Lemon Tree Hotels’ initial public offer was opened during 26-28, March and was subscribed 1.2 times
New Delhi: Shares of hospitality chain Lemon Tree Hotels listed with a premium of 10 percent on debut on Monday over the issue price of Rs 56. The stock listed at Rs 61.60 on both BSE and NSE. [caption id=“attachment_4424183” align=“alignleft” width=“380”]![Shares of Lemon Tree Hotels list at 10% premium over issue price of Rs 56 . Reuters image.]()
Shares of Lemon Tree Hotels list at 10% premium over issue price of Rs 56 . Reuters image.[/caption] In terms of equity volume, 28.67 lakh shares of the company were traded on BSE and over 2 crore shares changed hands on NSE in the morning trade. The company’s market valuation stood at Rs 4,922.94 crore. Its initial public offer was opened during 26-28, March and was subscribed 1.2 times. The price band for the offer was fixed at Rs 54-56. Kotak Mahindra Capital Company, CLSA India and J P Morgan India were the global co-ordinators and book running lead managers to the offer.
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