Lemon Tree Hotels shares soar 28% on stock market debut after $160m IPO

Lemon Tree Hotels shares soar 28% on stock market debut after $160m IPO

Visual from Lemon Tree website

Shares of Lemon Tree Hotels Ltd closed nearly 28% higher on the stock market debut on Monday after its Rs1,039 crore initial public offering (IPO) was subscribed 119% during the three-day share sale that closed on 28 March.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter