Lemon Tree Hotels IPO
Lemon Tree Hotels IPO — date, price band, lot size & details 2018
Lemon Tree Hotels listed on 9 Apr 2018 at ₹61.6, 10% above the ₹56 issue price.
Lemon Tree Hotels is India's largest mid priced hotel chain, with hotels in metro regions and other cities. Its total income was Rs 223.77 crore in FY2017.
Stock price
Lemon Tree Hotels is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 26 Mar 2018
- Close 28 Mar 2018
- Allotment 04 Apr 2018
- Refund/credit 05 Apr 2018
- Listing 09 Apr 2018
Issue summary
The terms of the offer, as filed.
| IPO Dates | 26 to 28 Mar, 2018 |
|---|---|
| Price Band | ₹54 – ₹56 |
| Face Value | ₹10 |
| Lot Size | 265 Shares |
| Issue Size | ₹1038.68 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,840 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 265 shares at the ₹56 cut-off. Drag to size your application.
| 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It was the largest mid priced hotel chain in India by owned and leased rooms as of 30 June 2017.
- 02It turned a loss of Rs 16.34 crore in FY2016 into a profit of Rs 5.35 crore in FY2017, and Rs 12.60 crore in nine months to December 2017.
- 03Net worth was Rs 951.25 crore on 31 December 2017.
- 04Total borrowing fell from Rs 321.45 crore in FY2016 to Rs 288.27 crore on 31 December 2017.
Risks · 5
- 01It made losses of Rs 1.04 crore in FY2015 and Rs 16.34 crore in FY2016.
- 02Total income fell from Rs 224.20 crore in FY2015 to Rs 194.55 crore in FY2016.
- 03Hotels need heavy capital and depend on travel demand; total assets were Rs 1,322.38 crore.
- 04The whole Rs 1,038.68 crore issue was an offer for sale, so none of it went to the company.
- 05The promoters held only 31.07% before and after the issue.
Three years of numbers
All figures in ₹ crore, as reported in the Lemon Tree Hotels offer document.
| Metric | 31 Dec 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 1,322.38 | 1,306.21 | 1,311.29 | 1,296.52 |
| Total Income | 174.31 | 223.77 | 194.55 | 224.20 |
| Profit After Tax | 12.60 | 5.35 | -16.34 | -1.04 |
| EBITDA | 51.72 | 65.00 | 46.15 | 68.39 |
| NET Worth | 951.25 | 927.23 | 915.34 | 927.60 |
| Reserves and Surplus | 164.88 | 146.02 | 137.30 | 152.90 |
| Total Borrowing | 288.27 | 299.78 | 321.45 | 316.08 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Lemon Tree Hotels IPO will be updated shortly.
Lemon Tree Hotels IPO Anchor Investors
20 anchor investors across 4 fund houses committed ₹311.63 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It was India's largest hotel chain in the mid priced sector, and the third largest overall, by controlling interest in owned and leased rooms as of 30 June 2017.
Its hotels are located across India, including NCR, Bengaluru, Hyderabad and Chennai.
The IPO was Rs 1,038.68 crore and was entirely an offer for sale by investors at Rs 56, the top of the Rs 54 to Rs 56 band, so the company received no money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lemon Tree Hotels IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
JP Morgan India Pvt. Ltd
41 issues handledBest listing: Premier Energies (+120.0%). Weakest: Nuvoco Vistas Corporation (-14.9%).
CLSA India Pvt. Ltd
18 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: ICICI Securities (-16.3%).
YES Securities (India) Ltd
17 issues handledBest listing: IRCTC (+95.6%). Weakest: Bharat Dynamics (-13.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Lemon Tree Hotels?
The current Grey Market Premium is ₹0.
What is the Lemon Tree Hotels IPO price band?
₹54 to ₹56, on a face value of ₹10.
When is the allotment?
The basis of allotment is 4 April 2018, with listing on 9 April 2018.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
