Grand Continent Hotels IPO allotment finalized today

Today, investors are waiting for the final allotment of Grand Continent Hotels' IPO. This process will be completed today, March 25. Those who applied for shares can check their allotment status on the Link Intime India Private Ltd portal. The IPO was open for subscription from March 20 to March 24. It received a strong response, with a subscription rate of 1.79 times. Investors who do not receive shares will begin to see refunds starting on March 26. Successful applicants will have their shares credited to their demat accounts on the same day. The listing of Grand Continent Hotels IPO is set for March 27. Investors can check their allotment status online through the IPO registrar's website, Link Intime India Private Ltd. Detailed steps are provided for checking the status, either by application number, Demat account, or PAN. The Grand Continent Hotels IPO includes fresh shares worth up to ₹70.74 crore and an offer for sale of over 328,000 equity shares. The funds raised will be used for various goals, such as paying off loans and expanding hotel properties in India. The grey market premium (GMP) for today is ₹0, indicating that shares are trading at the issue price of ₹113 without any premium or discount. This suggests that investors are currently not willing to pay more than the set price for the shares. The IPO's book-running lead manager is Indorient Financial Services Ltd, while Link Intime India Private Ltd serves as the registrar. Alacrity Securities Ltd is the market maker for the IPO.