Grand Continent Hotels IPO Debuts: Shares Open Flat on NSE SME

Grand Continent Hotels Limited made its stock market debut today on the NSE SME platform. The shares opened at ₹113, exactly at the issue price, indicating a flat listing. The ₹74.46 crore IPO, which was open for subscription from March 20-24, 2025, was subscribed 1.79 times. The company, operating in the mid-scale hospitality sector, plans to use the funds for debt repayment and hotel expansion. With 16 operational hotels and a 67.69% occupancy rate, Grand Continent Hotels follows an asset-light model. Despite the muted listing, investors will be watching closely to see how the stock performs in its initial trading sessions.

 

Source: Economic Times