Grand Continent Hotels IPO Sees 35% Subscription on Day 1

Grand Continent Hotels' IPO has garnered a 35% subscription on its first day, marking a cautious start. The IPO, open from March 20 to March 24, aims to raise ₹74.46 crore. The price band is set at ₹107 to ₹113 per share, with a minimum lot size of 1,200 shares. Proceeds will be used for debt repayment, hotel expansions, and corporate purposes. The IPO is set to list on the NSE SME platform on March 27, 2025. Despite a slow start, investors remain hopeful for long-term growth.

Source: Business Standard, Economic Times, IPO Watch