Get Quotes
SENSEX
80291.51

3.13
NIFTY
24333.95

-2.00
USD-INR
85.56

-0.06
EUR-INR

Home  >  IPO >  IPO Synopsis
IPO Synopsis
Select Items
Back
Grand Continent Hotels Ltd
Registered Office : S No. 245/1A/1B Venpursham (V),Veeralapakkam Thiruporur , Kanchipuram - 603110 , Tamil Nadu , India.
Phone : +91 80 4165 6491   Fax:
Email :  cs@grandcontinenthotels.com  
Website :  https://grandcontinenthotels.com
Initial public offering of upto 65,89,200 equity shares of face value of Rs10/- each (the "Equity Shares") of Grand Continent Hotels Limited ("The Company" or "GCHL" or "The Issuer") at a price of Rs113 per equity share (including a premium of Rs103 per equity share) ("Offer Price") for cash, aggregating up to Rs74.46 crores ("Offer") comprising of a fresh issue of up to 62,60,400 equity shares of face value of Rs10/- each aggregating up to Rs70.74 crores (the "Fresh Issue") and an offer for sale of up to 3,28,800 equity shares of face value of Rs10/- each aggregating up to Rs3.72 crores by Ramesh Siva (the "Promoter Selling Shareholder"). TThe offer includes a reservation of 3,30,000 equity shares of face value of Rs10/- each, at an offer price of Rs113 per equity share for cash, aggregating to Rs3.73 crores (constituting up to 5.01% of the post offer paid-up equity share capital of the company) for subscription by the market maker to the offer (the "Market Maker Reservation Portion") and a reservation of up to 12,000 equity shares, aggregating up to Rs0.14 crores (constituting up to 0.18% of the post offer paid-up equity share capital of the company), for subscription by eligible employees (the "Employee Reservation Portion"). The offer less market maker reservation portion and employee reservation portion i.e. offer of 62,47,200 equity shares of face value of Rs10/- each, at an offer price of Rs113 per equity share for cash, aggregating upto Rs70.59 crores is herein after referred to as the "Net Offer". The offer and net offer will constitute 26.44% and 25.07% respectively of the post-offer paid-up equity share capital of the company. Price Band is Rs113 per equity share of face value of Rs10 each. The cap price is 11.3 times of the face value. Bids can be made for the minimum of 1200 equity shares and in multiples of 1200 equity shares thereafter.
Issue Money Payable On
Opens On Closes On Application Allotment
20-Mar-25 24-Mar-25 Rs 113.00-0.00 Rs 0.00-0.00
Minimum Application for shares in Nos :1200  Further Multiples of :1200
  (Rs Cr) Lead Managers to the Issue
Project Cost 61.24
Indorient Financial Services Ltd
Project Financed through Current Offer 74.46
Post Issue Equity Share Capital 24.92
Issue Price Rs 113.00
Projects
Repayment and/or prepayment in full or in part of certain outstanding borrowings availed by the company General corporate purposes
Expansion of its Hotel Properties in India
Promoted By Listing At Registrar to the Issue
  Ramesh Siva
  Vidya Ramesh
 NSE - SME
 MUFG Intime India Pvt Ltd
NIFTY
Tuesday, April 29, 2025   Adani Enterp. :  2330.60    (-39.20)  ||  Adani Ports :  1216.40    (+6.50)  ||  Apollo Hospitals :  6992.50    (-52.50)  ||  Asian Paints :  2451.10    (-1.10)  ||  Axis Bank :  1187.30    (-5.50)  ||  Bajaj Auto :  8078.50    (-17.50)  ||  Bajaj Finance :  9093.00    (+0.00)  ||  Bajaj Finserv :  2066.90    (+17.20)  ||  Bharat Electron :  317.10    (+12.05)  ||  Bharti Airtel :  1823.80    (+2.00)  ||  Cipla :  1541.50    (-13.60)  ||  Coal India :  389.10    (-8.05)  ||  Dr Reddy's Labs :  1176.00    (-22.70)  ||  Eicher Motors :  5579.00    (-43.00)  ||  Eternal Ltd :  231.11    (+3.90)  ||  Grasim Inds :  2745.70    (-7.70)  ||  HCL Technologies :  1569.00    (+19.70)  ||  HDFC Bank :  1908.80    (-11.40)  ||  HDFC Life Insur. :  715.05    (+4.20)  ||  Hero Motocorp :  3852.70    (-59.00)  ||  Hind. Unilever :  2321.70    (+3.10)  ||  Hindalco Inds. :  622.55    (-6.10)  ||  ICICI Bank :  1429.80    (+1.00)  ||  IndusInd Bank :  836.95    (+6.40)  ||  Infosys :  1497.50    (+15.40)  ||  ITC :  426.00    (-2.80)  ||  Jio Financial :  257.63    (-0.27)  ||  JSW Steel :  1035.60    (-18.80)  ||  Kotak Mah. Bank :  2205.00    (-20.60)  ||  Larsen & Toubro :  3322.30    (-5.00)  ||  M & M :  2909.60    (-21.00)  ||  Maruti Suzuki :  11841.00    (-5.00)  ||  Nestle India :  2387.50    (-18.50)  ||  NTPC :  356.95    (-4.55)  ||  O N G C :  245.68    (-4.92)  ||  Power Grid Corpn :  302.95    (-5.60)  ||  Reliance Industr :  1399.70    (+30.90)  ||  SBI Life Insuran :  1730.10    (-6.00)  ||  Shriram Finance :  614.70    (-7.30)  ||  St Bk of India :  812.55    (-4.80)  ||  Sun Pharma.Inds. :  1805.50    (-36.10)  ||  Tata Consumer :  1168.90    (+13.70)  ||  Tata Motors :  665.60    (-2.55)  ||  Tata Steel :  141.50    (-0.57)  ||  TCS :  3472.50    (+29.00)  ||  Tech Mahindra :  1495.30    (+33.80)  ||  Titan Company :  3378.60    (+9.50)  ||  Trent :  5391.50    (+182.00)  ||  UltraTech Cem. :  11869.00    (-245.00)  ||  Wipro :  241.40    (+0.90)  ||