New Listing: Lemon Tree Hotels debuts with 10% premium at Rs 61.6 apiece
Shares of Lemon Tree Hotels made a strong debut on the exchanges with a premium of 10 percent.
The hospitality chain’s stock listed at Rs 61.6, up Rs 5.6 from its issue price of 56 per share, on the National Stock Exchange (NSE).
Its public issue was subscribed 1.19 times during March 26-28, 2018.
The Rs 1,038.68 IPO received bids for 15.49 crore shares against the total issue size of 12.98 crore shares.
The segment reserved for qualified institutional buyers (QIBs) was subscribed 3.89 times while non-institutional investors and retail investors subscribed 12 percent each.
The company had managed to raise Rs 311 crore from anchor investors.