Listed
Grand Continent Hotels Limited IPO
Grand Continent Hotels IPO is a book built issue of Rs 74.46 crores. The issue is a combination of fresh issue of 62.60 lakh shares aggregating to Rs 70.74 crores and offer for sale of 3.29 lakh shares aggregating to Rs 3.72 crores. Grand Continent Hotels IPO opens for subscription on March 20, 2025 and closes on March 24, 2025. The allotment for the Grand Continent Hotels IPO is expected to be finalized on Tuesday, March 25, 2025. Grand Continent Hotels IPO will be list on NSE SME with a tentative listing date fixed as Thursday, March 27, 2025.
Min Investment
₹1,28,400
Lot Size
1200 Shares
Price Range
₹107.0 - 113.0
Issue Size (₹ Cr.)
₹74.46 Cr
IPO Type
SME
Key Metrics
Face Value
₹ 10 per share
GMP
Subscription
1.79x
EPS
₹ 5.47
P/E Ratio
20.67 x
RoNW
26.67%
ROE
25%
Debt to Equity (₹ Cr.)
6.26
Timeline
IPO Opened20/03/2025Thursday
IPO Closed24/03/2025Monday
Allotted25/03/2025Tuesday
Refunded26/03/2025Wednesday
Listed27/03/2025Thursday
Strengths
- Established Presence in the Hospitality Industry – Operates a well-known mid-scale hotel chain catering to business and leisure travelers, primarily in South India.
- Growing Tourism & Hospitality Demand – Benefits from rising domestic travel, business tourism, and increasing demand for budget hotels in key locations.
- Expansion Plans with IPO Proceeds – Funds raised will be used to expand hotel infrastructure and improve facilities, driving future revenue growth.
- Strong Brand Recognition – The company has built a loyal customer base and a reputation for quality services, enhancing occupancy rates and customer retention.
- Revenue Growth Potential – The Indian hospitality sector is recovering post-pandemic, presenting opportunities for higher occupancy and profitability.
Weaknesses
- High Debt Levels – The company has a Debt-to-Equity ratio of 6.26, indicating heavy reliance on borrowings, which may impact financial stability.
- Competitive Hospitality Market – Faces strong competition from larger hotel chains and online hospitality platforms, affecting pricing power and occupancy rates.
- Economic & Seasonal Risks – The hospitality industry is highly sensitive to economic downturns, travel restrictions, and seasonal demand fluctuations.
- High Operational Costs – Hotel maintenance, staff wages, and utility expenses are significant, potentially impacting profitability if occupancy rates decline.
- IPO Funds Primarily for Debt Repayment – A large portion of the IPO proceeds will go toward reducing debt rather than direct business expansion, which may slow future growth.
Financials
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets(₹Cr) | 97.94 | 73.91 | 42.26 | 34.37 |
| Revenue(₹Cr) | 31.86 | 31.53 | 17.05 | 6.03 |
| Profit After Tax(₹Cr) | 6.81 | 4.12 | 1.05 | -0.79 |
| Net Worth(₹Cr) | 40.18 | 29.99 | 0.59 | -1.63 |
| Reserves and Surplus(₹Cr) | 22.36 | 26 | -0.42 | -2.64 |
| Total Borrowing(₹Cr) | 40.22 | 34.96 | 37.07 | 34.72 |
Subscription Details
IPO Bidding Live Updates from NSE SME
| Day | # of Share Offered | Number of Lots Offered | 20/03/2025 | 21/03/2025 | 24/03/2025 |
|---|---|---|---|---|---|
| QIB | 12,49,200 | 1041 | 0.71x | 0.71x | 2.93x |
| NII | 9,37,200 | 781 | 0.42x | 0.14x | 1.39x |
| RII | 21,87,600 | 1823 | 0.19x | 0.43x | 1.32x |
| Total | 43,86,000 | 3655 | 0.39x | 0.45x | 1.79x |
IPO Bidding Live Number of Shares by Category
| Category | Number of Shares offered | Number of Shares Bid | Bid Amount(Rs Cr) | ||
|---|---|---|---|---|---|
| QIB | 12,49,200 | 36,66,000 | 41.43 | ||
| NII | 9,37,200 | 13,00,800 | 14.70 | ||
| RII | 21,87,600 | 28,88,400 | 32.64 | ||
| Total | 43,86,000 | 78,67,200 | 88.90 |
Company Details
- S No. 245/1A/1B, Venpursham Village, Veeralapakkam, Thiruporur, Chengalpattu, Mamallapuram, Kanchipuram, Tirukalikundram-603110
080 4165 6491
- cs@grandcontinenthotels.com
- https://grandcontinenthotels.com/
