Monday, 25 Mar 2019

Lemon Tree Hotels Limited IPO

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.

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.

Issue Detail:

  »»  Issue Open: Mar 26, 2018 - Mar 28, 2018
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 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 - Rs 56 Per Equity Share
  »»  Market Lot: 265 Shares
  »»  Minimum Order Quantity: 265 Shares
  »»  Listing At: BSE, NSE

Tentative Date / Timelines of Lemon Tree Hotels IPO:

    Bid/Offer Opens On: Mar 26, 2018
    Bid/Offer Closes On: Mar 28, 2018
    Finalisation of Basis of Allotment: On or about Apr 4, 2018
    Initiation of refunds: On or about Apr 5, 2018
    Credit of Equity Shares to demat accounts: On or about Apr 6, 2018
    Commencement of trading of the Equity Shares on the Stock Exchanges: On or about Apr 9, 2018

For IPO Note Click Here

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