Lemon Tree Hotels Limited IPO

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Lemon Tree Hotels Limited is India’s largest hotel chain in the mid-priced hotel sector, and the third largest overall, on the basis of controlling interest in owned and leased rooms, as of June 30, 2017, according to the Horwath Report. We are the ninth largest hotel chain in India in terms of owned, leased and managed rooms, as of June 30, 2017, according to the Horwath Report. We operate in the mid-priced hotel sector, consisting of the upper-midscale, midscale and economy hotel segments. We seek to cater to Indian middle class guests and deliver differentiated yet superior service offerings, with a value-for-money proposition. We opened our first hotel with 49 rooms in May 2004. We operated 4,289 rooms in 40 hotels (including managed hotels) across 24 cities in India as of July 31, 2017. Our vision is to be India’s largest and most preferred chain of hotels and resorts in each of the upper-midscale, midscale and economy hotel segments. Due to the dynamic and evolving nature of Indian guests’ expectations and based on our market research, we have created three brands in order to address these three hotel segments:
1. Lemon Tree Premier’ which is targeted primarily at the upper-midscale hotel segment catering to business and leisure
guests who seek to use hotels at strategic locations and are willing to pay for premium service and hotel properties
2. Lemon Tree Hotels’ which is targeted primarily at the midscale hotel segment catering to business and leisure guests and offers a comfortable, cost-effective and convenient experience
3. Red Fox by Lemon Tree Hotels’ which is targeted primarily at the economy hotel segment.

Lemon Tree Hotels Limited IPO Stock Quote & Charts

69.40

-0.29%

  • Open: 69.60
  • High - Low: 70.80 - 68.95
  • Previous Close: 69.60
  • Total Traded Volume: 132784
  • Updated On: 13-Nov-2018

Objects of the Lemon Tree Hotels Limited IPO:

Objectives of

Lemon Tree Hotels Limited IPO

OFS are: (i) The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges (ii) Offer Related Expenses

Lemon Tree Hotels Limited IPO Details:

Open Date: Mar 26 2018
Close Date: Mar 28 2018
Total Shares: 195,797,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Built Issue IPO
Issue Size: 1097 Cr.
Lot Size: 265 Shares
Issue Price: ₹ 54-56 Per Equity Share
Listing At: NSE,BSE
Listing Date: Apr 09 2018

Promoters And Management:

Mr. Patanjali Govind Keswani Mr. Aditya Madhav Keswani

Recommendation on Lemon Tree Hotels Limited IPO:

Review and Recommendation of

Lemon Tree Hotels Limited IPO

from our side is: Rating: 4 /10. 1-5: Fair 5-7: Good 7-10: Excellent

Registrar of Lemon Tree Hotels Limited IPO:

  1. Karvy Computershare Private Limited

Company Address:

Asset No. 6, Aerocity Hospitality District, New Delhi 110 037, India Phone No. +91 11 4605 0122 Fax No. +91 11 4605 0110 E-mail: sectdeptt@lemontreehotels.com Website: www.lemontreehotels.com Next IPO => IRCON IPO

25th Sep 2018 - 27th Sep 2018 => Aavas Financiers IPO

Bid Details of Lemon Tree Hotels Limited IPO as on
28-Mar-2018 19:00:00 IST

No.of shares offered No. of shares bid No. of total times
37,095,880 144,150,725 3.89
27,821,910 3,260,295 0.12
64,917,790 7,509,040 0.12
- - -
- - -
129,835,580 154,920,060 1.19
No.of shares offered No. of shares bid No. of total times
37,095,880 30,468,110 0.82
27,821,910 1,102,135 0.04
64,917,790 5,154,515 0.08
- - -
- - -
129,835,580 36,724,760 0.28
No.of shares offered No. of shares bid No. of total times
37,095,880 113,682,615 3.06
27,821,910 2,158,160 0.08
64,917,790 2,354,525 0.04
- - -
- - -
129,835,580 118,195,300 0.91

Discussion on Lemon Tree Hotels Limited IPO:

    IPO Alert :

    INDOSTAR CAPITAL FINANCE LTD.
    Date: 09-05-2018 to 11-05-2018
    Size : Around. 2000 Crores
    Lead Managers: KOTAK, JM, & MOTILAL OSWAL

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    24) Vishwaraj Sugar Industries >>> DRHP date 20-Dec-17
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    B) SEBI Approval *Received* *(within the past 6 months)*:

    1) Capricorn Food Products India >>> DRHP date 06-Feb-18
    2) IndoStar Capital Finance >>> SEBI Approval 03-Apr-18
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    Hinduja Leyland Finance likely to file prospectus with Sebi for an IPO amounting to Rs 1000 Cr.

