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Grand Continent Hotels Ltd.

Hotel, Resort & Restaurants

IPO Details
  • Issue Type Book building
  • Price range Rs.107-113
  • Market Lot 1200
  • Total Equity Shares 4716000
  • Face Value Rs. 10
  • Listing Date Mar 27, 2025
IPO Timeline
Opening date Mar 20, 2025
Closing date Mar 24, 2025
Listing Date Mar 27, 2025

IPO Details

We operate in the mid-scale hotel sector, consisting of the upper-mid priced, mid-priced and economy hotel segments. Weseek to cater to Indian middle-class guests and business travellers and to deliver differentiated yet superior service offerings,with a value-for-money proposition. Our Company along with the JV Partner Entities have 16 operational hotel propertiesand operates a total of 753 hotel keys as of September 30,2024 across states of Karnataka (Bengaluru), Tamil Nadu (Hosur),Goa (Anjuna), Andhra Pradesh (Tirupati) and Telangana (Secunderabad).

Projects

1. Project Name: Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by our

Project Cost: 347.284

2. Project Name: Expansion of our Hotel properties in India

Project Cost: 167.924

Promoters

Prmoters Name

1. Ramesh Siva

2. Vidya Ramesh

Prmoters Holdings
  • Pre Share Capital: 13997300
  • Pre Promoter Holding: 75.02
  • Offer to Public: 6589200
  • Post Share Capital:
  • Post Promoter Holding:

Registrar

Data not availble

Lead Managers

  • Indorient Financial Services Ltd.

Subscription Details

Field Description Field Value
Ipo Code 3276
Total Equity 4716000

Field Description Field Value
No of Shares Offered/Reserved For Qualified Institutional Buyers 0
No of Shares Bid For Qualified Institutional Buyers 3666000
Total No of Shares Bid For Qualified Institutional Buyers 0.00
No of Shares Offered/Reserved For Foreign Institutional Buyers 0
No of Shares Bid For Foreign Institutional Buyers 1771200
Total No of Shares Bid For Foreign Institutional Buyers 0.00
No of Shares Offered/Reserved For Mutual Fund 0
No of Shares Bid For Mutual Fund 0
Total No of Shares Bid For Mutual Fund 0.00
No of Shares Offered/Reserved For Qualified Institutional Buyers - Others 0
No of Shares Bid For Qualified Institutional Buyers - Others 1894800
Total No of Shares Bid For Qualified Institutional Buyers - Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Non-Institutional Buyers 0
No of Shares Bid For Non-Institutional Buyers 1630800
Total No of Shares Bid For Non-Institutional Buyers 0.00
No of Shares Offered/Reserved For Corporate 0
No of Shares Bid For Corporate 330000
Total No of Shares Bid For Corporate 0.00
No of Shares Offered/Reserved For Individuals 0
No of Shares Bid For Individuals 1290000
Total No of Shares Bid For Individuals 0.00
No of Shares Offered/Reserved For Individuals - Others 0
No of Shares Bid For Individual Others 10800
Total No of Shares Bid For Individual Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Retail Individual Investor 0
No of Shares Bid For Retail Individual Investor 2888400
Total No of Shares Bid For Retail Individual Investor 0.00
No of Shares Offered/Reserved For Retail Individual Investor - Cutoff 0
No of Shares Bid For Retail Individual Investor - Cutoff 2008800
Total No of Shares Bid For Retail Individual Investor - Cutoff 0.00
No of Shares Offered/Reserved For Retail Individual Investor 0
No of Shares Bid For Retail Individual Investor 879600
Total No of Shares Bid For Retail Individual Investor 0.00

Field Description Field Value
No of Shares Offered/Reserved For Employee 0
No of Shares Bid For Employee 12000
Total No of Shares Bid For Employee 0.00
No of Shares Offered/Reserved Employee - Cutoff 0
No of Shares Bid For Employee - Cutoff 9600
Total No of Shares Bid For Employee - Cutoff 0.00
Total No of Shares Bid Offered/Reserved For Employee 0
No of Shares Bid Offered/Reserved For Employee 2400
Total No of Shares Bid For Employee 0.00

Field Description Field Value
No of Shares Offered/Reserved For All 0
No of Shares Bid For All 8197200
Total 0.00