Lemon Tree Hotels IPO vs RITES Limited IPO

Comparision between Lemon Tree Hotels IPO and RITES Limited IPO.

IPO Details

Lemon Tree Hotels IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while RITES Limited IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Lemon Tree Hotels IPO	RITES Limited IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Clsa India Private Limited J.P. Morgan India Private Limited Kotak Mahindra Capital Company Limited Yes Securities (India) Limited	Elara Capital (India) Private Limited Idbi Capital Market Services Limited Idfc Bank Limited SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Lemon Tree Hotels IPO is up to ₹1,038.68 Cr whereas the issue size of the RITES Limited IPO is up to ₹460.51 Cr. The final issue price of Lemon Tree Hotels IPO is ₹56.00 per share and of RITES Limited IPO is ₹185.00 per share.

	Lemon Tree Hotels IPO	RITES Limited IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹54.00 per share	₹180.00 per share
Issue Price (Upper)	₹56.00 per share	₹185.00 per share
Issue Price (Final)	₹56.00 per share	₹185.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	265 shares	80 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	18,54,79,400 shares	2,52,00,000 shares
Issue Size Total (Amount)	up to ₹1,038.68 Cr	up to ₹460.51 Cr

IPO Timetable

Lemon Tree Hotels IPO opens on Mar 26, 2018, while RITES Limited IPO opens on Jun 20, 2018. The closing date of Lemon Tree Hotels IPO and RITES Limited IPO is Mar 28, 2018, and Jun 22, 2018, respectively.

	Lemon Tree Hotels IPO	RITES Limited IPO
Anchor Bid Date
Issue Open	Mar 26, 2018	Jun 20, 2018
Issue Close	Mar 28, 2018	Jun 22, 2018
Basis Of Allotment (Tentative)	Apr 04, 2018
Initiation of Refunds (Tentative)	Apr 05, 2018
Credit of Share (Tentative)	Apr 06, 2018
Listing date (Tentative)	Apr 09, 2018
Anchor Lockin End date 1	May 04, 2018
Anchor Lockin End date 2	Jul 03, 2018

Financials

Lemon Tree Hotels IPO P/E ratio is , as compared to RITES Limited IPO P/E ratio of .

Lemon Tree Hotels IPO

RITES Limited IPO

Financial

Summary of financial Information ( Restated Standalone)
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	13,602.13	13,112.89	12,965.17	12,937.17	12,156.79
Total Revenue	2,237.65	1,945.47	2,242.02	1,947.84	1,453.82
Profit After Tax	53.52	(-163.36)	(-10.40)	142.82	(-203.44)

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	48,031.69	44,092.06	36,056.30	36,363.82	32,867.96
Total Revenue	15,637.21	12,267.27	11,591.07	12,234.70	10,830.52
Profit After Tax	3,624.16	2,827.31	3,122.88	2,605.36	2,330.57

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Lemon Tree Hotels IPO retail investors (RII) are offered 6,49,17,790 shares while in RITES Limited IPO retail investors are offered 6,49,17,790 shares. Qualified institutional buyers (QIB) are offered 3,70,95,880 shares in Lemon Tree Hotels IPO and 1,20,00,000 shares in RITES Limited IPO.

	Lemon Tree Hotels IPO	RITES Limited IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	3,70,95,880 shares	1,20,00,000 shares
NII	2,78,21,910 shares	36,00,000 shares
RII	6,49,17,790 shares	84,00,000 shares
Employee		12,00,000 shares
Others
Total	12,98,35,580 shares	2,52,00,000 shares

Bids Received (Subscription)

Lemon Tree Hotels IPO subscribed 1.19x in total, whereas RITES Limited IPO subscribed 66.74x.

	Lemon Tree Hotels IPO	RITES Limited IPO
QIB (times)	3.88x	71.71x
NII (times)	0.12x	194.56x
Big NII (times)
Small NII (times)
RII (times)	0.12x	14.24x
Employee (times)		0.96x
Other (times)
Total (times)	1.19x	66.74x

Compare with others

Lemon Tree Hotels IPO	RITES Limited IPO
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Fine Organic IPO	HDFC AMC IPO
RITES Limited IPO	Varroc Engineering IPO
IndoStar Capital Finance IPO	Fine Organic IPO
ICICI Securities IPO	IndoStar Capital Finance IPO
Mishra Dhatu Nigam IPO	Lemon Tree Hotels IPO
Sandhar Technologies IPO	ICICI Securities IPO
Karda Construction IPO	Mishra Dhatu Nigam IPO
Hindustan Aeronautics IPO	Sandhar Technologies IPO

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