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
The Promoters of the Company are Mr. Patanjali Govind Keswani and SMSPL. The Promoters hold, in the aggregate, 184,784,311 Equity Shares which constitutes 23.49% of the Company's pre-Offer paid-up Equity Share capital.
SMSPL was incorporated on November 5, 2004 and is primarily engaged in the business of designing, managing, supervising and executing hotel projects. Mr. Patanjali Govind Keswani is the natural person in control of SMSPL.
| 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.
| Issue Open | Mar 26, 2018 - Mar 28, 2018 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 185,479,400 Eq Shares of Rs 10 (aggregating up to Rs 1,038.68 Cr) |
| Face Value | Rs 10 Per Equity Share |
| Issue Price | Rs 54 - Rs 56 Per Equity Share |
| Market Lot | 265 Shares |
| Min Order Quantity | 265 Shares |
| Listing At | BSE, NSE |
| Bid/Offer Opens On | Mar 26, 2018 |
| Bid/Offer Closes On | Mar 28, 2018 |
| Finalisation of Basis of Allotment | Apr 4, 2018 |
| Initiation of Refunds | Apr 5, 2018 |
| Credit of Shares to Demat Acct: | Apr 6, 2018 |
| IPO Shares Listing Date: | Apr 9, 2018 |
No. of Times Issue Subscribed (BSE + NSE) | |||||||
|---|---|---|---|---|---|---|---|
As on Date & Time | |||||||
Shares Offered | 37,095,880 | 27,821,910 | 64,917,790 | 129,835,580 | |||
Mar 28, 2018 17:00 | 3.88x | 0.12x | 0.12x | 1.19x | |||
348 3.0 Rating:  Vote Here ... |
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Karvy Computershare Private Limited » Report
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad - 500 034
Andhra Pradesh, India
Phone: +91-40-23312454
Fax: +91-40-23311968
Email: lemontree.ipo@karvy.com
Website: http://karisma.karvy.com
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