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Lemon Tree Hotels Ltd.
Issue Open Date 26-Mar-18  
Issue Closing Date 28-Mar-18  
Application Money 100  
Allotment Money  
Price Band 54 - 56  
Minimium Application No. 265  
Issue Size (Shares) 185479400  
Market Lot 1  
Objective
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 195,797,000 Equity Shares by the Selling Shareholders. Further, our Company expects that listing of the Equity Shares will enhance our visibility and brand image and provide liquidity to our shareholders. Listing will also provide a public market for the Equity Shares in India. Our 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 SellingShareholders in the Offer for Sale.
Category No. of Shares No. of Shares Subscription Ratio
  Offered / Reserved Bid For  
Non-Institutional Investors   27821910   3260295   0.12  
Qualified Institutional Buyers   37095880   144150725   3.89  
Retail Individual Investors   64917790   7509040   0.12  
Business Description
We are India’s largest hotel chain in the mid-priced hotel sector, and the third largest overall, on the basis of controllinginterest in owned and leased rooms, as of June 30, 2017, according to the Horwath Report. We are the ninth largest hotelchain in India in terms of owned, leased and managed rooms, as of June 30, 2017, according to the Horwath Report. Weoperate in the mid-priced hotel sector, consisting of the upper-midscale, midscale and economy hotel segments. We seekto cater to Indian middle class guests and deliver differentiated yet superior service offerings, with a value-for-moneyproposition. We opened our first hotel with 49 rooms in May 2004. We operated 4,289 rooms in 40 hotels (includingmanaged hotels) across 24 cities in India as of July 31, 2017.
Promoter's Holding
Total Share Capital   244615233  
Offered to Public   195797000  
Promoter's Holding (Pre-Issue)   31.1  
Promoter's Holding (Post-Issue)   29.16  
Address
Asset No. 6
Aerocity Hospitality District

New Delhi,
Delhi,
110037
Phone : 011-41650101
Email : sectdeptt@lemontreehotels.com
Website : www.lemontreehotels.com
Registrar
Karvy Computershare Pvt Ltd
105-108
Arunachal Building
19
Barakhamba Road
New Delhi
Listed at
NSE
Lead Manager
CLSA India Ltd
JP Morgan India Pvt Ltd
Kotak Mahindra Capital Co Ltd
Yes Securities (India) Ltd.
Promoters
Patanjali Govind Keswani
Spank Management Services Pvt Ltd.
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