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

March 26, 2018 - March 28, 2018

Lemon Tree Hotels IPO is a book built issue of Rs 1,038.68 crores.

Lemon Tree Hotels IPO bidding started from March 26, 2018 and ended on March 28, 2018. The allotment for Lemon Tree Hotels IPO was finalized on Wednesday, April 4, 2018. The shares got listed on BSE, NSE on April 9, 2018.

Lemon Tree Hotels IPO 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.

Clsa India Private Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited and Yes Securities (India) Limited are the book running lead managers of the Lemon Tree Hotels IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Lemon Tree Hotels IPO RHP for detailed information.

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 Size185,479,400 shares
(aggregating up to ₹1,038.68 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Lemon Tree Hotels IPO Reservation

Lemon Tree Hotels IPO offers 129,835,580 shares. 37,095,880 (28.57%) to QIB, 27,821,910 (21.43%) to NII, 64,917,790 (50.00%) to RII. 244,972 RIIs will receive minimum 265 shares and (sNII) and (bNII) will receive minimum 3,710 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered37,095,880 (28.57%)NA
NII (HNI) Shares Offered27,821,910 (21.43%)
Retail Shares Offered64,917,790 (50.00%)244,972
Total Shares Offered129,835,580 (100%)

Lemon Tree Hotels IPO Timeline (Tentative Schedule)

Lemon Tree Hotels IPO opens on March 26, 2018, and closes on March 28, 2018.

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

Lemon Tree Hotels IPO Lot Size

Investors can bid for a minimum of 265 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 265 ₹14,840
Retail (Max) 13 3445 ₹192,920
Lot Size Calculator

About Lemon Tree Hotels Limited

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 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 (Lemon Tree Hotels IPO Objectives)

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 Review (May apply)

[Dilip Davda]  Company has turned the corner for the first nine months of the current fiscal. Although it has carried forward loses for past four years, their depreciated assets have appreciated and the projects completed in these periods have started contributing to top and bottom lines. Based on negative earnings so far, its P/E remains negative. Management is confident of maintaining its occupancy rate that is far better than industry average as India has emerged as the biggest market for such type of hotel chains. Its loyalty programme is continuously rising with "Lemon Tree Smiles". Considering all these aspects, cash surplus investors may consider investment for long term. Read detail review...

Lemon Tree Hotels IPO Subscription Status (Bidding Detail)

The Lemon Tree Hotels IPO is subscribed 1.19 times on March 28, 2018 5:00:00 PM. The public issue subscribed 0.12 times in the retail category, 3.88 times in the QIB category, and 0.12 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Lemon Tree Hotels IPO Prospectus

Lemon Tree Hotels IPO Rating

Rating:Rated 3.0 stars
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Lemon Tree Hotels IPO Listing Details

Listing Date April 9, 2018
BSE Script Code 541233
ISIN INE970X01018
Final Issue Price ₹56 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Lemon Tree Hotels Limited Contact Details

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

Phone: +91 11 4605 0101

Lemon Tree Hotels IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Lemon Tree Hotels IPO FAQs

Lemon Tree Hotels IPO is a main-board IPO of 185,479,400 equity shares of the face value of ₹10 aggregating up to ₹1,038.68 Crores. The issue is priced at ₹54 to ₹56 per share. The minimum order quantity is 265 Shares.

The IPO opens on March 26, 2018, and closes on March 28, 2018.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Lemon Tree Hotels IPO opens on March 26, 2018 and closes on March 28, 2018.

Lemon Tree Hotels IPO lot size is 265 Shares, and the minimum amount required is ₹14,840.

You can apply in Lemon Tree Hotels IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Lemon Tree Hotels IPO will be done on Wednesday, April 4, 2018, and the allotted shares will be credited to your demat account by Friday, April 6, 2018. Check the Lemon Tree Hotels IPO allotment status.

The Lemon Tree Hotels IPO listing date is on April 9, 2018.
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Lemon Tree Hotels IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



190. JCG |   Link |  Bookmark |May 22, 2018 12:27:39 PM
link send karo
189. AnkurGoel |   Link |  Bookmark |April 27, 2018 11:35:57 AM
Lodha developers files DRHP with Sebi. Plans to raise 5K crore
189.2. Atul Kumar |   Link |  Bookmark |April 28, 2018 10:34:29 AM
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 |   Link |  Bookmark |April 27, 2018 9:01:58 PM
IPO Guru IPO Guru (1500+ Posts, 5700+ 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 |   Link |  Bookmark |April 27, 2018 4:01:33 PM
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 |   Link |  Bookmark |April 25, 2018 6:40:37 PM
Top Contributor Top Contributor (400+ Posts, 300+ 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 |   Link |  Bookmark |April 26, 2018 6:03:25 PM
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 |   Link |  Bookmark |April 27, 2018 3:52:33 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
in march if you had applied.. you would have got all allotment .. most of them
185. KISHAN A PATEL |   Link |  Bookmark |April 26, 2018 12:49:10 PM
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 |   Link |  Bookmark |April 27, 2018 10:53:45 AM
exit and book ur loss.move to any good stock.
185.3. Sdpp |   Link |  Bookmark |April 27, 2018 2:01:04 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Emergency Exit Pc jvelers
184. benard butty |   Link |  Bookmark |April 26, 2018 9:36:04 PM

Dear sir / ma
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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 |   Link |  Bookmark |April 26, 2018 8:53:16 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Date: 09-05-2018 to 11-05-2018 Size : Around. 2000 Crores
182. AnkurGoel |   Link |  Bookmark |April 23, 2018 6:07:51 PM
Nazara technologies approved by sebi .
182.5. AnkurGoel |   Link |  Bookmark |April 24, 2018 3:53:30 PM
182.6. Sathishkumar Ravi |   Link |  Bookmark |April 24, 2018 11:29:12 PM
Hi ....Any idea on Issue price of Nazara Technologies.?
181. Pokemongo |   Link |  Bookmark |April 23, 2018 7:12:31 PM
Top Contributor Top Contributor (400+ Posts, 300+ 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 |   Link |  Bookmark |April 24, 2018 10:07:10 PM
good analysis.... could you please post your calculation ! that will help alot to us.
180. Pokemongo |   Link |  Bookmark |April 23, 2018 7:11:12 PM
Top Contributor Top Contributor (400+ Posts, 300+ 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 |   Link |  Bookmark |April 23, 2018 4:55:09 PM
any up coming IPOs
178. Ipo tracker |   Link |  Bookmark |April 23, 2018 4:30:08 PM
Top Contributor Top Contributor (500+ Posts, 200+ 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 |   Link |  Bookmark |April 23, 2018 3:32:59 PM
Guys, Lemon tree hotels ~84 ????
176. Mu |   Link |  Bookmark |April 22, 2018 12:24:44 PM
Any upcoming good ipo s
175. Solution of Queries |   Link |  Bookmark |April 22, 2018 11:06:30 AM (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 |   Link |  Bookmark |April 21, 2018 7:57:56 PM
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 |   Link |  Bookmark |April 21, 2018 6:59:01 PM
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 |   Link |  Bookmark |April 21, 2018 2:55:53 PM
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 |   Link |  Bookmark |April 21, 2018 4:23:28 PM
VERY VERY TRUE....GR8 JOB..............
171. Solution of Queries |   Link |  Bookmark |April 20, 2018 1:49:47 PM (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.