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Lemon Tree Hotels Limited IPO (Lemon Tree Hotels IPO) Detail

Mar 26, 2018 - Mar 28, 2018

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

Company Promoters:

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.

Company Financials:

Summary of financial Information ( Restated Standalone)
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)

Objects of the Issue:

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.

Lemon Tree Hotels IPO Details

Issue OpenMar 26, 2018 - Mar 28, 2018
Issue TypeBook Built Issue IPO
Issue Size185,479,400 Eq Shares of Rs 10
(aggregating up to Rs 1,038.68 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 54 - Rs 56 Per Equity Share
Market Lot265 Shares
Min Order Quantity265 Shares
Listing AtBSE, NSE

Lemon Tree Hotels IPO Tentative Date / Timetable

Bid/Offer Opens OnMar 26, 2018
Bid/Offer Closes OnMar 28, 2018
Finalisation of Basis of AllotmentApr 4, 2018
Initiation of RefundsApr 5, 2018
Credit of Shares to Demat Acct:Apr 6, 2018
IPO Shares Listing Date:Apr 9, 2018

Lemon Tree Hotels IPO Subscription Status (Bidding Detail)

Lemon Tree Hotels IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time





Shares Offered





Mar 28, 2018 17:00





Lemon Tree Hotels IPO Prospectus

Lemon Tree Hotels IPO Rating

Rating:Rated 3.0 stars

Vote Here ...

Lemon Tree Hotels IPO Listing Date

  •   ›  Listing Date: Monday, April 9, 2018
  •   ›  BSE Script Code: 541233
  •   ›  NSE Symbol: LEMONTREE
  •   ›  Listing In: B
  •   ›  ISIN: INE970X01018
  •   ›  Issue Price: Rs 56 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

Issue Price
Last Trade
Rs 56.00
Rs 61.60
Rs 57.30
Rs 73.90
Rs 71.60
Rs 56.00
Rs 61.60
Rs 57.25
Rs 73.90
Rs 71.65

Lemon Tree Hotels IPO Reviews / Ratings

Dilip Davda - Other
Capital Market Review
Hem Securities: Avoid
Choice Broking: Subscribe with caution
ICICIdirect: Avoid

Company Contact Information

Lemon Tree Hotels Limited
Asset No. 6, Aerocity Hospitality District,
New Delhi- 110 037

Phone: +91 11 4605 0101
Website: http://

Lemon Tree Hotels IPO Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454

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Lemon Tree Hotels IPO Review / Comments

190. JCG  May 22, 2018 12:27 I Like It. | Report Abuse
link send karo
189. AnkurGoel  Apr 27, 2018 11:35 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
Lodha developers files DRHP with Sebi. Plans to raise 5K crore
189.2. Atul Kumar  Apr 28, 2018 10:34 I Like It. 2 | Report Abuse
Lodha needs shareholders money while his property is not cautious
In fact lodha's realisations per sqft has increased... Check out current news.
188. sonal patel  Apr 27, 2018 21:01 I Like It. 5 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 1300+ Likes)
IndoStar IPO - Schedule (Pg #377 of RHP)
02nd May - Price Band to be Announced
08th May - Anchor List
09th May - Offer Opens
11th May - Offer Closes
16th May - Finalisation of Basis of Allotment
17th May - Unblocking of ASBA
18th May - Credit to Demat Accounts
21st May - Listing on NSE & BSE
IndoStar IPO - Issue Information *
Issue Opens on: 09 May 2018
Issue Closes on: 11 May 2018
Issue Type: Book Built Issue IPO
Issue Size: 3,07,69,231 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.640 - Rs.650 per Equity
Market Lot: 23 shares
Listing At: NSE, BSE
187. AnkurGoel  Apr 27, 2018 16:01 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
IndoStar Capital Finance's initial public offering will open for subscription on 9 May.

The non-banking financial company is expected to raise around Rs2,000 crore through the IPO. The IPO comprises sale of new shares worth Rs700 crore and a sale of 20 million shares by existing shareholders. IndoStar plans to use the proceeds of the IPO to augment its capital base.

"Our company proposes to utilize the net proceeds from the fresh issue towards augmenting its capital base to meet future capital requirements," the company said in its IPO document.

Investment banks JM Financial, Kotak Mahindra Capital Co., Morgan Stanley India Co., Motilal Oswal Investment Advisors and Nomura Financial Advisory and Securities (India) Pvt. Ltd are managing the share sale.

IndoStar provides structured term financing solutions to corporates and loans to small and medium enterprises. It recently started offering vehicle and housing finance products

IndoStar Capital was started in 2011 by private equity investors Everstone Capital, Beacon India Fund, ACPI Investment Managers and CIDB Capital.
186. Pokemongo  Apr 25, 2018 18:40 I Like It. 3 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
If you had applied to all issues in March for only 1 lot.. today you will have 20 k profit in one month -

issue CMP Issue Price 1 Lot      Profit Loss
lemon      81      56      265      6625
isec       420      520      28      -2800
misra      154      90      150      9600
sandhar      380      332      45      2160
karda      190      180      80      800
bandhan      490      375      40      4600
HAL      1125      1240      12      -1380
overall profit                  19605
186.3. SekharG  Apr 26, 2018 18:03 I Like It. 1 | Report Abuse
But catch is , your allocation sure for junk issues and allocation is very unlikely in Good issues.
So don't apply all issues,
186.4. Pokemongo  Apr 27, 2018 15:52 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
in march if you had applied.. you would have got all allotment .. most of them
185. KISHAN A PATEL  Apr 26, 2018 12:49 I Like It. | Report Abuse
I am new in share market. Please suggest what can i do in PC Jeweller.
My purchase Price is Rs.313.00 each and number of share are 500
185.2. Hemant barjatya  Apr 27, 2018 10:53 I Like It. 1 | Report Abuse
exit and book ur loss.move to any good stock.
185.3. Sdpp  Apr 27, 2018 14:01 I Like It. 1 | Report Abuse
Emergency Exit Pc jvelers
184. benard butty  Apr 26, 2018 21:36 I Like It. | Report Abuse

