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IPO Synopsis

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IPO

Lemon Tree Hotels Ltd
Initial public offering of 185,479,400 equity shares* of face value of Rs. 10 each (the "equity shares") of Lemon Tree Hotels Limited (the "company" or the "company" or the "issuer") for cash at a price of Rs. 56 per equity share (the "offer price") aggregating Rs. 1038.68 Crores* (the "offer") through an offer for sale of 94,500,053 equity shares aggregating to Rs. 529.20 Crores by Maplewood Investment Ltd ("Maplewood"), 25,320,584 equity shares aggregating to Rs. 141.79 Crores by RJ Corp Limited ("rj corp"), 13,999,416 equity shares aggregating to Rs. 78.40 Crores by Ravi Kant Jaipuria and sons (huf) ("rkj huf"), 6,986,180 equity shares aggregating to Rs. 39.12 Crores by Whispering Resorts Private Limited ("whispering resorts"), 883,440 equity shares aggregating to Rs. 4.95 Crores by swift Builders Limited ("swift builders"), 23,649,816 equity shares aggregating to Rs. 132.44 Crores by Five Star Hospitality Investment Limited ("five star"), 19,159,911 equity shares aggregating to Rs. 107.30 Crores by Palms international Investments Limited ("palms international"), 480,000 equity shares aggregating to Rs. 2.69 Crores by Mr. Satish Chander Kohli and 500,000 equity shares aggregating to Rs. 2.80 Crores by Mr. Raj Pal Gandhi (together, the "selling shareholders" and such offer, the "offer for sale") The offer constitutes 23.59%* of the Post-offer paid-up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the offer price is Rs. 56 per equity share, which is 5.6 times the face value of the equity shares. *subject to the finalisation of the basis of allotment
Issue
Opens On Closes On
26-Mar-18 28-Mar-18
Money Payable On
Application Allotment
56.00 0.00
Minimum Application for shares in Nos : 265 Further Multiples of : 265
Cr Lead Managers to the Issue
Project Cost (.Cr) 50.87 CLSA India Pvt Ltd
Project Financed through Current Offer (.Cr) 1038.68  
Post Issue Equity Share Capital (.Cr) 786.41
Issue Price () 56.00
Projects
The Sale of up to 185,479,400 equity shares by the selling shareholders
Listing of Shares on Stock Exchanges
Promoted By
Patanjali Govind Keswani
Spank Management Services PLtd
Listing At
BSE
NSE
Registrar to the Issue
No Data Available