Initial public offering of upto 65,89,200 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Grand Continent Hotels Limited ("The Company" or "GCHL" or "The Issuer") at a price of Rs. 113 per equity share (including a premium of Rs. 103 per equity share) ("Offer Price") for cash, aggregating up to Rs. 74.46 crores ("Offer") comprising of a fresh issue of up to 62,60,400 equity shares of face value of Rs. 10/- each aggregating up to Rs. 70.74 crores (the "Fresh Issue") and an offer for sale of up to 3,28,800 equity shares of face value of Rs. 10/- each aggregating up to Rs. 3.72 crores by Ramesh Siva (the "Promoter Selling Shareholder"). TThe offer includes a reservation of 3,30,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 113 per equity share for cash, aggregating to Rs. 3.73 crores (constituting up to 5.01% of the post offer paid-up equity share capital of the company) for subscription by the market maker to the offer (the "Market Maker Reservation Portion") and a reservation of up to 12,000 equity shares, aggregating up to Rs. 0.14 crores (constituting up to 0.18% of the post offer paid-up equity share capital of the company), for subscription by eligible employees (the "Employee Reservation Portion"). The offer less market maker reservation portion and employee reservation portion i.e. offer of 62,47,200 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 113 per equity share for cash, aggregating upto Rs. 70.59 crores is herein after referred to as the "Net Offer". The offer and net offer will constitute 26.44% and 25.07% respectively of the post-offer paid-up equity share capital of the company. Price Band is Rs. 113 per equity share of face value of Rs. 10 each. The cap price is 11.3 times of the face value. Bids can be made for the minimum of 1200 equity shares and in multiples of 1200 equity shares thereafter.