Bookbuilding IPO | ₹1,039 Cr | Listed at BSE, NSE | Mon, Mar 26, 2018 - Wed, Mar 28, 2018
Lemon Tree Hotels IPO is a book build issue of ₹1,038.68 crores. The issue is entirely an offer for sale of 18.55 crore shares of ₹1,038.68 crore.
Lemon Tree Hotels IPO bidding started from Mar 26, 2018 and ended on Mar 28, 2018. The allotment for Lemon Tree Hotels IPO was finalized on Apr 4, 2018. The shares got listed on BSE, NSE on Apr 9, 2018.
Lemon Tree Hotels IPO price band is set at ₹56 per share. The lot size for an application is 265. The minimum amount of investment required by an retail is ₹14,840 (265 shares) (based on upper price). The lot size investment for sNII is 14 lots (3,710 shares), amounting to ₹2,07,760, and for bNII, it is 68 lots (18,020 shares), amounting to ₹10,09,120.
CLSA India Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Lemon Tree Hotels IPO RHP for detailed Information.
IPO Open
Mon, Mar 26, 2018
IPO Close
Wed, Mar 28, 2018
Issue Price
₹56 per share
Market Cap (Pre-IPO)
₹4,403.91 Cr
| IPO Date | 26 to 28 Mar, 2018 |
| Listed on | Mon, Apr 9, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹54 to ₹56 |
| Issue Price | ₹56 per share |
| Lot Size | 265 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 18,54,79,400 shares (agg. up to ₹1,039 Cr) |
| Offer for Sale | 18,54,79,400 shares of ₹10 (agg. up to ₹1,039 Cr) |
| Share Holding Pre Issue | 78,64,12,683 shares |
| Share Holding Post Issue | 78,64,12,683 shares |
| BSE Script Code / NSE Symbol | 541233 / LEMONTREE |
| ISIN | INE970X01018 |
Lemon Tree Hotels IPO comprises a total issue size of 18,54,79,400 shares. Out of which, 9,27,39,700 (50.00%) are allocated to QIB, 2,78,21,910 (15.00%) allocated to NII 6,49,17,790 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 9,27,39,700 | 50.00% | NA |
| − Anchor Investor Shares Offered | 5,56,43,820 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 3,70,95,880 | 20.00% | NA |
| NII (HNI) Shares Offered | 2,78,21,910 | 15.00% | NA |
| Retail Shares Offered | 6,49,17,790 | 35.00% | 2,44,972 |
| Total Shares Offered | 18,54,79,400 | 100.00% |
Investors can bid for a minimum of 265 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 265 | ₹14,840 |
| Retail (Max) | 13 | 3,445 | ₹1,92,920 |
| S-HNI (Min) | 14 | 3,710 | ₹2,07,760 |
| S-HNI (Max) | 67 | 17,755 | ₹9,94,280 |
| B-HNI (Min) | 68 | 18,020 | ₹10,09,120 |
Lemon Tree Hotels IPO raises ₹311.61 crore from anchor investors. Lemon Tree Hotels IPO Anchor bid date is March 23, 2018.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Mar 23, 2018 |
| Shares Offered | 5,56,43,820 |
| Anchor Portion (₹ Cr.) | 311.61 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, May 4, 2018 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Jul 3, 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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Lemon Tree Hotels IPO is subscribed 1.19 times on March 28, 2018 5:00:00 PM (Day 3). 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)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 3.88 | 3,70,95,880 | |
| NII | 0.12 | 2,78,21,910 | |
| Retail | 0.12 | 6,49,17,790 | |
| Total | 1.19 | 12,98,35,580 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs (including underwriting fees and any selling commission) | 30.94 |
| 2 | Commission and processing fees to SCSBs; brokerage and selling commission and bidding charges to members of the Syndicate, Registered Brokers, CRTAs and CDPs | 0.24 |
| 3 | Fees payable to Registrar to the Offer | 0.04 |
| 4 | Printing and stationery expenses | 2.08 |
| 5 | Advertising and marketing expenses | 3.93 |
| 6 | Others: i. Listing fees; ii. SEBI, BSE and NSE processing fees; iii. Fees payable to legal counsels; and iv. Miscellaneous. | 13.64 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹56.00 | ₹56.00 |
| Open | ₹61.60 | ₹61.60 |
| Low | ₹57.30 | ₹57.25 |
| High | ₹73.90 | ₹73.90 |
| Last Trade | ₹71.60 | ₹71.65 |
Lemon Tree Hotels IPO is a main-board IPO of 18,54,79,400 equity shares of the face value of ₹10 aggregating up to ₹1,039 Crores. The issue is priced at ₹56 per share. The minimum order quantity is 265.
The IPO opens on Mon, Mar 26, 2018, and closes on Wed, Mar 28, 2018.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Lemon Tree Hotels IPO using UPI as a payment gateway. Zerodha customers can apply in Lemon Tree Hotels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Lemon Tree Hotels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Lemon Tree Hotels IPO opens on Mon, Mar 26, 2018 and closes on Wed, Mar 28, 2018.
Lemon Tree Hotels IPO lot size is 265, and the minimum amount required for application is ₹14,840.
You can apply in Lemon Tree Hotels IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Fri, Apr 6, 2018. Check the Lemon Tree Hotels IPO allotment status.
The Lemon Tree Hotels IPO listing date is on Mon, Apr 9, 2018.
