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Lemon Tree Hotels IPO likely by Mid March 2018

Published on Monday, February 26, 2018 by Dilip Davda

Lemon Tree Hotels IPO likely by Mid March 2018

Lemon Tree Hotels (LTH) that started in 2004 and currently has around 4697 rooms across 28 cities with 45 hotels has already closed in its equity funding to take the final tally to around 8000 rooms by March 2019 is coming out with a maiden IPO worth Rs. 1000-1200 crore by way of offer for sale (i.e. secondary issue) for unlocking its value for the shareholders and listing benefits.

It may go for debt funding for meeting the finance to reach the target, if needed, said Mr Patanjali Keswani (popularly known as Mr. Patu) - CMD of Lemon Tree Hotels, while addressing the media during its Goa Property visit. According to him Lemon Tree is currently the third largest hotel chain in mid segment catering to upper middle class (Lemon Tree Premier), middle class (Lemon Tree Hotels) and the economy segments (Red Fox by Lemon Tree Hotels), and with the current plans are in operations, it will be the second largest hotel chains in terms of controlling interests.

It employs around 5000 people out of which around 1200 are handicapped people who are earning their livelihoods. This is perhaps the new concept followed by Lemon Tree group and is greeted by the visitors/tourists. Currently this group is enjoying around 6.7 lakh loyal customers and the numbers are increasing. It filed its DRHP in September 2017 and has received SEBI nod for IPO. Lemon Tree Hotels' public offer comprises sale of up to 195,797,000 equity shares by the existing shareholders, including Maplewood, Whispering Resorts, Palms International and RJ Corp.

Lemon Tree Goa

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About Author

DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. Any reader taking decisions based on any information published here does so entirely at own risk. Investors should bear in mind that any investment in stock markets are subject to unpredictable market related risks. Above information is based on RHP and other documents available as of date coupled with market perception. Author has no plans to invest in this offer.

(SEBI registered Research Analyst-Mumbai).


About Dilip Davda

Dilip Davda, a freelance journalist

Dilip Davda is veteran journalist associated with stock market since 1978. He is contributing to print and electronic media on stock markets/insurance/finance since 1985.

Dilip Davda is a leading reviewer of public issues and NCDs in the primary stock market in India. The knowledge he gained over 3 decades while working in the stock market and a strong relationship with popular lead managers makes his reviews unique. His detail fundamental and financial analysis of companies coming up with IPO helps investors in the primary stock market. Dilip Davda has a special interest in analyzing the SME companies and writing reviews about their public issues. His reviews are regularly published online and in news papers.

Email: dilip_davda@rediffmail.com


User Comment

avatar
2. Bhallal dev  Mar 17, 2018 14:11 Reply
IPO Mentor IPO Mentor (500+ Posts, 1100+ Likes)
27 March

Promotor : Patanjali

1000 cr. IPO
195,797,000 shares OFS

Registrar - Karvy

Managed by - kotak , yes , jp , clsa.

Listed peer group hotels on stock exchanges.
> Indian Hotels
> EIH
> Royal Orchid
> mahindra holiday
> wonderla
> Taj
> Hotel Leela
avatar
1. harikrishnasara  Feb 28, 2018 12:03 Reply
hi admin sir..,
what would be the listing price???
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