Mumbai, March 27 -- The scrip was listed at 112.90, almost matching the initial public offer (IPO) price. The stock was currently down 2.04% over its listing price.

The counter hit a high of Rs 112.90 and a low of Rs 107.25. About 4.04 lakh shares of the company changed hands at the counter.

Grand Continent Hotels' IPO was subscribed 1.73 times. The issue opened for bidding on 20 March 2025 and it closed on 24 March 2025. The price band of the IPO was set at Rs 107 to Rs 113 per share.

The company intends to utilize the net proceeds for repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the company, expansion of the hotel properties in India and general corporate purposes.

Ahead of the Grand Cont...