To apply for the Grand Continent Hotels IPO, investors need to log in to their trading account through a registered broker’s platform and navigate to the IPO section. After selecting "Grand Continent Hotels IPO," they must enter the desired lot size (minimum 1,200 shares) and specify the bid price within the range of ₹107 to ₹113 per share. The next step involves providing a UPI ID for payment authorization, ensuring sufficient funds are available in the linked bank account. Once the details are reviewed and submitted, investors must approve the UPI mandate before 5 PM on March 24, 2025, to complete the application process. To check the IPO subscription status, investors can visit the NSE website or the registrar’s portal, Link Intime India Private Ltd, and enter their PAN or application number to track allotment progress.
For complete details on this public offering, visit the Grand Continent Hotels IPO page on Bajaj Broking’s website.
Grand Continent Hotels IPO Application Process
The Grand Continent Hotels IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:
Step 1: Login to Your Trading Platform
Access your trading account using Bajaj Broking’s app or website.
Step 2: Navigate to the IPO Section
Go to the IPO section to view active IPO listings.
Step 3: Select the Open IPO and Click Apply
Locate Grand Continent Hotels IPO in the list of available IPOs and click the ‘Apply’ button.
Step 4: Enter the Quantity of Shares You Wish to Apply For
Specify the number of shares (minimum lot size: 1200 shares) within the price band of ₹107 to ₹113 per share.
Step 5: Provide Your UPI ID
Enter your UPI ID for payment authorization and ensure sufficient funds in your bank account.
Step 6: Confirm the Application
Review your application details and confirm the UPI mandate before 5 PM on the last application day.
Step 7: Complete the Process and Wait for Allotment
Submit the application and monitor the allotment status to check if shares have been allocated to you.
How to Check Grand Continent Hotels IPO Allotment Status?
Once the allotment for Grand Continent Hotels IPO is finalized, investors can check their status online using the following steps:
Step 1: Visit the Official Website of the IPO's Registrar
Access the registrar’s portal for allotment status updates.
Step 2: Navigate to the IPO Allotment Status Page
Locate the specific section for IPO allotment on the website.
Step 3: Enter Your PAN Number, Demat ID, or Application Number
Provide the necessary details to retrieve your application status.
Step 4: Click on 'Submit' or 'Check Status'
Verify the allotment details displayed on the screen.
Step 5: Alternative Check on Stock Exchange Websites
Visit SME or NSE websites and follow the IPO allotment instructions.
Step 6: Check via Bajaj Broking Website
Log in to Bajaj Broking, access the IPO section, and view your allotment updates in the IPO Allotment Status.
About Grand Continent HotelsIPO: Overview and Key Facts
Grand Continent Hotels Limited, established in 2011, is a mid-scale hotel chain in India, catering to both business and leisure travellers. With a portfolio of 19 properties across six major cities, the company operates over 900 rooms strategically positioned in key urban locations. It focuses on providing value-for-money accommodations while maintaining service consistency and modern amenities. As of September 30, 2024, Grand Continent Hotels and its joint venture partners operate 16 hotels with 753 keys across Karnataka, Tamil Nadu, Goa, Andhra Pradesh, and Telangana. The company aims to strengthen its presence in the hospitality sector by expanding its property portfolio and enhancing customer experiences through operational efficiency.
The Grand Continent Hotels IPO is set to open for subscription from March 20, 2025, to March 24, 2025, with a total issue size of 65,89,200 shares, aggregating up to ₹74.46 crore. The price band for the IPO is set between ₹107 and ₹113 per share, with a lot size of 1,200 shares. The IPO will be listed on NSE SME, with Alacrity Securities Ltd acting as the market maker. The company intends to utilise the proceeds to repay or prepay certain outstanding borrowings, expand its hotel properties, and allocate funds for general corporate purposes.
Investors looking to participate in the IPO can apply through their trading accounts by selecting "Grand Continent Hotels IPO" and entering their bid details. The allotment date is March 25, 2025, followed by the initiation of refunds and credit of shares to demat accounts on March 26, 2025. The expected listing date is March 27, 2025. Link Intime India Private Ltd is the official registrar for the IPO, handling allotment and investor queries. For further details, visit the Grand Continent Hotels IPO page.
To check your application status, visit the Grand Continent Hotels IPO Allotment Status page on Bajaj Broking’s website.