Grand Continent Hotels Ltd., a well-known name in India’s hospitality sector, is all set to launch its Initial Public Offering (IPO) on March 20, 2025. The IPO will close on March 24, 2025, with the shares expected to be listed on the NSE Emerge platform on March 27, 2025. Investors looking to buy shares in this IPO can do so within a price band of ₹107 to ₹113 per share.
Important Details You Need to Know
- IPO Price Band: ₹107 – ₹113 per share
- Lot Size: 1,200 shares
- Minimum Investment: ₹1,35,600
- Total Issue Size: ₹74.46 crore
The company plans to use the funds raised from the IPO for various purposes, including paying off debt, expanding its hotel properties, and general corporate needs. Specifically, ₹34.08 crore will be used to reduce existing borrowings, while ₹16.8 crore will go into improving and expanding their hotel infrastructure across India.
A Quick Look at Grand Continent Hotels
Founded in 2011, Grand Continent Hotels Ltd. has rapidly grown its footprint in the hospitality industry. With a total of 16 hotels across key locations in Karnataka, Goa, Telangana, and Tamil Nadu, the company boasts a combined capacity of 753 hotel rooms. The company has shown impressive growth in recent years, with revenues jumping from ₹5.84 crore in FY2022 to ₹23.15 crore in FY2024. Net profit has also seen a significant increase, from ₹1.84 crore in FY2023 to ₹5.81 crore in FY2024.
Grey Market Premium (GMP)
As of March 18, 2025, the Grand Continent Hotels IPO is seeing a Grey Market Premium (GMP) of ₹10-₹13 per share. A positive GMP suggests that investors are confident about the IPO’s performance when it hits the stock exchanges.
Should You Invest?
While the GMP indicates a good potential for the IPO, it’s important for potential investors to assess the company’s financial health and the overall market conditions. Grand Continent Hotels has shown strong growth, but as with any investment, it’s important to consider the risks involved.
Before making a decision, it’s recommended to go through the official IPO prospectus and consult with a financial advisor.