    The company had filed papers with Sebi in 2016 for Rs 700 Cr initial offer. However did not go ahead with the IPO due to uncertainties in the market.

    THE MOST RELIABLE
    List of Main board IPOs IN THE PIPELINE (Status as on 06th April 2018)

    A) DRHP Filed – SEBI Approval *Awaited*:

    1) Crystal Crop Protection >>> DRHP date 04-Apr-18
    2) Genius Consultants >>> DRHP date 29-Mar-18
    3) Dinesh Engineers >>> DRHP date 28-Mar-18
    4) Varroc Engineering >>> DRHP date 28-Mar-18
    5) Rail Vikas Nigam >>> DRHP date 28-Mar-18
    6) Mazagon Dock Shipbuilders >>> DRHP date 28-Mar-18
    7) IRCON International >>> DRHP date 27-Mar-18
    8) Garden Reach Shipbuilders & Engineers >>> DRHP date 26-Mar-18
    9) K P R Agrochem >>> DRHP date 26-Mar-18
    10) Atria Convergence Technologies >>> DRHP date 26-Mar-18
    11) HDFC AMC >>> DRHP date 14-Mar-18
    12) Nekkanti Sea Foods >>> DRHP date 12-Mar-18
    13) Devi Seafoods >>> DRHP date 05-Mar-18
    14) TCNS Clothing Co. >>> DRHP date 26-Feb-18
    15) Sandhya Marines >>> DRHP date 24-Feb-18
    16) SembCorp Energy India >>> DRHP date 22-Feb-18
    17) John Energy >>> DRHP date 15-Feb-18
    18) Flemingo Travel Retail >>> DRHP date 15-Feb-18
    20) Fine Organic Industries >>> DRHP date 07-Feb-18
    21) Capricorn Food Products India >>> DRHP date 06-Feb-18
    22) Nazara Technologies >>> DRHP date 31-Jan-18
    23) CreditAccess Grameen >>> DRHP date 24-Jan-18
    24) Route Mobile >>> DRHP date 22-Jan-18
    25) Vishwaraj Sugar Industries >>> DRHP date 20-Dec-17
    26) Srei Equipment Finance >>> DRHP date 28-Nov-17

    B) SEBI Approval *Received* *(within the past 6 months)*:

    1) IndoStar Capital Finance >>> SEBI Approval 03-Apr-18
    2) Krishna Institute of Medical Sciences >>> SEBI Approval 07-Mar-18
    3) Patel Infrastructure >>> SEBI Approval 05-Mar-18
    4) RITES >>> SEBI Approval 20-Feb-18
    5) Indian Renewable Energy Development Agency >>> SEBI Approval 16-Feb-18
    6) Barbeque-Nation Hospitality >>> SEBI Approval 05-Jan-18
    7) Acme Solar Holdings >>> SEBI Approval 15-Dec-17
    8) CMS Info Systems >>> SEBI Approval 30-Nov-17
    9) Reliance General Ins. Co. >>> SEBI Approval 29-Nov-17
    10) Seven Islands Shipping >>> SEBI Approval 10-Nov-17
    11) Prince Pipes and Fittings >>> SEBI Approval 03-Nov-17
    12) Gandhar Oil Refinery (India) >>> SEBI Approval 26-Oct-17

    Lemon Tree % of Deliverable Quantity to Traded Quantity on NSE- 20.58 %

    09-Apr-2018 LEMONTREE Lemon Tree Hotels Ltd DB INTERNATIONAL ASIA LIMITED SELL 44,62,331 62.07 –
    09-Apr-2018 LEMONTREE Lemon Tree Hotels Ltd MIRAE ASSET ASIA SECTOR LEADER EQUITY FUND BUY 51,54,716 65.61 –

    This one is not new in the recent list of IPOs where promoters are selling stakes via OFS to save on LTCG taxes before 31st March. The valuation of the company at issue price of 54-56 is not looking comfortable as per earning of FY17.

    Company has turned the corner for the first nine months of the current fiscal. Although it has carried forward loses for past four years, their depreciated assets have appreciated and the projects completed in these periods have started contributing to top and bottom lines. Based on negative earnings so far, its P/E remains negative. Management is confident of maintaining its occupancy rate that is far better than industry average as India has emerged as the biggest market for such type of hotel chains. Its loyalty programme is continuously rising with “Lemon Tree Smiles”. Considering all these aspects, cash surplus investors may consider investment for long term.

    Lemon tree hotel … RONW of 0.66 …Loss making unit in the last 5 years……n ppl are queueing to buy their shares??