IPO Details

Grand Continent Hotels Ltd
Registered Office: S No. 245/1A/1B Venpursham (V),Veeralapakkam Thiruporur,Kanchipuram-603110, Tamil Nadu
Tel. No: +91 80 4165 6491
Fax No:
Email: cs@grandcontinenthotels.com
Website: https://grandcontinenthotels.com
Initial public offer of upto 65,90,000 equity shares of face value of Rs. 10/- each (The "Equity Shares") of Grand Continent Hotels Limited ("The Company" or "GCHL" or "The Issuer") at a price of Rs. [*] per equity share (including a premium of Rs. [*] per equity share) ("Offer Price") for cash, aggregating up to Rs. [*] crores ("Offer") comprising of a fresh issue of up to 62,61,000 equity shares of face value of Rs. 10/- each aggregating up to Rs. [*] crores (The "Fresh Issue") and an offer for sale of up to 3,29,000 equity shares of face value of Rs. 10/- each aggregating up to Rs. [*] crores by Mr. Ramesh Siva (The "Promoter Selling Shareholder"). The offer includes a reservation of 3,30,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. [*] per equity share for cash, aggregating to Rs. [*] crores for subscription by the market maker to the offer (The "Market Maker Reservation Portion") and a reservation of up to [*] equity shares, aggregating up to Rs. [*] crores (Constituting up to [*]% 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 [*] equity shares of face value of Rs. 10/- each, at an offer price of Rs. [*] per equity share for cash, aggregating upto Rs. [*] crores is herein after referred to as the "Net Offer". The offer and net offer will constitute [*]% and [*]% respectively of the postoffer paid-up equity share capital of the company. The company may, in consultation with the book running lead manager ("BRLM"), offer a discount of up to Rs. [*] on the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount"). The price band, the employee discount and the minimum bid lot will be decided by the company in consultation with the brlm.
Issue Money Payable On
Opens On Closes On Application Allotment
01-Jan-1970 01-Jan-1970 ₹0.00 - 0.00 ₹0.00 - 0.00
Minimum Application for shares in Nos : 0 Further Multiples of : 0
(₹ Cr) Lead Managers to the Issue
Project Cost 0.00 Indorient Financial Services Ltd
Project Financed through Current Offer 0.00
Post Issue Equity Share Capital 0.00
Issue Price 0.00
Projects
Repayment and/or prepayment in full or in part of certain outstanding borrowings availed by the company
Expansion of its Hotel Properties in India
General corporate purposes
Promoted By
Ramesh Siva
Vidya Ramesh
Listing At
NSE - SME
Registrar To The Issue
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