Grand Continent Hotels Limited, an Indian mid-market hotel chain, is set to launch its IPO on March 20, 2025, with a price band of ₹107-₹113 per share. The IPO, closing on March 24, aims to raise funds for loan repayment and expansion. Investors can bid for a minimum of 1,200 shares.
Grand Continent Hotels Limited, a Bengaluru-based mid-market hotel chain, is launching its Initial Public Offering (IPO) on March 20, 2025. The IPO, set to close on March 24, is priced between ₹107 and ₹113 per equity share of face value ₹10 each.
Founded in 2011, Grand Continent Hotels operates 19 properties across six major cities in India, offering over 900 rooms. The company focuses on providing affordable and quality accommodations, targeting business and leisure travelers.
The funds raised through the IPO will be used primarily for loan repayment and expansion efforts. Investors can place bids for a minimum of 1,200 shares and in multiples of 1,200 thereafter. The floor price is set at 10.70 times the face value, while the cap price stands at 11.30 times.
With the Indian hospitality industry on the rise, market analysts will be closely watching the demand for Grand Continent Hotels’ public offering.
