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Hotels and Resorts
Sub Sector: hotel chain
Exchange:
NSE
Emerge
Company's Promoter Mr. Ramesh Siva started the hospitality business by setting up its first hotel property in Bengaluru with 54 keys under the name and style Grand Continent on October 21, 2010 on leased premises located at 44 B, 1st Main Road, J P Nagar, 3rd Phase, Bengaluru – 560078 in the legal name of M/s Elysium Holidays India Private Limited. During covid-19 pandemic period, the lease of this property got expired on October 21, 2020 and could not be renewed. The Company, M/s Grand Continent Hotels Private Limited was established, at Bengaluru, Karnataka on 11th November 2011 as a private limited company under the provisions of the Companies Act, 1956 vide certification of incorporation dated November 11, 2011 issued by the Registrar of Companies, Chennai, Tamil Nadu. The Corporate Identification Number of their Company is CIN: U55101TN2011PLC083100. The first hotel launched under M/s Grand Continent Hotels Private Limited was a 24-room property on Bannerghatta Road, Bengaluru, called Grand Continent Hotel in April 04, 2016. They operate in the mid-scale hotel sector, consisting of the upper-mid priced, mid-priced and economy hotel segments. They seek to cater to Indian middle-class guests and business travellers and to deliver differentiated yet superior service offerings, with a value-for-money proposition. The Company along with the JV Partner Entities have 16 operational hotel properties and operates a total of 753 hotel keys as of September 30,2024 across states of Karnataka (Bengaluru), Tamil Nadu (Hosur), Goa (Anjuna), Andhra Pradesh (Tirupati) and Telangana (Secunderabad).
Link Intime India Private Limited
Grand Continent Hotels operates in Hotels and Resorts and hotel chain. The Issue would be listed on SME. The registrar of the Issue is Link Intime India Private Limited. The IPO type of Grand Continent Hotels is Book Building Process and Object of issue is
Merchant Banker of Grand Continent Hotels IPO is Indorient Financial Services Limited
The DRHP (Draft Red Herring Prospectus) of Grand Continent Hotels IPO was filed on 21 Nov 2024.
No, Grand Continent Hotels IPO is not yet listed. See other upcoming SME IPOs here.
The IPO open date and IPO close date of Grand Continent Hotels are not available now. You can apply in Grand Continent Hotels IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.
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