The Delhi-based company Lemon Tree will raise INR 1000 Cr. through an IPO to open new Hotels in India. The Initial Public Offering (IPO) will open on March 26 and represents 23.59% of the equity share capital of the Lemon Tree Company. Let’s have a look at the IPO details:

Issue Open: March 26 – March 28, 2018

Issue Size: 185,479,400 Equity Shares

Issue Price: INR 54 – 56 / Equity share

Minimum Order Quantity: 265 Shares

Listing at: BSE, NSE

About Lemon Tree:

Incorporated in 1992, Lemon Tree Hotels is the India’s biggest hotel chain in the mid-priced hotel sector and its hotels are located across India, in metro cities including Bengaluru, the NCR, Chennai and Hyderabad as well as the tier I and tier II cities like Ahmedabad, Pune, Jaipur, Indore, Chandigarh and Aurangabad.