Introduction:
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.
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
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
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 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
No comments:
Post a Comment