Grand Continent Hotels Limited is launching its Grand Continent Hotels Limited IPO to raise capital for expansion and debt repayment. Here are the key details:
IPO Details:
- Opening Date: March 20, 2025
- Closing Date: March 24, 2025
- Allotment Date: March 25, 2025
- Refund Initiation Date: March 26, 2025
- Demat Credit Date: March 26, 2025
- Listing Date: March 27, 2025 (on NSE SME platform)
- Issue Size: Approximately ₹74.46 crores, comprising a fresh issue of 62.60 lakh shares (₹70.74 crores) and an offer for sale of 3.29 lakh shares (₹3.72 crores).
- Price Band: ₹107 to ₹113 per share.
- Lot Size: 1,200 shares, with a minimum investment of ₹1,28,400.
Registrar and Lead Manager:
- Registrar: Link Intime India Private Ltd.
Who is the Owner of Grand Continent Hotels Limited
Grand Continent Hotels Private Limited, incorporated on November 11, 2011, is a private company based in Chennai, Tamil Nadu, India.
The company is registered under the Corporate Identification Number (CIN) U55101TN2011PTC083100.
The company has six directors, including Prem Gul Rajani and Vishwanathan Swaminathan.
However, specific details regarding the ownership structure or the names of all shareholders are not publicly disclosed.
For comprehensive information on the ownership and shareholder details, it is advisable to consult the company’s official filings or contact them directly through their official communication channels.
Company Overview:
Established in 2011, Grand Continent Hotels operates in India’s mid-scale hospitality sector, targeting the upper-mid, mid-priced, and economy segments. As of September 30, 2024, the company, along with its joint venture partners, manages 16 operational hotel properties with a total of 753 rooms.
These properties are strategically located in Karnataka (Bengaluru), Tamil Nadu (Hosur), Goa (Anjuna), Andhra Pradesh (Tirupati), and Telangana (Secunderabad), with a significant presence in Bengaluru, operating 10 hotels comprising 458 rooms.
About Grand Continent Hotels Limited
Grand Continent Hotels Limited is an Indian hospitality company focused on the mid-scale hotel segment. The company operates and manages hotels catering to upper-mid, mid-priced, and economy categories.
Company Overview:
- Founded: 2011
- Headquarters: Bengaluru, Karnataka, India
- Number of Hotels: 16 operational properties (as of September 30, 2024)
- Total Rooms: 753 across different locations
Key Locations:
- Karnataka (Bengaluru) – 10 hotels with 458 rooms
- Tamil Nadu (Hosur)
- Goa (Anjuna)
- Andhra Pradesh (Tirupati)
- Telangana (Secunderabad)
Business Model & Operations:
Grand Continent Hotels follows a management and franchise model where they own, lease, or operate hotels under their brand. Their focus is on affordable luxury, providing high-quality hospitality experiences at competitive pricing.
Key Strengths:
- Strong presence in South India, particularly in Bengaluru
- Focused on the mid-scale segment, which has growing demand
- Expansion plans to add more hotels in high-demand areas
Grand Continent Hotels IPO Lot Size
Here is the Grand Continent Hotels Limited IPO Lot Size details in a table format:
| Category | Lots | Shares | Investment Amount (₹) |
| Retail (Minimum) | 1 | 1,200 | ₹1,35,600 |
| Retail (Maximum) | 1 | 1,200 | ₹1,35,600 |
| HNI (Minimum) | 2 | 2,400 | ₹2,71,200 |
- Minimum lot size: 1,200 shares
- Minimum investment for retail investors: ₹1,28,400
- Investment varies based on the final IPO price band (₹107 – ₹113 per share)
Grand Continent Hotels Limited Financial Information
Grand Continent Hotels Limited is a hospitality company operating in the mid-scale segment across various Indian states. Below is a summary of its financial information:
Financial Overview:
| Financial Metric | Details |
| Authorized Share Capital | ₹25.00 crore |
| Paid-up Capital | ₹18.66 crore |
| Operating Revenue Range (FY ending March 31, 2023) | ₹1 crore – ₹100 crore |
| EBITDA Growth (FY ending March 31, 2023) | Increased by 171.22% over the previous year |
| Total Open Charges | ₹40.24 crore |
| Closed Loans | ₹16.62 crore |
Key Performance Indicator
| KPI | Values |
| ROE | 25% |
| ROCE | 17% |
| Debt/Equity | 1.13 |
| RoNW | 26.67% |
| PAT Margin | 13.05 |
| Price to Book Value | 1.50 |
These KPIs provide valuable insights into various aspects of hotel performance, from revenue management to operational efficiency. For specific data on Grand Continent Hotels Limited, consulting their official financial reports or investor relations materials would be advisable.
