ListedSME platform

Grand Continent Hotels Limited

GCHOTELS20 Mar 2025 – 24 Mar 2025
Issue price
₹113
final issue price
Issue size
—
Lot size
1,200 sh
₹1,35,600 a lot
Listed on
27 Mar 2025
NSE
Notes

Grand Continent Hotels Limited was a SME-platform initial public offer.

The book was open from 20 March 2025 to 24 March 2025.

The issue was priced at ₹113 a share, from a band of ₹107 to ₹113.

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

The shares listed on 27 March 2025.

How it has done since listing

This issue has no ISIN on file, so its listed price history cannot be matched.

The offer
Issue price
₹113
face value ₹10
Lot size
1,200 sh
₹1,35,600 a lot
Registrar
MUFG Intime India Private Limited (Formerly Link Intime India Private Limited)
Lead manager
  • Indorient Financial Services Limited
What happens when
5-day book
  1. Bidding opens20 Mar 2025
  2. Bidding closes24 Mar 2025
  3. Basis of allotmentnot published

    Not published in the exchange feeds we ingest — we do not estimate it.

  4. Listing27 Mar 2025
Subscription

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

Demand at each price

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

Anchor investors

We have not extracted an anchor allotment list for this issue.

When locked shares come free
computed from ICDR rules
  • All other pre-issue capital
    SEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment
    27 Sept 2025
    already free
  • Promoters' minimum contribution
    SEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment
    27 Sept 2026
    already free

Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.

How the price was set
as printed in the red herring prospectus

Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.

Asking, at the top of the band
—
The issuer's chosen peers
44.9x
average of a 22.0x – 67.8x range
Earnings the price leans on
—
Earnings per share, by year
YearBasicDilutedWeight
FY2022₹-0.53₹-0.531
FY2023₹0.70₹0.702
FY2024₹2.54₹2.543

Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.

Restated financials

Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.

Objects of the offer

We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.

Who the issuer compares itself to
as printed in the offer document

The offer document must name the listed companies the issuer considers comparable, and print their valuation figures beside its own. This is that list — the issuer’s choice of comparison, not ours.

CompanyP/ERoNW
Lemon Tree Hotels Limited67.812.3%
Royal Orchids Hotels Limitednot in our universe22.025.1%
Sayaji Hotels Limited32.47.0%
The issuer’s own figures, as it printed them
EPS
₹2.54
NAV per share
₹75.17
Return on net worth
26.67%

The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.

Figures as PRINTED by the issuer in its own offer document. The comparison set is the issuer's choice, not ours.

Who ran this issue, and what else they have run
past issues only
Lead manager
FirmIssuesTypical listing move
Indorient Financial Services Limited
2023 – 2026
8
1 measurable
-5.0%
Registrar
FirmIssuesTypical listing move
Mufg Intime India Private Limited
2025 – 2026
90
29 measurable
+13.2%

A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.

Read the offer documents
2 filed

Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.

Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.