Grand Continent Hotels IPO listing today, shares list flat on NSE SME

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Grand Continent Hotels IPO listing today, shares list flat on NSE SME - Business Standard

Quick Summary:

Grand Continent Hotels IPO was a book-built issue of Rs 74.46 crore, comprising a fresh issue of 6.2 million shares worth ₹70.74 crore and an OFS of 0.32 million shares amounting to ₹3.

It operates a total of 753 hotel keys as of September 30, 2024, across the states of Karnataka, Tamil Nadu, Goa, Andhra Pradesh and Telangana.

The company's occupancy across all hotel properties is 67.69 per cent for the six months period ended September 30, 2024, 71.98 per cent for FY24, 73.92 per cent for FY23 and 61.04 per cent for FY22.