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Grand Continent Hotels IPO opens March 20 in India

livemint.com —

Grand Continent Hotels will launch its IPO on March 20, closing on March 24. The price range is set at ₹107 to ₹113 per share. The company plans to use the funds for loan repayment and expansion. The IPO includes a fresh issue of shares worth up to ₹70.74 crore and an offer for sale of 328,800 shares by a promoter. Bids can be made for a minimum of 1,200 shares. Currently, the grey market premium for the IPO is ₹0, indicating no premium or discount on the issue price. Grand Continent Hotels operates 19 properties across six major Indian cities.

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