Grand Continent Hotels IPO

Founded in 2011, Grand Continent Hotels Limited is a hotel chain in India. The company caters to the mid-market segment, operating 19 properties across six major Indian cities, offering over 900 rooms. Each hotel is strategically located in prime urban areas, designed to meet the diverse needs of both business and leisure travelers. Grand Continent Hotels elevates customer experience by providing straightforward service interactions, user-friendly infrastructure, and a commitment to delivering value for money. They prioritize sustained service levels, availability, and regularly benchmark and update their services to meet evolving guest expectations. As of September 30, 2024, the company and JV Partner Entities operate 16 hotels with 753 keys across Karnataka (Bengaluru/Mysuru), Tamil Nadu (Hosur), Goa (Anjuna/Morjim), Andhra Pradesh (Tirupati), and Telangana (Secunderabad). The company serves Indian middle-class guests and business travelers with differentiated, comfortable services and value-for-money propositions. Each Grand Continent Hotels property is equipped with modern amenities and services, including: Well-furnished rooms with comfortable bedding, air conditioning, and workspaces On-site dining options serving a variety of cuisines Conference and banquet facilities for business meetings and events 24/7 front desk and customer support. Complimentary Wi-Fi and business services. Easy accessibility to transport hubs and commercial areas. As of September 30 2024, the company had 538 employees in various departments. Competitive Strength Premium hospitality offerings in the mid-priced segment. Strategically located properties at prime areas. Proven track record of adding value through active asset management. Professional and experienced management team. Well-positioned to benefit from strong industry tailwinds.

The Company Grand Continent Hotels IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: S.No. Objects of the Issue Expected Amount (in Millions) 1 Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the Company 340.81 2 Expansion of the Hotel properties in India 167.92 3 General Corporate Purpose

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