The Lemon Tree Hotels date has been confirmed from March 26, 2018, and ended on March 28, 2018. Read the post to learn about Lemon Tree Hotels IPO GMP.
Lemon Tree Hotels Developers IPO has a fixed price of Rs 1,038.68 crore. The price range is fixed at ₹54 to ₹56 per share. The minimum lot size for an application is 265 shares. Lemon Tree Hotels IPO GMP Today is ₹118.30. The minimum investment for retail investors is ₹14,840.
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Key Details Of Lemon Tree Hotels IPO:
Bidding Dates
March 26-28
Price Range
₹54 to ₹56 per share
Face Value
₹10 per share
GMP
₹118.30
Lemon Tree Hotels IPO GMP
The Lemon Tree Hotels IPO GMP Today is ₹118.30.
Lemon Tree Hotels IPO Overview
The Lemon Tree Hotels IPO is a book-built offering of Rs 1,038.68 crore. The IPO auction for Lemon Tree Hotels began on March 26, 2018, and ended on March 28, 2018. On Wednesday, April 4, 2018, the allocation for the Lemon Tree Hotels IPO was completed. On April 9, 2018, the shares were listed on the BSE and the NSE. Lemon Tree Hotels’ IPO price range is set at ₹54-₹56 per share. An application requires a lot size of at least 265 shares. Retail investors must invest a minimum of ₹14,840.
As of July 31, 2017, the company’s portfolio included 19 owned hotels, three on leased or licensed property, five leased hotels, and 13 managed hotels. Grey Fox Project Management Company Private Limited (“Grey Fox”), a subsidiary, provides project design, management, and development services. Lemon Tree employed 3,070 workers throughout its owned, leased, or licensed operations on July 31, 2017.
Lemon Tree Hotels IPO Details
| 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 |
Lemon Tree Hotels Company Financials Information
| 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) | |
Lemon Tree Hotels IPO Timeline
| 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 |
Company Profile
Lemon Tree Hotels, headquartered in Delhi, was India’s largest mid-priced hotel chain as of June 30, 2017, and the third largest overall, based on a controlling share in owned and leased rooms. The firm works in the mid-priced hotel industry, having hotels in major cities including the NCR, Bengaluru, Hyderabad, and Chennai, as well as tier I and tier II cities like Pune, Ahmedabad, Chandigarh, Jaipur, Indore, and Aurangabad.
As of January 31, 2018, it had 4,697 rooms in 45 hotels (including managed hotels) spread over 28 cities in India. To address these three hotel categories, the business established three brands:
- ‘Lemon Tree Premier is largely aimed at the upper-midscale hotel category, catering to business and leisure clients that desire to use hotels in important locations and are ready to pay for quality service and hotel assets;
- ‘Lemon Tree Hotels is largely aimed at the midscale hotel category, catering to business and leisure clients, and provides a comfortable, cost-effective, and convenient experience; and
- ‘Red Fox by Lemon Tree Hotels’ which is targeted primarily at the economy hotel segment.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Lemon Tree Hotels Limited |
| Phone number | +91 11 4605 0101 |
| Email ID | [email protected] |
| Website | — |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Lemon Tree Hotels IPO FAQs
When Lemon Tree Hotels IPO will open?
The Lemon Tree Hotels IPO opens on March 26, 2018 and closes on March 28, 2018.
What is the lot size of Lemon Tree Hotels IPO?
Lemon Tree Hotels IPO lot size is 265 Shares, and the minimum amount required is ₹14,840.
When is Lemon Tree Hotels IPO allotment?
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.
When is Lemon Tree Hotels IPO listing date?
The Lemon Tree Hotels IPO listing date is on April 9, 2018.
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