Lemon Tree Hotels Limited IPO

Initial Public Offering of the Lemon Tree Hotels Limited will come soon on both of the Exchanges i.e. The National Stock Exchange and Bombay Stock Exchange. Investors can retrieve all information about Lemon Tree Hotels IPO such as Price Band, IPO Dates, Company Profile, Allotment Status, Listing Dates, Application Form, Subscription details etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. The IPO is scheduled for March 26, 2018 with a price band of Rs. 54 – Rs. 56 per equity share. The lot size of applying the Lemon Tree IPO is for 265 shares. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs.

Company profile:-

Lemon Tree Hotels Limited was incorporated on June 2, 1992 at New Delhi, India. It is one of the largest hotel chain in the mid priced hotel sector in India. According to Horwath Report, The company is ninth largest hotel chain in India in terms of owned, leased and managed rooms. It deals in the mid-priced hotel sector, including the upper-midscale, midscale and economy hotel segments. The firm has opened its first hotel with 49 rooms in May 2004.
The company works under three brands in order to address these three hotel segments:-

  1. Lemon Tree Premier:- Here, it focuses to the upper-mid scale hotel segment servicing to business and leisure guests who are looking for strategic locations and are willing to pay for premium service and hotel properties;
  2. Lemon Tree Hotels :- Here, it targets to the mid scale hotel segment offering a comfortable, cost-effective and convenient experience;
  3. Red Fox by Lemon Tree Hotels:- It caters as per the economy hotel segment.

The hotels of the firm 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.

 

Positive Outlook of the Firm:-

  • One of the biggest mid-priced hotel chain following various business model;
  • Strong brand image in important geographical areas;
  • Focus on brand excellence, providing a value-for money proposition and strengthening employee culture;
  • Highly qualified and experienced promoter and management team.

 

Objects Of The Issue:-

The objects of the Offer are to-

  • To get the advantages of listing the Equity Shares on the Stock Exchanges;
  • For general purposes.

 

Summary Of Issue:

Issue Open:- March 26, 2018 – March 28, 2018
Issue Type 100% Book Built Issue IPO
Issue Size (Value) 185,479,400 Equity Shares of Rs 10 aggregating up to Rs 1,038.68 Cr
Face Value Rs.10 Per Equity Share
Issue Price Rs. [54- 56) Per Equity Share
Market lots 265 Shares
Minimum Order Quantity 265 Shares
Listing At BSE, NSE

(*) indicates to be updated


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Lemon Tree Hotels IPO Subscription Details

Sr.No. Category No. of shares offered/reserved No. of shares bid for No. of times of total meant for the category
1 Qualified Institutional Buyers (QIBs)  37095880  30397090  0.82
2 Non Institutional Investors (NIIs)  27821910  958770  0.03
3 Retail Individual Investors (RIIs)  64917790  1250535  0.02
  Total  129835580  32606395  0.25

Update as on 26th Mar 2018 at 05:00 p.m


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Important dates for Lemon Tree Hotels IPO Allotment Status

  • The Allotment date for Lemon Tree Hotels IPO issue is expected on April 2,2018.
  • The amount will get unblocked on April 3, 2018.
  • The Shares are expected to credit in DP accounts on April 3, 2018.
  • The Shares of Lemon Tree Hotels Limited is likely to get listed on April 4,2018 on both BSE and NSE.

 


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Lemon Tree Hotels IPO Allotment Status

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. To Check Your IPO Allotment Status
  2. Go to Application Status
  3. Select IPO as Lemon Tree Hotels Limited IPO
  4. Enter your PAN Number or Application Id or DP Client Id.

 

It takes little time to fetch information so you need to be little patient.


Download “Lemon Tree Hotels Limited” IPO Application Form

From BSE: click here

From NSE: click here

Promoters Of the Company:-

Mr. Patanjali Govind Keswani and Spank Management Services Private Limited

Financials:- 

Particulars For the year/Period ended (Rs. in Million)
Financial Year 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Equity & Liabilities 13062.13 13112.89 12965.17 12937.17 12156.79
Total Revenue 2237.65 1945.47 2242.02 1947.84 1453.82
Total Expenses 1587.62 1483.96 1558.14 1362.60 1239.42
Profit After Tax (PAT) 53.52 (163.36) (10.40) 142.82 (203.44)

Book Running Lead Managers Details:-

1) Kotak Mahindra Capital Company Limited

1st Floor, 27 BKC, Plot No. 27

“G” Block, Bandra Kurla Complex Bandra (East),

Mumbai 400 051

Maharashtra, India

Tel: +91 22 4336 0000

Facsimile: + 91 22 6713 2447

E-mail: lthl.ipo@kotak.com

Investor grievance E-mail: kmccredressal@kotak.com

Website: www.investmentbank.kotak.com

Contact Person: Mr. Ganesh Rane

SEBI Registration No.: INM000008704

2) CLSA India Private Limited

8/F, Dalamal House, Nariman Point

Mumbai 400 021

Maharashtra, India

Tel: +91 22 6650 5050

Facsimile: +91 22 2284 0271

E-mail: lemontree.ipo@citicclsa.com

Investor grievance E-mail:

investor.helpdesk@clsa.com

Website: www.india.clsa.com

Contact person: Mr. Ankur Garg

SEBI Registration No: INM000010619

3) J.P. Morgan India Private Limited

J.P. Morgan Tower, Off. C.S.T. Road

Kalina, Santacruz (East)

Mumbai 400 098

Maharashtra, India

Tel.: +91 22 6157 3000

Facsimile: +91 22 6157 3911

Email: lemontree_ipo@jpmorgan.com

Website:www.jpmipl.com

Investor grievance email:invetsorsmb.jpmipl@jpmorgan.com

Contact Person: Ms. Prateeksha Runwal

SEBI Registration. No.: INM000002970

4) YES Securities (India) Limited

IFC, Tower 1&2, Unit No. 602 A

6th floor, Senapati Bapat Marg

Elphinstone (W), Mumbai 400 013

Maharashtra, India

Tel: +91 22 7100 9829

Facsimile: +91 22 2421 4508

E-mail: lemontree.ipo@yessecuritiesltd.in

Investor grievance e-mail: igc@yessecuritiesltd.in

Website: www.yesinvest.in

Contact Person: Mr. Mukesh Garg

SEBI Registration No.: MB/INM000012227

Registrar To The Issue:-

Karvy Computershare Private Limited

Karvy Selenium Tower B

Plot 31-32 Gachibowli

Financial District, Nanakramguda

Hyderabad 500 032

Tel: +91 40 6716 2222

Fax: +91 40 2343 1551

E-mail: einward.ris@karvy.com

Website: https://karisma.karvy.com/

Investor Grievance E-mail: isec.ipo@karvy.com

Contact person: M. Murali Krishna

SEBI Registration No.: INR000000221

Registered Office Details:- 

U74899DL1992PLC049022

Registered and Corporate Office: Asset No. 6, Aerocity Hospitality District,

New Delhi 110 037, India

Tel: +91 11 4605 0101

Facsimile: +91 11 4605 0110

Contact Person: Mr. Nikhil Sethi,

Group Company Secretary & General Manager Legal and Compliance Officer Tel: +91 11 4605 0122

Facsimile: +91 11 4605 0110

E-mail: sectdeptt@lemontreehotels.com

Website: www.lemontreehotels.com


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