Grand Continent Hotels Limited IPO – Objects of the Issue
- Repayment or Prepayment of Borrowings – A significant portion of the funds will be allocated to reducing outstanding loans, which will help in lowering debt obligations and improving financial stability.
- Expansion of Hotel Properties – The company plans to use the funds to expand its presence by acquiring and developing new hotel properties in strategic locations across India.
- General Corporate Purposes – A part of the proceeds will be utilized for working capital requirements, operational expenses, and other business-related expenditures to support future growth.
Strengths of Grand Continent Hotels Limited IPO
- Strong Presence in South India – The company has a well-established footprint in Karnataka, Tamil Nadu, Goa, Andhra Pradesh, and Telangana, particularly in Bengaluru, where it operates 10 hotels.
- Growing Mid-Scale Hospitality Market – The mid-scale hotel segment is witnessing increasing demand, especially among business travelers and budget-conscious tourists.
- Expansion Plans – The IPO proceeds will be used to expand hotel properties, which could lead to higher revenue and market share.
- Debt Reduction – A portion of the IPO funds will be used for loan repayment, reducing financial burdens and improving profitability.
- Consistent Revenue Growth – The company has shown positive revenue trends, supported by increasing occupancy rates and improved room pricing strategies.
Risks of Grand Continent Hotels Limited IPO
- Dependence on Economic and Tourism Trends – Any slowdown in travel or economic downturns can negatively impact occupancy rates and revenue.
- Competitive Industry – The hospitality sector is highly competitive, with strong players like OYO, Treebo, and large hotel chains dominating the market.
- Regulatory and Compliance Risks – Changes in government policies, taxation, or industry regulations could impact operations and profitability.
- High Operating Costs – Hotel operations involve significant fixed costs, including staff salaries, maintenance, and utilities, which can pressure profit margins.
- Listing on NSE SME Platform – As a small-cap IPO, the stock may have lower liquidity and higher price volatility compared to mainboard-listed companies.
Grand Continent Hotels Limited Contact Details
Grand Continent Hotels Limited is a hospitality company operating in India. For inquiries or further information, you can reach them through the following contact details:
- Registered Address: Old No. 23, New No. 51, Eldams Road, Alwarpet, Chennai, Tamil Nadu, India – 600018.
- Email: grandcontinent.ipo@linkintime.co.in
- Website: grandcontinenthotels.com
Grand Continent Hotels IPO Registrar
The registrar for the Grand Continent Hotels Limited IPO is Link Intime India Private Ltd. They are responsible for managing the IPO process, including allotment and refund procedures.
- Company: Link Intime India Private Ltd
- Address: C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli West, Mumbai – 400083, Maharashtra
- Phone: +91 810 811 4949
- Email: grandcontinent.ipo@linkintime.co.in
- Website:www.linkintime.co.in
Who are the Grand Continent Hotels Limited IPO Lead Managers?
The Grand Continent Hotels Limited IPO is being managed by Indorient Financial Services Ltd, serving as the book-running lead manager.
- Company: Indorient Financial Services Ltd
- Address: A/501, Rustomjee Central Park, Executive Spaces, Andheri Kurla Road, Chakala, Mumbai – 400093, Maharashtra
- Phone: +91 79772 12186
- Website:www.indorient.in
For any inquiries or further information regarding the IPO, you can contact Indorient Financial Services Ltd through the provided contact details.
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