Lemon Tree Hotels IPO to open on March 26; price band fixed at Rs 54-56
Mumbai: Lemon Tree Hotels will open its initial public offer for subscription on March 26 and close on March 28.
The Delhi-based company, which has three brands -- Red Fox, Lemon Tree and Lemon Tree Premier -- has fixed its IPO price band at Rs 54 to Rs 56.
The budget and mid-market hotel will be raising Rs 1,000 crore through an offer for sale of upto 18.5 crore shares.
Kotak Mahindra Capital,CLSA India,JP Morgan are the bankers to the issue.
The Delhi-based company, which has three brands -- Red Fox, Lemon Tree and Lemon Tree Premier -- has fixed its IPO price band at Rs 54 to Rs 56.
The budget and mid-market hotel will be raising Rs 1,000 crore through an offer for sale of upto 18.5 crore shares.
Kotak Mahindra Capital,CLSA India,JP Morgan are the bankers to the issue.