Grand Continent Hotels Limited

CLOSED

SME IPO · IPO Guide

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Price Band

₹107 – ₹113

Lot Size

1200Shares

Min. Investment

₹135,600

Subscription

0.38x

Expert Rating

Avoid

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Lot Size Calculator

Application	Lots	Shares	Amount
Retail (Min)	1	1,200	₹1,35,600
Retail (Max)	2	2,400	₹2,71,200
S-HNI (Min)	3	3,600	₹4,06,800
S-HNI (Max)	7	8,400	₹9,49,200
B-HNI (Min)	8	9,600	₹10,84,800

As per financials, Grand Continent Hotels Limited has shown good growth, RoNW is 26.67% and P/E is respectively 272.09, 69.06 and 22.62 as per FY23, FY24 and annualized FY25 earnings. So, issue looks aggressively priced in current market conditions and sudden rise in net-profit just before IPO raises concerns. Company is engaged in the mid-scale hotel sector, consisting of the upper-mid priced, mid-priced and economy hotel segments, which is highly fragmented and competitive business segment. So, we give AVOID rating for this IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

Offer for Sale

1
Offer for Sale(a) Sell upto 3,28,800 equity shares (Rs 3.72/- Cr) of the selling shareholders of the company.Fresh Issue(a) Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company. ( Rs 34.08/- Cr )(b) Expansion of the Hotel properties in India. ( Rs 16.79/- Cr )(c) General corporate purposes.
2
Offer for Sale(a) Sell upto 3,28,800 equity shares (Rs 3.72/- Cr) of the selling shareholders of the company.

Fresh Issue

1
Fresh Issue(a) Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company. ( Rs 34.08/- Cr )(b) Expansion of the Hotel properties in India. ( Rs 16.79/- Cr )(c) General corporate purposes.
2
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decision
3
Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this applicatio
4
With entry barriers, SEBI wants only well informed investors to participate is such SME offer
5
With crazy recent listings, SME IPOs have started drawing attention of investors across the boar
6
However, as SME issues have entry barriers and continued low preference from broking community, any reader taking decisions based on any information published here does so entirely at own ris
7
Above information is based on information available as on date coupled with market perception

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Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

As on Date	QIB	NII	RII	Total
Shares Offered / Reserved	12,49,200	9,37,200	21,87,600	43,74,000
Day 1 20-03-25	8,83,200 (0.71)	3,87,600 (0.41)	3,86,400 (0.18)	16,60,800 (0.38)

Period	Total Income	Total Expenses	Profit After Tax (PAT)
30.09.24 FY25	31.86	23.86	6.81
FY24	31.53	26.01	4.12
FY23	17.05	15.15	1.05
FY22	6.03	7.67	(0.79)

Open Date	Mar 20, 2025
Close Date	Mar 24, 2025
Allotment Date	Mar 26, 2025
Listing Date	Mar 27, 2025
Face Value	₹ 10 Per Equity Share
Issue Price	₹ 107 to ₹ 113 Per Equity Share
Issue Size	Total Equity Shares of 65,89,200 with aggregating up to Rs 74.46/- Cr Fresh Issue of Up to 62,60,400 with aggregating up to Rs 70.74/- Cr Offer for sale Up to 3,28,800 with aggregating up to Rs 3.72/- Cr
Retail Min Lot	1 Lot (1,200 Shares - ₹ 1,35,600)
Lead Manager	Indorient Financial Services Limited

Company	P/B Ratio	P/E Ratio	RoNW	Total Revenue (Cr)
Grand Continent Hotels Limited Current	2.54	69.1	26.7%	32
Lemon Tree Hotels Limited	10.0	56.8	16.3%	1,235
Sayaji Hotels Limited	3.02	33.1	7.04%	132
Lemon Tree Hotels Limited	10.0	56.8	16.3%	1,235

Grand Continent Hotels Limited

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