Lemon Tree Hotels Limited IPO GMP

Lemon-Tree-Hotels-Limited-IPOAbout Lemon Tree Hotels

Lemon Tree Hotels is a hotel chain company based in India. It is Indias largest hotel chain in the mid-priced hotel sector and the 3rd largest overall in terms of controlling interest in owned and leased rooms as of June 30, 2017 according to the Horwath Report.
The company operates under 3 brands: Lemon Tree Premier (upper midscale), Lemon Tree Hotels (midscale) & Red Fox by Lemon Tree Hotels (economy)
The company owns and operates 44 hotels with over 4500 rooms in 28 cities of India till date. Lemon Tree Hotels was founded by Patanjali (Patu) Keswani. This award winning Indian hotel chain opened its first hotel with 49 rooms in May 2004
In India, its hotels are located in major destinations such as Alwar, Ahmedabad, Aurangabad, Bengaluru, Chandigarh, Chennai, Dehradun, Delhi, Goa, Gurgaon, Ghaziabad, Hyderabad, Indore, Jaipur, Katra, Jammu and Kashmir, Kerala, Noida, Patna, Pune and Vadodara. This rapid growth has made the group the 9th largest hotel chain in India in terms of owned, leased and managed rooms, as of June 30, 2017.
Lemon Tree Hotels plans to expand its portfolio to 8000 rooms by 2018.Hotels are currently under development in Mumbai, Pune, Kolkata, Coimbatore, Jammu, Trichy, Shimla and Udaipur.The chain is expanding in the east of India by way of an owned upscale hotel in Kolkata and two managed midscale hotels, one each in Siliguri (50 rooms) and Gangtok, Sikkim (80 rooms). Besides this, the chain is also looking at entering strategic destinations like Asansol, Bhubaneswar, and Mirik.Scheduled for 2018 the Rajarhat property in Kolkata is slated to be an upscale Lemon Tree Premier and will comprise 150 rooms.Lemon Tree Premier is scheduled to come up in Patna in 2017 at Exhibition Road.

Source :- https://en.wikipedia.org/wiki/Lemon_Tree_Hotels

Your Comment:
 2 + 1 

admin Apr 9 2018 10:01:19 AM
Lemon Tree listing 61.6. 10% premium.

admin Mar 28 2018 2:58:11 PM
@viren shah, for QIB including anchor investor lock-in period is 30 days from the date of allotment.

viren shah Mar 28 2018 2:31:22 PM
Sirs, what is lock in period for QIB?

admin Mar 28 2018 2:29:22 PM
@Rajneesh, Don't think listing gain will be there. Already issue not that much good. also subscription figure is not up to mark.

Rajneesh Mar 28 2018 2:11:51 PM
Admin, Pls advise is this IPO will give listing gain or not? overall subscription figure is not good however FII is oversubscribed by 2.8 times..

admin Mar 28 2018 1:10:37 PM
@Kritika, wait till 2:30

Kritika Mar 28 2018 12:13:47 PM
admin whts your call for this stock...FII has shown some movement

admin Mar 27 2018 9:57:37 AM
Once again it's proven. if subscription figure is good then listing will be positive. Bandhan Bank listing at 499. 33% up.

admin Mar 27 2018 7:00:42 AM
no gmp foe lemon. will update if gmp activity noted. bandhan bank gmp updated. lets see how much it will be true.

abhay modi Mar 26 2018 1:31:36 PM
what is gmp

VJ Mar 26 2018 12:40:58 PM
Avoid. Not looking good and neither is the market.

H.Goel Mar 23 2018 11:23:21 PM
Appears good ipo to invest in.Summer holidays approaching so hotel business should flourish