Lemon Tree Hotels Limited IPO, Lemon Tree Hotels IPO Details

By | April 9, 2018

Lemon Tree Hotels Limited IPO, Lemon Tree Hotels IPO Details

Lemon Tree Hotels Limited had recently concluded its IPO on the Indian Stock Markets. The IPO of Lemon Tree Hotels was open for the subscription from 26th March 2018 to 28th March 2018. The price band of the Lemon Tree Hotels issue was fixed between Rs. 54 to Rs. 56 per equity share. The public issue was subscribed 1.19 times on the last day of the subscription. As per the figures available on the NSE website, the qualified institutional buyers (QIBs) segment was subscribed 3.89 times while the non-institutional investors and retail investors segment subscribed 12% each. The allotment of the shares was announced on the 04th April 2018.

The Lemon Tree IPO was an offer for sale of up to 18,54,79,400 equity shares of the company. The company was raising Rs 1,000 crore. The shares of the company will be listed on NSE and BSE.

Kotak Mahindra Capital Company, CLSA India, JP Morgan India and YES Securities India were the bankers to the issue while the Karvy Computershare was the registrar to the issue.

After the successful subscription, the company decided to list its shares on the stock markets on 09th April 2018. Check some details in the given section of our website.

Lemon Tree Hotels IPO

Lemon Tree Hotels IPO

Lemon Tree Hotels IPO

About the company: Lemon Tree Hotels Limited is the ninth largest hotel chain in India in terms of owned, leased and managed rooms. It operates in the mid-priced hotel sector, consisting of the upper-midscale (Lemon Tree Premier), midscale (Lemon Tree Hotels) and economy (Red Fox) hotel segments. The average occupancy of Lemon Tree rooms is 77%. It has an inventory of 4,700 rooms, of which 1,500 are on management contract, while 3,200 are owned/ leased.

The company is based in New Delhi and it was incorporated in 1992.

Company Promoters: Mr. Patanjali Govind Keswani And Spank Management Services Private Limited

Objects of the Issue

Offer for Sale
The Lemon Tree Hotels Limited IPO is the pure Offer for Sale. Lemon Tree Hotels Limited is not going to receive any proceeds from the issue.
  • To achieve the benefits of listing the Equity Shares on the Stock Exchanges
  • Sale of up to 195,797,000 Equity Shares by the Selling Shareholders.

Lemon Tree Hotels IPO, Allotment, Subscription, Date, Price, Listing Date

NameLemon Tree Hotels Limited
Open Date26 March 2018
Close Date28 March 2018
Allotment Date04 April 2018
Refund Date05 April 2018
Listing Date09 April 2018
Issue PriceRs. 54 – Rs. 56 Per Equity Share
Lot Size265 Shares
Minimum Order Quantity265 Shares
Issue TypeBook Built Issue IPO
Issue Size185,479,400 Equity Shares of Rs. 10 aggregating up to Rs 1,038.68 Crore
Lead ManagerKotak Mahindra Capital Company, CLSA India, JP Morgan India and YES Securities India
RegistrarKarvy Computershare Private Limited
Listing atNSE / BSE

Subscription Details

CategorySHARES OFFERED26 March 201827 March 201828 March 2018
RII649177900.020.04
0.12
NII278219100.030.05
0.12
QIB370958800.821.433.89
Total1298355800.25
0.441.19

Listing Day Figures (09th April 2018)

 BSE (541233)NSE (LEMONTREE)
IPO PriceRs. 56Rs. 56
OpenRs. 61.60Rs. 61.60
HighRs. 73.90Rs. 73.90
LowRs. 57.30Rs. 57.25
CloseRs. 71.60Rs. 71.65

Lemon Tree Hotels Ltd Address

Registered and Corporate Office: Asset No. 6, Aerocity Hospitality District, New Delhi 110 037, India

Telephone: +91 11 4605 0101
Fax: +91 11 4605 0110
E-mail: [email protected]
Website: www.lemontreehotels.com

IPO DRHP / Prospectus

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