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Grand Continent Hotels' IPO is a book-built issue valued at ₹74.46 crores. The offering consists of a fresh issue of 62.60 lakh shares, amounting to ₹70.74 crores, along with an offer for sale of 3.29 lakh shares, totaling ₹3.72 crores.
The Grand Continent Hotels IPO will be open for subscription from March 20, 2025, to March 24, 2025. The IPO allotment is expected to be finalized on March 25, 2025, with the shares scheduled to list on NSE SME on March 27, 2025.
The IPO price band is set between ₹107 and ₹113 per share. The minimum application lot size is 1,200 shares, requiring a minimum investment of ₹1,28,400 for retail investors. However, to avoid the risk of oversubscription, investors are advised to bid at the cutoff price, which would require an investment of ₹1,35,600. For high-net-worth individuals (HNIs), the minimum investment is 2 lots (2,400 shares), amounting to ₹2,71,200.
1 lot)
| IPO Date | March 20, 2025 to March 24, 2025 |
| Listing Date | 20 March 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹107 to ₹113 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 65,89,200 shares (aggregating up to ₹74.46 Cr) |
| Fresh Issue | 62,60,400 shares (aggregating up to ₹70.74 Cr) |
| Offer for Sale | 3,28,800 shares of ₹10 (aggregating up to ₹3.72 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,86,59,003 shares |
| Share Holding Post Issue | 2,49,19,403 shares |
| Market Maker Portion | March 20, 2025, to March 24, 2025 |
| IPO Open Date | Thu, Mar 20, 2025 |
| IPO Close Date | Mon, Mar 24, 2025 |
| Tentative Allotment | Tue, Mar 25, 2025 |
| Initiation of Refunds | Wed., Mar 26, 2025 |
| Credit of Shares to Demat | Wed, Mar 26, 2025 |
| Tentative Listing Date | Thu, Mar 27, 2025 |
| Cut-off time for UPI mandate confirmation | Wed., Mar 26, 2025 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,35,600 |
| Retail (Max) | 1 | 1200 | ₹1,35,600 |
| HNI (Min) | 2 | 2,400 | ₹2,71,200 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Iusse |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Isssue |
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 97.94 | 73.91 | 42.26 | 34.37 |
| Revenue | 31.86 | 31.53 | 17.05 | 6.03 |
| Profit After Tax | 6.81 | 4.12 | 1.05 | -0.79 |
| Net Worth | 40.18 | 29.99 | 0.59 | -1.63 |
| Reserves and Surplus | 22.36 | 26 | -0.42 | -2.64 |
| Total Borrowing | 40.22 | 34.96 | 37.07 | 34.72 |
Maximizing Opportunities with Grand Continent Hotels Limited IPO
The Grand Continent Hotels Limited IPO presents a promising investment opportunity with a price band set between ₹107 and ₹113 per share. Investors looking to participate in this IPO should be aware of the required investment criteria.
For retail investors, the minimum investment stands at ₹1,28,400, while high-net-worth individuals (HNIs) must invest at least ₹2,71,200. This makes it essential for investors to plan their funds accordingly before placing their bids.
With the listing scheduled on NSE SME by March 27, 2025, market demand and the likelihood of oversubscription should be carefully evaluated. Investors are advised to make informed decisions to enhance their chances of securing an allotment.
