The shares of Grand Continent Hotels will debut on the NSE SME platform on Thursday. Ahead of the listing, the GMP, at Rs 0, is not very inspiring for investors. The IPO, which was completely a fresh equity sale of 66 lakh shares, was subscribed just over 1x.
Grand Continent Hotels: Business overview
The proceeds will be used for repayment of debt, expansion of hotel properties in India and other general corporate purposes.
Grand Continent Hotels: Business overview
The company operates in the mid-scale hotel sector, which includes…
