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Grand Continent Hotels IPO

₹1,28,400/1200 shares

Minimum Investment

IPO Details

Open Date

20 Mar 25

Close Date

24 Mar 25

Minimum Investment

₹1,28,400

Lot Size

1200

Price Range

₹107 to ₹113

Listing Exchange

NSE

Issue Size

₹74.46 Cr

Listing Date

27 Mar 25

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Grand Continent Hotels IPO Timeline

Bidding Start

20 Mar 25

Bidding Ends

24 Mar 25

Allotment Finalisation

25 Mar 25

Refund Initiation

26 Mar 25

Demat Transfer

26 Mar 25

Listing

27 Mar 25

Grand Continent Hotels Limited

Grand Continent Hotels Limited operates in the mid-scale hotel sector, encompassing upper-mid priced, mid-priced, and economy segments. Catering to Indian middle-class guests and business travellers, the company offers differentiated yet superior services with a value-for-money approach. As of September 30, 2024, it manages 16 operational hotels with 753 keys across Karnataka, Tamil Nadu, Goa, Andhra Pradesh, and Telangana. With a strong presence in Bengaluru, accounting for 71.43% of its portfolio, the company follows an asset-light model and partners with franchise brands to enhance marketing and sales.

SWOT Analysis of Grand Continent Hotels IPO

Strength and Opportunities

  • Strong presence in Bengaluru.
  • Asset-light business model.
  • Established franchise partnerships.
  • Growing domestic tourism demand.
  • Expansion plans for 2000+ keys by FY26.

Risks and Threats

  • High dependence on Bengaluru market.
  • Vulnerability to economic downturns.
  • Intense competition in mid-scale segment.
  • Rising operational and lease costs.
  • Seasonal fluctuations in occupancy rates.

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About Grand Continent Hotels Limited IPO

Grand Continent Hotels Limited IPO Highlights

Grand Continent Hotels IPO Key Financials (in ₹ lakhs)

Particulars 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 7391.43 4226.10 3436.58
Revenue 3123.69 1680.15 602.69
Profit After Tax 411.50 104.87 (79.29)
Reserves and Surplus 2600.30 (42.27) (264.21)
Total Borrowings 3496.26 3706.58 3472.33

Grand Continent Hotels IPO Strengths

  • Offers premium hospitality in the mid-priced segment with quality service.
  • Strategically located properties ensure accessibility for travellers.
  • Strong asset management enhances performance and revenue.
  • Experienced leadership drives growth and efficiency.
  • Well-positioned to benefit from India’s growing travel demand.

Grand Continent Hotels Limited  IPO Valuation Overview

KPI Value
Earnings Per Share (EPS) 2.54
Price/Earnings (P/E) Ratio TBD
Return on Net Worth (RoNW) 26.67%
Net Asset Value (NAV) 75.17
Return on Equity 25%
Return on Capital Employed (ROCE) –
EBITDA Margin 31.58%
PAT Margin 12.93%
Debt to Equity Ratio 0.55

Peer Group Comparison

Name of the Company Face Value (₹) Basic EPS (₹) RoNW (%) P/E (x) times NAV (₹)
Grand Continent Hotels Limited 10.00 2.54 26.67% [●] 75.17
Peer Group
Lemon Tree Hotels Limited 10.00 1.88 11.73% 64.68 19.52

Objectives of the Proceeds

  • Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the company, ₹3472.84 lakhs
  • Expansion of hotel properties in India, ₹1679.24
  • Meet general corporate expenses

How to apply IPO with HDFC SKY?

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1Login to your HDFC SKY Account

2Select Issue

3Enter Number of Lots and your Price.

4Enter UPI ID

5Complete Transaction on Your UPI App

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