Founded in 2011, Grand Continent Hotels Limited is a hotel chain in India. The company caters to the mid-market segment, operating 19 properties across six major Indian cities, offering over 900 rooms.
Each hotel is strategically located in prime urban areas, designed to meet the diverse needs of both business and leisure travelers.
Grand Continent Hotels elevates customer experience by providing straightforward service interactions, user-friendly infrastructure, and a commitment to delivering value for money. They prioritize sustained service levels, availability, and regularly benchmark and update their services to meet evolving guest expectations.
As of September 30, 2024, the company and JV Partner Entities operate 16 hotels with 753 keys across Karnataka (Bengaluru/Mysuru), Tamil Nadu (Hosur), Goa (Anjuna/Morjim), Andhra Pradesh (Tirupati), and Telangana (Secunderabad).
The company serves Indian middle-class guests and business travelers with differentiated, comfortable services and value-for-money propositions.
Each Grand Continent Hotels property is equipped with modern amenities and services, including:
As of September 30 2024, the company had 538 employees in various departments.
Competitive Strength
| 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 |
| Amount in ₹ Crore | ||||
The market capitalization of Grand Continent Hotels IPO is Rs 281.59 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 25% |
| ROCE | 17% |
| Debt/Equity | 1.13 |
| RoNW | 26.67% |
| PAT Margin | 13.05 |
| Price to Book Value | 1.50 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.21 | 5.47 |
| P/E (x) | 51.24 | 20.67 |
The Company Grand Continent Hotels IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the Company | 340.81 |
| 2 | Expansion of the Hotel properties in India | 167.92 |
| 3 | General Corporate Purpose |
| IPO Date | March 20, 2025 to March 24, 2025 |
| Listing Date | [.] |
| 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 | 3,30,000 shares |
The promoters of the company are Mr. Ramesh Siva and Mrs.Vidya Ramesh.
| Share Holding Pre Issue | 75.03% |
| Share Holding Post Issue |
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