Grand Continent Hotels IPO: Hotel Chain Grand Continent Hotels is going to open a public issue of Rs 74.46 crore on March 20. The price band for this is Rs 107-113 per share and the lot size is 1200. The issue of the issue will be held on 24 March. After this, the allotment will be finalized on 25 March and the listing of shares can be done on NSE SM on 27 March 2025. The IPO of Grand Continent Hotels will issue 62.60 lakh new shares worth Rs 70.74 crore. Also, there will be an offer for sale of 3.29 lakh shares of Rs 3.72 crore. The company’s promoters are Ramesh Siva and Vidya Ramesh. 50 percent of the public issue of Grand Continent Hotels for 50 percent of qualified institutional buyers is a reserve for retail investors and 15 percent is reserved for non-institutional investors. How will the money of IPO be used for IPO. At the same time, Link Inteime is India Registrar. Market maker is Election Securities Limited. The money acquired by releasing new shares in IPO will be used to repay the debt to some extent or completely, for the expansion of hotels in the country and for general corporate objectives. IPOS This Week: 4 new IPOs will open in the week starting from March 17, 2 companies will be listed in the year 2024. 31.53 crores was Rs. It was Rs 17.05 crore in FY 2023. In FY 2024, the company’s net profit was recorded at Rs 4.12 crore, which was Rs 1.05 crore a year ago. Revenue in April-September 2024 recorded Rs 31.86 crore and net profit of Rs 6.81 crore was recorded. Disclaimer: Here information provided is being provided here only for information. It is necessary to mention here that the investment market in the market is subject to risks. Always consult experts before investing money as an investor. There is never advice to anyone to invest money on behalf of Moneycontrol.
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