COMPANY BACKGROUND

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.

The Company is ninth largest hotel chain in India in terms of owned, leased and managed rooms, as of June 30, 2017, according to the Horwath Report. Company operate in the mid-priced hotel sector, consisting of the upper-midscale, midscale and economy hotel segments.

Company have created three brands in order to address three hotel segments:

  • · ‘Lemon Tree Premier’
  • · ‘Lemon Tree Hotels’
  • · ‘Red Fox by Lemon Tree Hotels

Issue Highlights

Issue opens

Monday, March 26, 2018

Issue closes

Wednesday, March 28, 2018

Issue Size

185,479,400 Equity Shares (Rs. 1002 Crs – Rs. 1039 Crs)

Price Band

Rs. 54/ – Rs. 56/- per share

Bid Lot

265 Equity Shares and in multiples there after

Face Value

Rs. 10/- per share

Listing

NSE & BSE

Registrar

Karvy Computershare Private Limited

Payment

Compulsorily ASBA Mode


Issue Break up

Category Issue Size Allocation Issue Size (Rs. in Crs) Issue Size (Rs. in Crs)
    Lower Band Upper Band
QIB 50% 501 519
NIB 15% 150 156
Retail 35% 351 364
Total 100% 1002 1039

 

Object of the Issue

The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the sale of up to 185,479,400 Equity Shares by the Selling Shareholders. Further, the Company expects that listing of the Equity Shares will enhance its visibility and brand image and provide liquidity to its shareholders. Listing will also provide a public market for the Equity Shares in India.

The Company will not receive any proceeds from the Offer and all the proceeds will go to the Selling Shareholders, in proportion to the Equity Shares offered and sold by the respective Selling Shareholders in the Offer for Sale.

Retail payment chart - LEMON TREE HOTELS LIMITED

No. of Shares Cut off price per share Rs. 56 Total Amount (Rs.)
265 56 14840
530 56 29680
795 56 44520
1060 56 59360
1325 56 74200
1590 56 89040
1855 56 103880
2120 56 118720
2385 56 133560
2650 56 148400
2915 56 163240
3180 56 178080
3445 56 192920