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

Tuesday, March 20, 2018

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 BandUpper BandLower BandUpper Band
Qualified Institutional Buyers(QIBs)*370,95,880370,95,8801441,50,7253.893.89
Non Institutional Investors278,21,910278,21,91031,95,6350.110.11
Retail Individual Investors(RIIs)649,17,790649,17,79067,71,5450.10.1
Total1298,35,5801298,35,5801541,17,9051.191.19
*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


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