The Initial Public Offering (IPO) of Grand Continent Hotels Limited opened for subscription on Thursday, March 20, and will close on Monday, March 24. The price band for the IPO has been set between ₹107 and ₹113 per equity share of a face value of ₹10 each. Investors can place bids for a minimum of 1,200 equity shares, and bids must be made in multiples of 1,200 shares thereafter.
Founded in 2011, Grand Continent Hotels is a prominent hotel chain in India. The company operates in the mid-market sector, managing 19 properties across six major Indian cities, with a total of over 900 rooms. Each hotel is strategically located in key urban areas to cater to the needs of both business and leisure travelers.
This IPO is expected to attract significant attention as it offers a chance to invest in a growing hospitality brand with a solid presence in major Indian cities.
