Lemon Tree Hotels Ltd
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They are 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.
They are the ninth largest hotel chain in India in terms of owned, leased and managed rooms. By 2017; they were operating through 4,289 rooms in 40 hotels across 24 cities.
Issue Period
Monday, Mar 26, 2018 - Wednesday, Mar 28, 2018
Price Band
Rs. 54 - Rs. 56 per Equity Share
Lemon Tree Hotels Ltd
| Issuer | Lemon Tree Hotels Ltd (View Report) | |
| Issue Type | 100% Book Built Issue IPO | |
| Issue Period | Issue Opens: Mar 26, 2018 | |
| Issue Closes: Mar 28, 2018 | ||
| Price Brand | Rs. 54 - Rs. 56 per Equity Share | |
| Offer Details | 185,479,400 Equity Shares (Rs.1,002* Cr – Rs.1,039^ Cr) | |
| Face Value | Rs. 10 per Equity Share | |
| Minimum Order Quantity Retail: | 265 Equity Shares and in multiples thereof | |
| Maximum Bid amount for Retail: | Rs. 2 Lakhs | |
| QIB | 50% of the issue size(Rs.501* Cr - Rs.519^ Cr) | |
| NIB | 15% of the issue size(Rs.150* Cr -Rs.156^ Cr) | |
| Retail Individual Bidders | 35% of the issue size (Rs.351* Cr – Rs.364^ Cr) | |
| Registrar | Karvy Computer Share Private Limited | |
| Listing | NSE & BSE | |
| Book Running Lead Managers | Kotak Mahindra Capital Company Limited, CLSA India Private Limited, J.P. Morgan India Private Limited and YES Securities(India) Limited | |
| * Lower Band; ^ Upper Band | ||
Key Strategies:
- Leading mid-priced hotel chain with a differentiated business model
- Strategically positioned in key geographical areas
- Present across the value chain
- Focus on brand excellence, providing a value-for money proposition and strengthening employee culture
- Experienced promoter and management team
Step to apply for IPO online from portfolio.karvyonline.com
