Grand Continent Hotels IPO allotment status is now available. Allotment status has been made available on 25 March 2025, as per the timeline provided in the red herring prospectus (RHP) of the IPO.
Grand Continent Hotels IPO closed with a subscription rate of over 1.87 times, indicating investor enthusiasm. The QIB category saw an impressive subscription of 2.93 times. Since the stock is scheduled to be listed on March 27, 2025, all eyes are now on the allotment process. After the allotment is finalized, refunds are scheduled to begin from March 26, and shares are expected to be credited to the demat accounts of successful investors on the same day.
Here are some ways in which you can check Grand Continent Hotels IPO allotment status online.
Table of Contents – Grand Continent Hotels IPO Allotment Status
#1 Registrar Website – Most effective way to check Grand Continent Hotels IPO Allotment Status
Once an IPO is closed for subscription, the ball moves in the court of the issuing registrar. In this case, the registrar is MUFG Intime so investors can simply head to its website, select Grand Continent Hotels from the dropdown menu, and enter ANY of the following details to check their allotment status:
- PAN
- IPO Application Number (CAF Number)
- Beneficiary ID (NSDL or CDSL Demat Account Number)
It should be noted that registrar websites are flooded on allotment days and might become very slow. As a result, it is worthwhile to keep your options open.
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#2 Bank Account Debit/Removal of Lien
If your search hasn’t yielded results so far, you might want to check your bank account. Most banks have robust infrastructure and communicate balance to account holders in several ways including SMS so you might not as well need to log into net banking.
If the investor’s application has been successful, it is followed by a debit of the corresponding amount. The debit amount for the Grand Continent Hotels IPO is INR 1,35,600. If the application is unsuccessful, then the bank account will see the effective balance go up by this amount which was marked on hold for the application.
In case of successful allotment, the bank account balance goes down by the corresponding amount. It is important to note that IPO allotment and amount deduction from a bank account are two different events but in some cases, both happen almost concurrently.
#3 Credit of Shares in Demat Account
If everything else has failed, you can check your demat account for credit of shares. However, this approach is the slowest of all the methods. In many cases, shares may be credited on the day of listing as well, effectively taking away all the fun of allotment.
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Grand Continent Hotels IPO Allotment FAQs
When is the Grand Continent Hotels IPO allotment expected?
Grand Continent Hotels IPO allotment status will be available today, as per the timeline provided in the red-herring prospectus (RHP).
When will the Grand Continent Hotels IPO get listed?
Grand Continent Hotels IPO is planned to list the shares on 27 March 2025, at NSE EMERGE.
Where to check Grand Continent Hotels IPO allotment status?
Grand Continent Hotels IPO allotment status is expected today. Click the green button on the Grand Continent Hotels IPO Allotment status above to check the allotment. Note the button remains disabled until the allotment is available online.
What is the lot size of the Grand Continent Hotels IPO?
Grand Continent Hotels IPO lot size is 1,200 shares.