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183. Darpan Bilandi  Apr 26, 2018 20:53 I Like It. 1 | Report Abuse
Date: 09-05-2018 to 11-05-2018 Size : Around. 2000 Crores
182. AnkurGoel  Apr 23, 2018 18:07 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
Nazara technologies approved by sebi .
182.5. AnkurGoel  Apr 24, 2018 15:53 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
182.6. Sathishkumar Ravi  Apr 24, 2018 23:29 I Like It. 1 | Report Abuse
Hi ....Any idea on Issue price of Nazara Technologies.?
181. Pokemongo  Apr 23, 2018 19:12 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
missed big time in the March IPOs.. een if all had subscribed to the ipos there would have been minimal loss and it would have been covered by mishra and lemon..
181.1. AAM AADMI  Apr 24, 2018 22:07 I Like It. | Report Abuse
good analysis.... could you please post your calculation ! that will help alot to us.
180. Pokemongo  Apr 23, 2018 19:11 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
"IPOs will attract a lot of interest in the near future following last-year's trend. Most IPOs in FY18 had attractive pricing and barring a few most were successful. Currently, there is enough liquidity in the market and from a short and medium-term perspective, good IPOs do well in the current scenario," said Gaurang Shah, head investment strategist at Geojit Financial Services.

According to him, consumption, technology and auto ancillary- driven IPOs will be the top picks for FY19.
179. K Arun  Apr 23, 2018 16:55 I Like It. | Report Abuse
any up coming IPOs
178. Ipo tracker  Apr 23, 2018 16:30 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
The initial public offering (IPO) market is gearing up for a burst of activity, with at least 12 companies planning to raise more than Rs17,000 crore over the next two months, after a quiet start to the June quarter.
Experts attributed the introduction of the new Indian accounting standards (IndAS) as one of the reasons why IPO-bound companies have not approached the market so far this quarter.
"Companies now have to move to the IndAS from the Indian GAAP (generally accepted accounting principles). So, for the fresh numbers that companies will put in the documents, they have to be audited under the IndAS and also the past stated numbers have to be stated according to the IndAS," said Girish Nadkarni, managing director at Motilal Oswal Investment Advisors Pvt. Ltd. "That is taking some time which is why you are seeing less activity post-March."
177. Gargism  Apr 23, 2018 15:32 I Like It. | Report Abuse
Guys, Lemon tree hotels ~84 😯
176. Mu  Apr 22, 2018 12:24 I Like It. | Report Abuse
Any upcoming good ipo s
175. Solution of Queries  Apr 22, 2018 11:06 I Like It. 2 | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1400+ Likes)
PNB MetLife Insurance to file for IPO by August !!

PNB MetLife Insurance is going ahead with its IPO plans, which were delayed on account of parent Punjab National Bank being hit by the Nirav Modi scam, and is likely to file its offer document in the first quarter. The company may be valued at over Rs 8,000 crore and promoters are looking to realise close to Rs 2,000 crore from the sale of shares.

174. Vasant garg  Apr 21, 2018 19:57 I Like It. | Report Abuse
No trap dear when Riis were not willing to buy it @ 56/- then why they should buy @ 100 or so moreover mgmt didn't get a single penny from OFS It Was WARBERG who got the moneythe point to be noted qibs have LOCkIN they can't sell it further. More when it get UNLOCKED who will buy their stake. U or me definately not then what will happen GOD knows the only data available with us is that by June 2021 it will be the largest. Mid deg hotel chain of India with OWN & LEASED @ 9000 rooms across India HAPPY INVESTING
173. suheelan  Apr 21, 2018 18:59 I Like It. 2 | Report Abuse
Ever since Lemon Tree was listed on stock exchanges , the company has been releasing one positive news or the other or feeding the market with news that propel the stock price. This drives the retail investors make a beeline at the counter to buy the shares . and in turn that will offer an exit route to QIBs who had subscribed shares fully and received under subscribed portion of HNIs and retail investors in the recently concluded IPO. is it a trap for retail investors ?
172. Vasant garg  Apr 21, 2018 14:55 I Like It. 1 | Report Abuse
Fundamentals do not apply. Technicals do not apply. ONLY apply arithmetic & Ur mind plz look the distribution of OFS I will notice that there is no stopping till 4th may 2018 Rate will be I don't know do Ur own homework also plz note that only 50 percent have been offered by Q IB in the recent OFS IF really want to earn money in the STK mkt than plz don't watch any hindi business news channel the maximum return given by recent ipos/OFS were downgraded by these channels plz give sometime to DATA reading
172.1. MANU AGGARWAL  Apr 21, 2018 16:23 I Like It. | Report Abuse
VERY VERY TRUE....GR8 JOB..............
171. Solution of Queries  Apr 20, 2018 13:49 I Like It. 2 | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1400+ Likes)
TCS nears scripting history of India's first company with $100 billion market capitalisation.

The share price of TCS needs to hit the Rs. 3448 level , in order to hit a market capitalisation $100 billion. This is roughly 2.5 times bigger than its nearest competitor Infosys, whose market stood at $38 billion at the time of writing this report.

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