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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Grand Continent Hotels Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹113
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,35,600
Issue Size
₹74.46 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
75.02%
Promoter Holding (Post-Issue)
54.85%
Issue Type
Book Building - SME
ISIN
INE12E301017
Grand Continent Hotels Limited operates in the mid-scale hotel sector, consisting of the upper-mid priced, mid-priced and economy hotel segments. The Company seeks to cater to Indian middle-class guests and business travellers and to deliver differentiated yet superior service offerings, with a value-for-money proposition. The Company has 16 operational hotels and operates a total of 753 keys as of September 30, 2024 across states of Karnataka (Bengaluru), Tamil Nadu (Hosur), Goa (Anjuna), Andhra Pradesh (Tirupati) and Telengana (Secunderabad). Its adjusted occupancy across all properties is 72.33% for the six months period ended September 30, 2024, 75.17% for FY 2024, 79.00% for FY 2023 and 61.90% for FY 2022.
India's mid-scale hotels market generated a revenue of INR 316.3 billion in 2023 and is projected to expand at a CAGR of 9.0% from 2023 to 2029, reaching an estimated revenue of INR 530.1 billion by the end of the forecast period. Mid-Scale Hotels constitute approximately 56.0% of the total room supply, signifying their dominance in catering to a broad spectrum of business and leisure travelers. As of 2023, the mid-scale hotels market in India offered an estimated 230,000 rooms across both branded and independent properties. This supply is projected to grow at a CAGR of 5.0% from 2023 to 2029, driven by an increasing number of hotel developments and expansions within this category.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of upto 65,89,200 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Grand Continent Hotels Limited ("The Company" or "GCHL" or "The Issuer") at a price of Rs. 113 per equity share (including a premium of Rs. 103 per equity share) ("Offer Price") for cash, aggregating up to Rs. 74.46 crores ("Offer") comprising of a fresh issue of up to 62,60,400 equity shares of face value of Rs. 10/- each aggregating up to Rs. 70.74 crores (the "Fresh Issue") and an offer for sale of up to 3,28,800 equity shares of face value of Rs. 10/- each aggregating up to Rs. 3.72 crores by Ramesh Siva (the "Promoter Selling Shareholder"). TThe offer includes a reservation of 3,30,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 113 per equity share for cash, aggregating to Rs. 3.73 crores (constituting up to 5.01% of the post offer paid-up equity share capital of the company) for subscription by the market maker to the offer (the "Market Maker Reservation Portion") and a reservation of up to 12,000 equity shares, aggregating up to Rs. 0.14 crores (constituting up to 0.18% of the post offer paid-up equity share capital of the company), for subscription by eligible employees (the "Employee Reservation Portion"). The offer less market maker reservation portion and employee reservation portion i.e. offer of 62,47,200 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 113 per equity share for cash, aggregating upto Rs. 70.59 crores is herein after referred to as the "Net Offer". The offer and net offer will constitute 26.44% and 25.07% respectively of the post-offer paid-up equity share capital of the company. Price Band is Rs. 113 per equity share of face value of Rs. 10 each. The cap price is 11.3 times of the face value. Bids can be made for the minimum of 1200 equity shares and in multiples of 1200 equity shares thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Grand Continent Hotels Limited was originally incorporated as a private limited company under the Companies Act, 1956 in the name and style of "Grand Continent Hotels Private Limited" pursuant to certificate of incorporation dated November 11, 2011 issued by the RoC, Chennai, Tamil Nadu bearing Corporate Identity Number U55101TN2011PTC083100. Subsequently, the Company was converted into public limited company pursuant to special resolution passed in the EGM held on May 27, 2024, and consequently, the name of the Company was changed to "Grand Continent Hotels Limited" and a fresh certificate of incorporation dated August 30, 2024 consequent upon conversion from private company to public company was issued by RoC, Central Processing Centre bearing CIN U55101TN2011PLC083100.
The Company seeks to cater to Indian middle-class guests and business travellers.
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.