MUMBAI: Lemon Tree Hotels Limited proposes to open on March 26, an initial public offering (IPO) of equity shares of upto 185,479,400 equity shares of face value of Rs10 of Lemon Tree Hotels Limited. The price band has been fixed from Rs 54 to Rs 56 per equity share. Bids can be made for a minimum lot of 265 equity shares and in multiples of 265 equity shares thereafter. The bid/offer period will close on March 28. The equity shares being offered through the RHP are proposed to be listed on BSE and NSE. The offer for sale of up to 94,500,053 equity shares by Maplewood Investment Ltd., up to 25,320,584 equity shares by RJ Corp Limited, up to 13,999,416 equity shares by Ravi Kant Jaipuria and Sons (HUF), up to 6,986,180 equity shares by Whispering Resorts Private Limited, up to 883,440 equity shares by Swift Builders Limited etc.
, up to 23,649,816 equity shares by Five Star Hospitality Investment Limited, up to 19,159,911 equity shares by Palms International Investments Limited, up to 480,000 equity shares by Satish Chander Kohli and up to 500,000 equity shares by Raj Pal Gandhi. etc