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Issue Open Date
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20-Mar-25
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Issue Closing Date
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24-Mar-25
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Application Money
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100
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Allotment Money
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Price Band
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107
-
113
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Minimium Application No.
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1200
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Issue Size (Shares)
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4716000
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Market Lot
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1
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Objective
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1. Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by our Company2. Expansion of our Hotel properties in India3. General Corporate Purpose
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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1630800
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Qualified Institutional Buyers
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3666000
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Retail Individual Investors
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2888400
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Business Description
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).
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Promoter's Holding
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Total Share Capital
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13997300
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Offered to Public
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6589200
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Promoter's Holding (Pre-Issue)
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75.02
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Promoter's Holding (Post-Issue)
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Address |
S No. 245/1 A/1 B
Venpursham Village
Veeralapakkam
Thiruporur
Chengalpattu
Mamallapuram
Tirukalikundram
Kanchipuram,
Tamil Nadu,
603110
Phone : 044-35808280
Email : infoblr@grandcontinenthotels.com
Website : www.grandcontinenthotels.com
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Registrar |
MUFG Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
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Listed at |
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NSE
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Lead Manager |
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Indorient Financial Services Ltd.
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Promoters |
Ramesh Siva
Vidya Ramesh
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