The Lemon Tree Hotels date has been confirmed from March 26, 2018 and ended on March 28, 2018.
Lemon Tree Hotels Developers IPO is a fixed price issue of Rs 1,038.68 crores. The 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.
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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 is ₹118.30.
IPO Overview
The Lemon Tree Hotels IPO is a book-built offering for Rs 1,038.68 crores. The IPO bidding for Lemon Tree Hotels began on March 26, 2018 and closed on March 28, 2018. On Wednesday, April 4, 2018, the allotment for the Lemon Tree Hotels IPO was finalised. On April 9, 2018, the shares were listed on the BSE and NSE. The IPO price range for Lemon Tree Hotels is set at ₹54 to ₹56 per share. A minimum lot size of 265 Shares is required for an application. Retail investors must make a minimum investment of ₹14,840.
As of July 31, 2017, the company had 19 owned hotels, three owned hotels on leased or licenced land, five leased hotels, and 13 managed hotels in its portfolio. Through its subsidiary, Grey Fox Project Management Company Private Limited (“Grey Fox“), it also offers project design, management, and development skills. As of July 31, 2017, Lemon Tree employed 3,070 people throughout its owned, leased, or licenced facilities.
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
| 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
As of 30 June 2017, Lemon Tree Hotels, based in Delhi, was India’s largest hotel chain in the mid-priced hotel sector and the third largest overall, based on controlling stake in owned and leased rooms. The company operates in the mid-priced hotel market, with hotels in metro areas such as the NCR, Bengaluru, Hyderabad, and Chennai, as well as tier I and tier II cities including 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:
- ‘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;
- ‘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
- ‘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 | lemontree.ipo@karvy.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Lemon Tree Hotels Limited |
| Phone number | +91 11 4605 0101 |
| Email ID | sectdeptt@lemontreehotels.com |
| Website | — |
IPO Strenghts
- 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.
