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 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

Lemon Tree Hotels IPO Tentative Date / Timetable

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

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	QIB	NII	RII	Total
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

Lemon Tree Hotels IPO Prospectus

› Draft Prospectus
› Red Herring Prospectus

Lemon Tree Hotels IPO Rating

348

3.0

Rating:

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
Open
Low
High
Last Trade
Volume

BSE
Rs 56.00
Rs 61.60
Rs 57.30
Rs 73.90
Rs 71.60
8,800,931

NSE
Rs 56.00
Rs 61.60
Rs 57.25
Rs 73.90
Rs 71.65
67,619,635

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
Email: sectdeptt@lemontreehotels.com
Website: http://

Lemon Tree Hotels IPO Registrar

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

Phone: +91-40-23312454
Email: lemontree.ipo@karvy.com
Website: https://karisma.karvy.com/

Lemon Tree Hotels IPO Lead Manager(s)

CLSA India Private Limited » Report
J.P. Morgan India Private Limited » Report
Kotak Mahindra Capital Company Limited » Report
Yes Securities (India) Limited » Report

Lead Manager Reports

Guaranteed Save 60% to 90% Brokerage

You could reduce the brokerage cost significantly by moving to another stock broker. Our expert team compared top share brokers in India to help traders. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.

We can help you choosing the right broker. Contact us today...

Find Lemon Tree Hotels IPO Latest Update

Useful Articles

Lemon Tree Hotels IPO Review / Comments

190. JCG May 22, 2018 12:27

link send karo

189. AnkurGoel Apr 27, 2018 11:35

IPO Mentor (900+ Posts, 800+ Likes)

Lodha developers files DRHP with Sebi. Plans to raise 5K crore

Load more comments (1 replies)

189.2. Atul Kumar Apr 28, 2018 10:34

2 |

Lodha needs shareholders money while his property is not selling.be cautious

189.3. 🏦🇮🇳🇮🇳 Helios Online 🇮🇳🇮🇳🏦 May 6, 2018 00:18

In fact lodha's realisations per sqft has increased... Check out current news.

188. sonal patel Apr 27, 2018 21:01

5 |

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 *
(TENTATIVE)*
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
Share
Market Lot: 23 shares
Listing At: NSE, BSE

187. AnkurGoel Apr 27, 2018 16:01

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

3 |

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

Load more comments (2 replies)

186.3. SekharG Apr 26, 2018 18:03

1 |

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

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

HELLO EVERYONE
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

Load more comments (1 replies)

185.2. Hemant barjatya Apr 27, 2018 10:53

1 |

exit and book ur loss.move to any good stock.

185.3. Sdpp Apr 27, 2018 14:01

1 |

Emergency Exit Pc jvelers

184. benard butty Apr 26, 2018 21:36

Dear sir / ma
We offer
Fresh Cut BG / SBLC, MTN Specifically for Lease @ (3.0 + 0.5 + X)%. Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected We are direct to a provider for BG/SBLC specifically for lease, at leasing price of (3.0 + 0.5 + X)% of face value, Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA.
Our BG/SBLC Financing can help you get your project funded, loan financing by providing you with yearly renewable leased bank instruments. We work directly with issuing bank lease providers, this Instrument can be monetized on your behalf for 100% funding: For further details contact us with the below information.
Contact : Mr. Benard butty
Skype ID: bglease.butty

183. Darpan Bilandi Apr 26, 2018 20:53

1 |

INDOSTAR CAPITAL FINANCE LTD.
Date: 09-05-2018 to 11-05-2018 Size : Around. 2000 Crores

182. AnkurGoel Apr 23, 2018 18:07

IPO Mentor (900+ Posts, 800+ Likes)

Nazara technologies approved by sebi .

Load more comments (4 replies)

182.5. AnkurGoel Apr 24, 2018 15:53

IPO Mentor (900+ Posts, 800+ Likes)

https://www.sebi.gov.in/filings/processing-status/apr-2018/processing-status-issues_36379.html

182.6. Sathishkumar Ravi Apr 24, 2018 23:29

1 |

Hi ....Any idea on Issue price of Nazara Technologies.?

181. Pokemongo Apr 23, 2018 19:12

1 |

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

good analysis.... could you please post your calculation ! that will help alot to us.

180. Pokemongo Apr 23, 2018 19:11

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

any up coming IPOs

178. Ipo tracker Apr 23, 2018 16:30

1 |

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

Guys, Lemon tree hotels ~84 😯

176. Mu Apr 22, 2018 12:24

Any upcoming good ipo s

175. Solution of Queries Apr 22, 2018 11:06

2 |

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

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

2 |

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

1 |

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

VERY VERY TRUE....GR8 JOB..............

171. Solution of Queries Apr 20, 2018 13:49

2 |

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.

Name		Phone
Email		City
State
Are you a day trader?