Lemon Tree Hotels Limited IPO: Reviews, Issue Price, GMP, Allotment, Listing Date and Listing Price

Introduction:

Name of the Company: Lemon Tree Hotels Limited

Promoters: Mr. Patanjali Govind Keswani and SMSPL

Based in: New Delhi

Year of Establishment: 2002

Business area: Hospitality

The Delhi based Lemon Tree Hotels is the largest mid-priced hotel chain in India. Incorporated in 1992, the company operates hotels in NCR, Hyderabad, Bengaluru, Chennai and tier I and tier II cities like Aurangabad, Pune, Indore, Chandigarh, etc. 

Details of the IPO:

Issue Open Date	26-03-2018
Issue Close Date	28-03-2018
Listing Date	09-04-2018
Face Value (Rs)	10
Offer Price Range (Rs)	54.00-56.00
Issue Price (Rs)
Issue Size	185,479,400 Shares
Issue Type	Public Cum Offer for Sale (Book Building)
Market Lot	265 Shares
Listing At	NSE and BSE

Important dates:

IPO Bid Opens On	Mar 26, 2018
IPO Bid Closes On	Mar 28, 2018
Finalisation of Basis of Allotment	Apr 4, 2018
Initiation of refunds	Apr 5, 2018
Credit of Equity Shares to the respective demat accounts	Apr 6, 2018
Trading of the Equity Shares on the Stock Exchange	Apr 9, 2018

Live subscription date: Updated last on 04:40 PM on March 28th, 2018

Category	No.of Shares Offered/reserved at		No.of shares bid for	No.of Times Subscribed
	Lower Band	Upper Band		Lower Band	Upper Band
Qualified Institutional Buyers(QIBs)*	370,95,880	370,95,880	1441,50,725	3.89	3.89
Non Institutional Investors	278,21,910	278,21,910	31,95,635	0.11	0.11
Retail Individual Investors(RIIs)	649,17,790	649,17,790	67,71,545	0.1	0.1
Total	1298,35,580	1298,35,580	1541,17,905	1.19	1.19
*Excluding Anchor
Total No.of Application Approx : ~ 17244
Retail Subscription on the basis of Apps : 0.07 x

Recommendations:
Hem Securities: Avoid
Choice Broking: Subscribe | Long-term
ICICIdirect: Avoid
SP Tulsian: Avoid
Angel Broking: Avoid | Expensive
Kotak Securities: Avoid | Risky


Grey Market Premium (GMP)

March 26th 2018: - Rs 20 to - Rs 25
March 27th 2018: - Rs 20 to - Rs 25
March 28th 2018: - Rs 15 to - Rs 20
March 29th 2018: - Rs 40 to - Rs 45
March 30th 2018: - Rs 40 to - Rs 45
March 31th 2018: - Rs 40 to - Rs 45
April 2nd 2018: No Activity

Allotment status