Grand Continent Hotels IPO Allotment Status: Check Latest GMP, Steps to Verify

Grand Continent Hotels IPO allotment is scheduled for today, March 25, 2025. Founded in 2011, the Grand Continent Hotels Limited operates in the mid-scale hospitality sector. It has properties in prime business districts and entertainment hubs. The IPO for Grand Continent Hotels Limited was open for bidding from March 20, 2025, to March 24, 2025. The IPO will be listed on the NSE website, with the tentative listing date scheduled for Tuesday, March 25, 2025.

Steps to Check Grand Continent Hotels IPO Allotment Status on NSE

Here is the process to check Grand Continent Hotels IPO Allotment Status on NSE:

1. Open the Application Status page of NSE here. 
2. Choose 'Equity & SME IPO bid details'. 
3. Select 'GC Hotels' from the list of companies. 
4. Enter your IPO application number and PAN details. 
5. Click on the submit button to check the details of the share allotment. 

IPO Details

The ₹74.46 crore Grand Continent Hotels IPO comprises a fresh issue of 62.60 lakh shares. The price band is set between ₹107-₹113 per share, and the tentative listing date on NSE SME is Tuesday, March 25, 2025.

Indorient Financial Services Ltd is the book-running lead manager for the issue, Link Intime India Private Ltd is the registrar, and Alacrity Securities Ltd. is the market maker.

Use of Proceeds

The IPO proceeds will be used towards: 

• Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
• Expansion of the Hotel properties in India.
• Meeting general corporate requirements.

Grand Continent Hotels IPO - Overall Subscription Status 

(March 24, 2025, end of the day)

GMP (Grey Market Premium) Details

As of March 25, 2025, the GMP for Grand Continent Hotels Limited remains nil, which indicates the expected percentage gain/loss per share at 0%. The shares were trading flat at around ₹113 apiece, which is also the upper end of the IPO price.

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.
Source: Business Standard Media Report dated March 25, 2024

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.

Grand Continent Hotels - Business Overview

Grand Continent Hotels, founded in 2011 by Ramesh Shiva, has established itself as a leading Indian hotel management company dedicated to delivering superior, personalised hospitality experiences. The brand has expanded its presence across six cities, operating 17 premium hotels with over 550 keys. The company's portfolio includes properties in Bengaluru, Mysuru, Tirupati, Hosur, Goa, and Secunderabad, catering to both business and leisure travellers. ​

In the fiscal year 2023-2024, Grand Continent Hotels reported a significant increase in revenue, reaching ₹32.07 crore, up from ₹16.75 crore in the previous year.

Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.

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