Lemon Tree Hotels IPO : Date, Allotment, Listing, Review
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Lemon Tree Hotels is a pioneer in mid range price hotel options and is third largest chain in terms of number of rooms owned or leased. The company was incorporated in 1992 in Delhi. The company operates hotels across the India in the small, mid sized and metro cities alike like Delhi NCR, Chandigarh, Jaipur, Indore, Bangalore, Mumbai, Pune, Aurangabad etc.
Owing to various segments of the middle class, the company operates following 3 brands for the following segments of users:
Lemon Tree Premier: For the middle-upscale guests who can spend more for strategic locations and better service.
Lemon Tree Hotels: Targets mainly upscale users who want value for money features
Redfox : Mainly targeting the economy class
Mr. Patanjali Govind Keswani and SMSPL are the main owners in the company. SMSPL is the company formed Mr Patanjali Govind Keswani and operates designing, managing, supervising and executing hotel projects
IPO Open: Mar 26, 2018 - Mar 28, 2018
IPO Size: 185,479,400 Equity Shares of Rs 10 aggregating up to Rs 1,038.68 Cr
Face Value: Rs 10 Per Equity Share
IPO Price: Rs 54 - Rs 56 Per Equity Share
Market Lot: 265 Shares
Minimum Order Quantity: 265 Shares