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Lemon Tree Hotels IPO is a book built issue of Rs 1,038.68 crores.
Lemon Tree Hotels IPO bidding started from March 26, 2018 and ended on March 28, 2018. The allotment for Lemon Tree Hotels IPO was finalized on Wednesday, April 4, 2018. The shares got listed on BSE, NSE on April 9, 2018.
Lemon Tree Hotels IPO price band is set at ₹54 to ₹56 per share. The minimum lot size for an application is 265 Shares. The minimum amount of investment required by retail investors is ₹14,840.
Clsa India Private Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited and Yes Securities (India) Limited are the book running lead managers of the Lemon Tree Hotels IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Lemon Tree Hotels IPO RHP for detailed information.
| IPO Date | March 26, 2018 to March 28, 2018 |
| Listing Date | April 9, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹54 to ₹56 per share |
| Lot Size | 265 Shares |
| Total Issue Size | 185,479,400 shares (aggregating up to ₹1,038.68 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 786,412,683 |
| Share holding post issue | 786,412,683 |
Lemon Tree Hotels IPO offers 129,835,580 shares. 37,095,880 (28.57%) to QIB, 27,821,910 (21.43%) to NII, 64,917,790 (50.00%) to RII. 244,972 RIIs will receive minimum 265 shares and (sNII) and (bNII) will receive minimum 3,710 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 37,095,880 (28.57%) | NA |
| NII (HNI) Shares Offered | 27,821,910 (21.43%) | |
| Retail Shares Offered | 64,917,790 (50.00%) | 244,972 |
| Total Shares Offered | 129,835,580 (100%) |
Lemon Tree Hotels IPO opens on March 26, 2018, and closes on March 28, 2018.
| IPO Open Date | Monday, March 26, 2018 |
| IPO Close Date | Wednesday, March 28, 2018 |
| Basis of Allotment | Wednesday, April 4, 2018 |
| Initiation of Refunds | Thursday, April 5, 2018 |
| Credit of Shares to Demat | Friday, April 6, 2018 |
| Listing Date | Monday, April 9, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 28, 2018 |
Investors can bid for a minimum of 265 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 265 | ₹14,840 |
| Retail (Max) | 13 | 3445 | ₹192,920 |
| Lot Size Calculator | |||
Incorporated in 1992, Delhi based Lemon Tree Hotels is India's largest hotel chain in the mid-priced hotel sector, and the third largest overall, on the basis of controlling interest in owned and leased rooms, as of 30 June 2017.
The company operates in the mid-priced hotel sector and its hotels are located across India, in metro regions, including the NCR, Bengaluru, Hyderabad and Chennai, as well as tier I and tier II cities such as Pune, Ahmedabad, Chandigarh, Jaipur, Indore and Aurangabad.
As of 31 January 2018, it operated 4,697 rooms in 45 hotels (including managed hotels) across 28 cities in India. The company has created three brands in order to address these three hotel segments:
1. 'Lemon Tree Premier' which is targeted primarily at the upper-midscale hotel segment catering to business and leisure
guests who seek to use hotels at strategic locations and are willing to pay for premium service and hotel properties;
2. 'Lemon Tree Hotels' which is targeted primarily at the midscale hotel segment catering to business and leisure guests
and offers a comfortable, cost-effective and convenient experience; and
3. 'Red Fox by Lemon Tree Hotels' which is targeted primarily at the economy hotel segment.
As of July 31, 2017, the company have a portfolio of 19 owned hotels, three owned hotels located on leased or licensed land, five leased hotels and 13 managed hotels. It also has project design, management and development capabilities through its Subsidiary, Grey Fox Project Management Company Private Limited ("Grey Fox").
Lemon Tree employed 3,070 personnel as of July 31, 2017 across its owned and leased or licensed properties
| 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) | |
The objects of the Offer are to-
1. Achieve the benefits of listing the Equity Shares on the Stock Exchanges
2. Sale of up to 195,797,000 Equity Shares by the Selling Shareholders.
[Dilip Davda] Company has turned the corner for the first nine months of the current fiscal. Although it has carried forward loses for past four years, their depreciated assets have appreciated and the projects completed in these periods have started contributing to top and bottom lines. Based on negative earnings so far, its P/E remains negative. Management is confident of maintaining its occupancy rate that is far better than industry average as India has emerged as the biggest market for such type of hotel chains. Its loyalty programme is continuously rising with "Lemon Tree Smiles". Considering all these aspects, cash surplus investors may consider investment for long term. Read detail review...
The Lemon Tree Hotels IPO is subscribed 1.19 times on March 28, 2018 5:00:00 PM. The public issue subscribed 0.12 times in the retail category, 3.88 times in the QIB category, and 0.12 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 3.88 |
| NII | 0.12 |
| Retail | 0.12 |
| Total | 1.19 |
| Listing Date | April 9, 2018 |
| BSE Script Code | 541233 |
| NSE Symbol | LEMONTREE |
| ISIN | INE970X01018 |
| Final Issue Price | ₹56 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹56.00 |
| ₹61.60 |
| ₹57.30 |
| ₹73.90 |
| ₹71.60 |
| NSE |
|---|
| ₹56.00 |
| ₹61.60 |
| ₹57.25 |
| ₹73.90 |
| ₹71.65 |
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: lemontree.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Lemon Tree Hotels IPO is a main-board IPO of 185,479,400 equity shares of the face value of ₹10 aggregating up to ₹1,038.68 Crores. The issue is priced at ₹54 to ₹56 per share. The minimum order quantity is 265 Shares.
The IPO opens on March 26, 2018, and closes on March 28, 2018.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Lemon Tree Hotels IPO opens on March 26, 2018 and closes on March 28, 2018.
Lemon Tree Hotels IPO lot size is 265 Shares, and the minimum amount required is ₹14,840.
You can apply in Lemon Tree Hotels IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Lemon Tree Hotels IPO will be done on Wednesday, April 4, 2018, and the allotted shares will be credited to your demat account by Friday, April 6, 2018. Check the Lemon Tree Hotels IPO allotment status.
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