Lemon Tree Hotels Rises 10% Above IPO Price On Stock Market Debut

Lemon Tree Hotels Rises 10% Above IPO Price On Stock Market Debut

Lemon Tree Hotels listed at a premium of 10 percent at Rs 61.60 per share on the National Stock Exchange, compared to its issue price of Rs 56.       

The stock rose as much as 16 percent to Rs 65 from its issue price thereafter.              

The initial public offer of hospitality chain Lemon Tree Hotels was subscribed 1.19 times on the final day of bidding on the final day.