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
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
Lemon Tree Hotels IPO, Allotment, Subscription, Date, Price, Listing Date
|Name||Lemon Tree Hotels Limited|
|Open Date||26 March 2018|
|Close Date||28 March 2018|
|Allotment Date||04 April 2018|
|Refund Date||05 April 2018|
|Listing Date||09 April 2018|
|Issue Price||Rs. 54 – Rs. 56 Per Equity Share|
|Lot Size||265 Shares|
|Minimum Order Quantity||265 Shares|
|Issue Type||Book Built Issue IPO|
|Issue Size||185,479,400 Equity Shares of Rs. 10 aggregating up to Rs 1,038.68 Crore|
|Lead Manager||Kotak Mahindra Capital Company, CLSA India, JP Morgan India and YES Securities India|
|Registrar||Karvy Computershare Private Limited|
|Listing at||NSE / BSE|
|Category||SHARES OFFERED||26 March 2018||27 March 2018||28 March 2018|
Listing Day Figures (09th April 2018)
|BSE (541233)||NSE (LEMONTREE)|
|IPO Price||Rs. 56||Rs. 56|
|Open||Rs. 61.60||Rs. 61.60|
|High||Rs. 73.90||Rs. 73.90|
|Low||Rs. 57.30||Rs. 57.25|
|Close||Rs. 71.60||Rs. 71.65|
Lemon Tree Hotels Ltd Address
IPO DRHP / Prospectus
Download Now – Click Here.