Lemon Tree Hotels Shares Close 28% Higher In The Stock Market Debut

In the stock market debut on Monday, Lemon Tree Hotels shares jumped as high as Rs 73.90, nearly  30% higher than the IPO's issue price of Rs 56 a piece. Lemon Tree hotels shares closed not very far from the intraday high of Rs 73.90 as it closed at Rs 71.60, 28 percent higher than the issue price of Rs 56 during the initial public offering that closed on March 28. The Lemon Tree Hotels Initial public offering (IPO) was open for thre...