LEMON TREE HOTELS LIMITED Public Issue of Equity Shares

Issue Highlights

Summary Statement of Profit and Losses, as restated (Rs. In Million)

Particulars For the period ended

31-Dec- 17 Year Ended

March 31, 2017

Total Income 3,528.75 4,181.36

Total Expenditure 2,542.93 2,955.70

Profit Before Tax 52.75 (24.75)

Profit after Tax 28.45 (71.70)

EPS (Basic) *0.04 (0.11)

EPS (Diluted) *0.04 (0.11)

RONW *1.32 0.58

*not annualized

Retail Payment Chart

Issue Dates: 26-Mar-18 to 28-Mar-18

Cut off Price : Rs.* Per Share

No. of Shares

Amount No. of Shares

Amount

* * * *

* * * *

* * * *

* * * *

* * * *

* * * *

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Event Indicative Date

Finalisation of Basis of Allotment with the Designated Stock Exchange

On or about April 4, 2018

Initiation of refunds (if any, for Anchor Investors) / unblocking of funds from ASBA Account

On or about April 5, 2018

Credit of Equity Shares to demat accounts of Allottees

On or about April 6, 2018

Commencement of trading of the Equity Shares on the Stock Exchanges

On or about April 9, 2018

Business Overview

Lemon Tree Hotels Limited is India’s largest hotel chain in the mid-priced hotel sector, and the third largest overall, on the basis of controlling

interest in owned and leased rooms, as of June 30, 2017, according to the

Horwath Report.

The Company is ninth largest hotel chain in India in terms of owned,

leased and managed rooms, as of June 30, 2017, according to the Horwath

Report. Company operate in the mid-priced hotel sector, consisting of the

upper-midscale, midscale and economy hotel segments. Company have created three brands in order to address three hotel segments:

· ‘Lemon Tree Premier’

· ‘Lemon Tree Hotels’

· ‘Red Fox by Lemon Tree Hotels’

Promoters

Mr. Patanjali Govind Keswani And Spank Management Services Private Limited

Object of the Issue

The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the sale of up to 185,479,400 Equity Shares by the Selling Shareholders. Further, the Company expects that listing of the Equity Shares will enhance its visibility and brand image and provide liquidity to its shareholders. Listing will also provide a public market for the Equity Shares in India. The Company will not receive any proceeds from the Offer and all the proceeds will go to the Selling Shareholders, in proportion to the Equity Shares offered and sold by the respective Selling Shareholders in the Offer for Sale.

Peer Group Company

• The Indian Hotels Company Limited

• EIH Limited*

Issue opens: Monday, March 26, 2018

Issue closes: Wednesday, March 28, 2018

Price Band: Will be declared 5 days prior to Issue opening date

Bid Lot: Will be declared 5 days prior to Issue opening date

Face Value: Rs.10/-

Listing: BSE & NSE

Registrar: Karvy Computershare Private Limited

Issue Size: 185,479,400 Equity Shares

Offer Break up:

Category Allocation Issue Size (Rs. in Crs)

Lower Band Upper Band

QIB 50% * *

NIB 15% * *

Retail 35% * *

Total 100% * *