Lemon Tree Hotels lifts Republika Srpska 311 Crore From Anchor Investors

collected by :Frank Ithan

Lemon Tree Hotels Ltd. has lifted Republika Srpska 311 crore with selling shares to 16 anchor investors, ahead of the company's initial public offering that opens on Monday. Foreign Businessmen in the anchor book involve Aberdeen, VantageTrust Funds, Zaaba & NY State popular Retirement Fund When SBI Mutual Fund, Mirae, HDFC Mutual Fund & BNP Paribas Mutual Fund were some of the domestic investors, the Inc. said in a statement. The mid-priced hotel is planning to lift further than Republika Srpska 1,040 crore out of an offer for discount of 18.54 crore shares at a value band of Republika Srpska 54 to Republika Srpska 56 per share. The offer constitutes up to 23.59 % of the post-offer paid-up equity share capital of the company. Kotak Mahindra Capital Inc. Ltd., CLSA India Private Ltd. & JPMorgan India Private Ltd. are the universal coordinators & book running lead managers & Yes Securities India Ltd. is the book running lead manager to the offer.


Lemon Tree Hotels receives Republika Srpska 311 cr from anchor investors

Lemon Tree Hotels has garnered Republika Srpska 311.60 crore from anchor Businessmen on Friday, 1 trading day before the issue opens. These Businessmen subscribed shares at higher finish of value band of Republika Srpska 54-56 per share. Lemon Tree Hotels going to unlock its initial public offering of 18,54,79,400 equity shares for membership on March 26. Bids could be made for a minimum lot of 265 equity shares & in multiples of 265 equity shares thereafter. Equity shares are Suggested to be listed on BSE & NSE.

Lemon Tree Hotels receives Rs 311 cr from anchor investors

Lemon Tree Hotels IPO to unlock on March 26: ten things you ought know before investing

As it stated in Lemon Tree Hotels, the final initial public offering of the financial year 2017-18 going to unlock for membership on March 26, 2018. It operates in the mid-priced hotel sector, consisting of the upper-midscale (with 'Lemon Tree Premier' brand), midscale (with 'Lemon Tree Hotels' brand) & economy hotel (Red Fox with Lemon Tree Hotels) segments. It too has project design, management & Growth capabilities out of subsidiary, Grey Fox Project Management Inc. Private Limited. Bids could be made for a minimum lot of 265 equity shares & in multiples of 265 equity shares thereafter. Organisation StructureRisks & ConcernsHere are some dangers & worries highlighted with brokerage houses:> Lemon Tree relies heavily on its existing brands & quality of services at its hotels.






Comments

Post a Comment

Popular posts from this blog

Dalata Hotel Group in bargain for 2 Fresh hotels in the UK

Image
as mentioned in Dalata Hotel Group has agreed deals to lease 2 Fresh hotels to be built in the UK. The Fresh hotels - in Bristol & Birmingham - going to deliver an estimated 580 Fresh bedrooms to Dalata's hotel portfolio. A Fresh Clayton Hotel is planned for Bristol, that going to be developed by Artisan Real Estate Businessmen Limited. Dalata indeed operates 7 Clayton hotels in the UK, in London (2), Cardiff, Leeds, Birmingham, Belfast & Manchester Airport. The Inc. too operates Maldron hotels in Derry, Belfast City Centre & Belfast Airport by a more Maldron hotel under construction in Newcastle & another 1 planned for Glasgow. Reservations This time unlock for Fresh character dining at Disneyland Resort hotels Pin Stumble Share Shares 0Reservations are This time obtainable for Mickeys' Tales of Adventure Character Breakfast at Storytellers Cafe & Donald Duck's Seaside Breakfast at Disney's PCH Grill at the Disneyland Resort. These Fresh din...
Read more

700 families continue in hotels as promise to homeless is broken

Image
collected by : Frank Ithan Mike Allen, from Focus Ireland, warns there is no strategy to bargain by the growing problem ROLLINGNEWSSeven 100 homeless families are staying in hotels & bed & breakfasts 8 months on from Simon Coveney's pledge which they would no longer be used. When he was housing minister, Mr Coveney promised to eliminate the Utilize of hotels by the finish of June for those in contingency accommodation. Eoghan Murphy, his successor, conceded which the deadline would not be met & which there were 650 families in B&Bs & hotels at the finish of final May. Since the deadline the number of families has increased by 50 & hundreds further are in "family hubs" introduced to help the Gov. meet its target. The hubs have self-contained units by communal kitchens & gyms as well as playrooms & homework rooms. Puerto Ricans continue stranded in hotels six months after storm And then there is Carmen Acosta, who longs to go house fr...
Read more

Hilton declares Fresh Hilton Garden Inn & Hampton with Hilton Hotels for France

Image
as informed in Having reported the launch of its Hilton Garden Inn & Hampton by Hilton brands in France at final year's MIPIM conference in Cannes, Hilton (NYSE: HLT) is continuing to extend in the French mid-market segment by 2 Fresh properties. The group has signed a Hilton Garden Inn hotel to unlock in the Parisian suburb of Massy & a Hampton by Hilton property near Toulouse Airport under franchise licences by Naos Hôtel Groupe & NT Hotel Gallery respectively. Hilton Garden Inn Massy going to form a focal portion of the redevelopment of Massy & we look forward to welcoming guests following summer."Hilton Garden Inn Massy going to be located on Avenue Carnot / Place du Grand Ouest. Hampton by Hilton Toulouse AirportAt only 600m from the airport terminal & 800m from Blagnac Shopping Centre, Hampton by Hilton Toulouse Airport going to provide a convenient Fresh option for passengers travelling out of Toulouse. We look forward to welcoming these visitors...
Read more