Grand Continent Accommodations IPO: Public challenge of ₹ 74 crore will open on March 20, which value might be invested – INA NEWS

Grand Continent Accommodations IPO: The general public challenge of Rs 74.46 crore of Lodge Chain Grand Continent Accommodations goes to open on March 20. The value band for that is Rs 107-113 per share and the lot dimension is 1200. The problem of the difficulty might be held on 24 March. After this, the allotment might be finalized on 25 March and the itemizing of shares may be finished on NSE SM on 27 March 2025. The IPO of Grand Continent Accommodations will challenge 62.60 lakh new shares value Rs 70.74 crore. Additionally, there might be a proposal on the market of three.29 lakh shares value Rs 3.72 crore.

The promoters of the corporate are Ramesh Shiva and Vidya Ramesh. 50 % of the general public challenge of Grand Continent Accommodations is a reserve for retail traders and 15 % for non -institutional traders for certified institutional patrons.

use IPO cash

Indoriants for IPO are Monetary Companies Restricted Ebook-Ringing Lead Supervisor. On the identical time, Hyperlink Inteime is India Registrar. Market maker is Election Securities Restricted. The cash acquired by releasing new shares within the IPO might be used to repay the debt to some extent or fully, for the enlargement of inns within the nation and for common company functions.

IPOS this week: 4 new IPOs will open within the week ranging from March 17, 2 firms might be record

4 crore rupees in monetary yr 2024

The income of Grand Continent Accommodations was Rs 31.53 crore in FY 2024. It was Rs 17.05 crore in FY 2023. In FY 2024, the corporate’s internet revenue was recorded at Rs 4.12 crore, which was Rs 1.05 crore a yr in the past. In April-September 2024, income was recorded at Rs 31.86 crore and internet revenue of Rs 6.81 crore.

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