios and percentages)

Grand Continent Hotels IPO Subscription Status 

Grand Continent Hotels IPO was subscribed 0.13 times as of 01:40 PM on the opening day. This subscription was dominated by the retail category with 0.11 times, followed by the NII category with 0.38 times and the QIB category with 0 times. 

*Data updated as of 20th March 2025 till 01:40 PM.

About Grand Continent Hotels Limited

Grand Continent Hotels Limited was established as a private limited company on 11th November 2011 under the companies act 1956. The company is involved in the hotel business operating under the mid-scale hotel sector. It opened its first 24-room hotel property in Bangaluru under the name of Grand Continent Hotels on 4th April 2016. 

The company’s portfolio includes three hotel segments: upper-mid priced, mid-priced and economy hotel segments. As of 30th September 2024, the Grand Continent Hotel Limited along with its JV partners operate 16 hotel properties and a total of 753 hotel keys. These properties are distributed  across the states of Karnataka, Tamil Nadu, Goa, Andhra Pradesh, and Telangana. 

Grand Continent Hotels Limited operates on an asset light model with properties under direct lease model. Out of these lease properties two are leased under the JV partnerships and two are owned by the company itself.

Grand Continent Hotels Limited Performance Review 

Before investing in a company, it is crucial to analyse its financial health through technical and financial statement analysis. It helps in understanding the profit growth, cash flow, and other risks and strengths for the underlying company. Therefore, to make informed decisions regarding the Grand Continent Hotels IPO, you must take a look at the below financials of the company:

Financial Performance

*Figures in lakhs except percentages

Explanation

Revenue 

Grand Continent Hotels Limited has maintained a consistent growth of in their revenue figures during the period starting from FY 2022 till FY 2024. In the year FY 2022 the company earned a top line of ₹ 602.69 lakhs which grew by 178.75% to ₹ 1,680.15 lakhs in FY 2023. In FY 2024 the revenue of Grand Continent Hotels Limited was ₹ 3,123.69 lakhs which was higher than the revenue of FY 2023 by 85.91 %.

EBITDA

The Earning Before Interest Tax Depreciation and Amortisation (EBITDA) of Grand Continent Limited has seen a similar trend like its revenue for the period from FY 202 to FY 2024. EBITDA of the company in FY 2022 stood at ₹ 238.44 lakhs whereas in the next fiscal year it was ₹ 625.31 lakhs indicating a growth of 162.25 %. As for the FY 2024 Grand Continent Hotes Limited clocked an EBITDA of ₹ 986.48 lakhs. 

Technical Analysis (KPIs)

D/E – Debt to Equity

ROE – Return on Equity 

P/BV – Price to Book Value

RONW – Return on Net Worth 

ROCE – Return on Capital Employed 

Please note that the Price-To-Earning (PE) and Earning Per Share (EPS) ratio is subject to change after the Grand Continent Hotels IPO listing. Therefore, have a look at the below table that provides pre and post IPO value of PE and EPS of Grand Continent Hotels Limited IPO. 

How To Invest in Grand Continent Hotels IPO

To apply for the Grand Continent Hotels IPO, you simply need to follow the below steps: 

Step 1 – Research the risks, benefits, and key details of the public offer. 

Step 2 – Open a demat account with Univest to know more about the Grand Continent Hotels IPO and invest in it. If you have an old demat account, you can also use it to invest in the public offer. 

Step 3 – If you are a retail investor, place a bid of 1,200 shares for a total amount of ₹ 1,35,600 lakh.

Step 4 – Once the bidding process is completed, you will receive a request for payment initiation using your chosen investment method. Approve the payment request and stay updated with the allotment status for the Grand Continent Hotels IPO.

Snapshot Of Grand Continent Hotels IPO 

• The Grand Continent Hotels IPO is a book-built issue consisting of 65,89,200 equity shares amounting to a total size of 74.46 crores. 
• The price band for the IPO is set between the floor price of ₹ 107 and cap price of ₹ 113. 
• The Grand Continent Hotels IPO consists of a fresh issue component of 62,60,400 shares and an offer-for-sale (OFS) of 3,28,200 shares. 
• The minimum lot size of the Grand Continent Hotels IPO for retail investors is set at 1,200 shares and for the HNI segment it is 2,400 equity shares. 

FAQ on Grand Continent Hotels IPO

1. What is the Grand Continent Hotels IPO price? 

The price of Grand Continent Hotels IPO is set at a price band of ₹ 107 to ₹ 113. 

2. What is the retail lot size in the Grand Continent Hotels IPO? 

The minimum lot size of the retail segment for the Grand Continent Hotels IPO is set at 1,200 shares which amounts to a total of ₹ 1,35,600 per lot. 

3. How can I check the Grand Continent Hotels IPO allotment status? 

You can check the Grand Continent Hotels IPO allotment status on the official website of the National Stocks Exchange of India (NSE).

4. Should I invest in the Grand Continent Hotels IPO? 

You can invest in the Grand Continent Hotels IPO based on thorough research and analysis and considering your risk tolerance levels. As per the expert recommendation of Dilip Davda (Chittorgarh) the IPO appears fully priced and investors may park their fund in it for medium to long term. 

Note: Univest do not recommend you to invest in the IPO based on the information provided in the above blog. Before investing in the Grand Continent  Hotels IPO perform your own research and invest according to risk levels. 

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