How to Check Grand Continent Hotels IPO Allotment Status?

Summary

Grand Continent Hotels Limited, established in 2011, operates a chain of mid-market hotels across India. The Grand Continent Hotels IPO comes with a total issue size of ₹74.46 crore, comprising a fresh issue of ₹70.74 crore and an offer for sale of ₹3.72 crore. The IPO opened on March 20, 2025, and closed on March 24, 2025. The allotment date for the Grand Continent Hotels IPO is expected to be finalized on Tuesday, March 25, 2025.

Steps to Check Grand Continent Hotels IPO Allotment Status on Registrar Site

• Visit Link Intime India Private Ltd website
• Select "Grand Continent Hotels IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Grand Continent Hotels IPO Allotment Status on NSE

• Navigate to the NSE SME IPO Allotment Status Page
• Choose "Grand Continent Hotels IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Grand Continent Hotels IPO Subscription Status 

Grand Continent Hotels IPO received moderate investor interest, being subscribed 1.79 times overall. Here is a category-wise breakdown of the subscription as of 6:19:59 PM on March 24, 2025:

• Retail Category: 1.32 times
• Non-Institutional Investors (NII): 1.39 times
• Qualified Institutional Buyers (QIB): 2.93 times

As of 6:19:59 PM

Utilization of IPO Proceeds 

The funds raised through the IPO will be utilized as follows:

• Debt Reduction: Repayment of outstanding borrowings
• Expansion: Expansion of hotel properties in India
• General Corporate Purposes: Supporting various business initiatives

Business Overview 

The company operates 16 hotels with 753 keys across southern India, catering to middle-class guests and business travelers with comfortable, value-for-money accommodations and a team of 538 employees.