Grand Continent Hotels IPO GMP: Grand Continent Hotel is already in the buzz for its recent IPO. Since the Grand Continent Hotels IPO GMP has not yet started, it is the best time to keep an eye on this IPO. Let’s unleash all the details regarding the Grand Continent Hotel IPO GMP in this article.
About Grand Continent Hotels
With more than 20 years of expertise, Grand Continent Hotels is a top hotel management firm in India, known for creating hospitable spaces that meet the individual demands of their customers. In order to optimize operational effectiveness and provide outstanding results, Grand Continent Hotels also works in partnership with property owners. From strategic planning to day-to-day operations, they are dedicated to making sure that guests are satisfied and that owners have faith in their knowledge.
The mission of Grand Continent Hotels is to provide exceptional, individualized hospitality experiences that leave a lasting good impression. The company focuses on offering Indian middle-class visitors and business travelers distinctive yet excellent experiences. In order to guarantee that their customers obtain high-quality services at a reasonable cost, they simultaneously concentrate on providing a value-for-money proposition.
Details of Grand Continent Hotels IPO
March 20 is the date of the Grand Continent Hotels IPO. An IPO is being held by Grand Continent Hotels, an SME, to raise ₹74.46 crores. Grand Continent Hotels’ initial public offering has a market lot of 1200 shares, and its pricing range is set at ₹107 to ₹113. Founded in 2011, Grand Continent Hotels is a rapidly expanding company in the mid-scale hotel industry, which includes economy segments of hotels, the mid-priced, as well as the upper-mid priced.
As of September 30, 2024, Grand Continent Hotels and its joint venture partners operate 16 hotel properties and 753 hotel keys spread across Andhra Pradesh (Tirupati), Telangana (Secunderabad), Tamil Nadu (Hosur), Karnataka (Bengaluru), and Goa (Anjuna). Other details regarding the Grand Continent Hotels IPO are given below:
| Opening Date of the IPO | 20 March 2025 |
| Closing Date of the IPO | 24 March 2025 |
| Listing Date of the IPO | 27 March 2025 |
| Allotment Date of the IPO | 25 March 2025 |
| Credit Date | 26 March 2025 |
| Listed At | NSE SME |
| Issue Type | Book Built Issue |
| Price Band of the IPO | ₹107 to ₹113 per share |
| Face Value | ₹ 10 per equity share |
Grand Continent Hotels IPO GMP
According to sources monitoring unofficial market activity, Grand Continent Hotels’ unlisted shares were trading flat at 113 naira each, which is also the higher end of the IPO pricing. Effective today, March 22, the Grand Continent Hotels IPO GMP (grey market premium) is zero.
Conclusion
The Grand Continent Hotels IPO GMP has, in short, exhibited a largely flat or neutral trajectory, suggesting a cautious attitude among investors. It’s important to keep in mind that, although the GMP provides insight into pre-listing market sentiment, it is not a reliable indicator of how the company will perform after it is formally listed.
When making investment decisions, investors should not rely only on Grand Continent Hotels IPO GMP data but also perform extensive due diligence, taking into account the company’s fundamentals and market conditions. For more information, go to the Angelone app, which allows you to start investing right away and set up your Demat account with only one swipe.
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