Lemon Tree Hotels Ltd Share Price Lemon Tree Hotel

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Chairman & Managing Director Patanjali Govind Keshwani
Deputy Managing Director ANKUR JALAN
Director Aditya Madhav Keswani
Director RAVI KANT JAIPURIA
Director Willem Albertus Hazeleger
Independent Director Gopal Sitaram Jiwarajka
Independent Director Freyan Jamshed Desai
Independent Director Paramartha Saikia
Independent Director Arvind Singhania
Independent Director Ashish Guha
Company Secretary Nikhil Sethi
Director Niten Malhan
Independent Director Pradeep Mathur

Lemon Tree Hotels (LTH) is the largest mid-priced hotel sector chain, and the third largest overall, on the basic of controlling interest in owned and leased rooms, as of 30 June 2017, according to Horwath Report. The Company operates in the mid-priced hotel sector, consisting of the upper-midscale, midscale and economy hotel segments and seeks to cater to Indian middle class guests and deliver differentiated yet superior service offerings, with a value-for-money proposition. The company operates 50 hotels in 31 cities with ~5000 rooms and over 5000 employees (As on July, 2018).Lemon Tree hotels are located across India, in metro regions, including the NCR, Bengaluru, Hyderabad and Chennai, as well as tier I and tier II cities such as Pune, Ahmedabad, Chandigarh, Jaipur, Indore and Aurangabad.The Companys vision is to be Indias largest and most preferred chain of hotels and resorts in each of the upper-midscale, midscale and economy hotel segments. Due to the dynamic and evolving nature of Indian guests expectations and based on its market research, it has created three brands in order to address these three hotel segments:* Lemon Tree Premier which is targeted primarily at the upper-midscale hotel segment catering to business and leisure guests who seek to use hotels at strategic locations and are willing to pay for premium service and hotel properties;* Lemon Tree Hotels which is targeted primarily at the midscale hotel segment catering to business and leisure guests and offers a comfortable, cost-effective and convenient experience; and* Red Fox by Lemon Tree Hotels which is targeted primarily at the economy hotel segment.The companys Promoter, Mr. Patanjali Govind Keswani has approximately three decades of experience in the hotel and hospitality industry. He has demonstrated ability to manage and grow its operations organically and also by acquiring and integrating hotels. The Companys shareholders include marquee investors such as funds affiliated with Warburg Pincus and APG, a Netherlands based asset manager of pension funds.In 2004, the company opened first its Lemon Tree Hotel in Gurugram, Haryana. In 2006, Maplewood Investment Ltd (fund affiliated to Warburg Pincus) made investment in the company. In 2008, Citron Limited made investment in the company. In 2009, the company opened the first Red Fox hotel in Jaipur, Rajasthan.The name of the company was changed to Lemon Tree Hotels Private Limited on 10 June 2010. In 2010, the company opened the first Lemon Tree Premier hotel in Leisure Valley, Gurugram, Haryana.On the conversion of the company to a public limited company pursuant to a resolution passed by the shareholders on September 29, 2012, the name of the company was changed to Lemon Tree Hotels Limited on October 22, 2012.In 2012, APG Strategic Real Estate Pool N.V. made investment in the company. During the year under review, the company commenced the business of management of hotels through its subsidiary Carnation Hotels Private Limited.In 2015, APG made investment in the companys two subsidiaries Nightingale Hotels Private Limited and Begonia Hotels Private Limited.On 22/09/2017 the company filed Draft Red Herring Prospectus and on 19/03/2018 filed Red Herring Prospectus with SEBI for raising Rs. 1038.68 cr. The Issue dates were from 26/03/2018 to 28/03/2018 with Price Band of Rs. 54 to Rs. 56. The Issue got subscribed 1.14 times leading to its Issue Price being fixed at Rs. 56. The Shares got listed in BSE and NSE on 09/04/2018 at Rs. 61.60 which is 10% above Issue Price.On 8 June 2018, Lemon Tree Hotels informed the stock exchanges that the companys subsidiary company Iora Hotels Private Limited(IORA) has received final pre-construction approval i.e Consent to Establish from Maharashtra Pollution Control Board for commencing construction of its 577 rooms & suites property with large convention center to be opened under the Companys brand Lemon Tree Premier located next to Mumbai International Airport, Mumbai, which is the most demand dense and highest barrier to entry hotel market in India. The groundbreaking i.e start of construction shall commence on 10th June 2018.On 6 September 2018, Lemon Tree Hotels informed the stock exchanges that it has signed a License Agreement for a 60-room property including 15 luxury tents at Ranthambore, Rajasthan under the Companys brand Lemon Tree Premier. The Hotel is expected to be operational by September 2020. Carnation Hotel Private Limited, the hotel management arm of the Company will be operating and marketing this Hotel.On 16 October 2018, Lemon Tree Hotels informed the stock exchanges that it has signed a License Agreement for a 70-room property located near BKC, Mumbai under the Companys brand Lemon Tree Hotel. The Hotel is expected to be operational by June 2019. Carnation Hotel Private Limited, the hotel management arm of the Company will be operating and marketing this Hotel. This Hotel is addition to the two (2) other upcoming owned hotels of the Lemon Tree Group in Mumbai with a combined inventory of approx 1000 rooms.Lemon Tree Hotels came out with an initial public offer (IPO) of 185,479,400 equity shares of face value of Rs 10 each of the company for cash at a price of Rs 56 per equity share aggregating to Rs 1038.68 crores during the period from 26 March 2018 to 28 March 2018. The offer for sale was of 94,500,053 equity shares aggregating to Rs 529.20 Crores by Maplewood Investment Ltd, 25,320,584 equity shares aggregating to Rs 141.79 Crores by RJ Corp Limited, 13,999,416 equity shares aggregating to Rs78.40 Crores by Ravi Kant Jaipuria and sons (huf), 6,986,180 equity shares aggregating to Rs 39.12 Crores by Whispering Resorts Private Limited, 883,440 equity shares aggregating to Rs 4.95 Crores by swift Builders Limited, 23,649,816 equity shares aggregating to Rs 132.44 Crores by Five Star Hospitality Investment Limited, 19,159,911 equity shares aggregating to Rs 107.30 Crores by Palms international Investments Limited, 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, the selling shareholders. There was no fresh issue of shares by the company. The IPO was priced at Rs 56 per equity share.

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Website : http://www.lemontreehotels.com
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