Juniper Hotels is scheduled to hit the market on February 21, 2024 and close on February 23, 2024. Juniper Hotels plans to raise around ₹1,800.00 Cr through an IPO with a sale of up to 50,000,000 equity shares of ₹10 each. The Retail offered 10%, QIB Shares Offered 75%, HNI Shares Offered 15%
Established in September 1985, Juniper Hotels Limited is a prominent luxury hotel development and ownership company. Presently, the company manages a portfolio of seven hotels and serviced apartments, providing a total of 1,836 rooms across various locations. In cities like Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi, Juniper Hotels has established itself as a key player in the luxury, upper upscale, and upscale hospitality segments. Noteworthy properties include Grand Hyatt Mumbai Hotel and Residences, recognized as India's largest luxury hotel, along with Hyatt Regency Lucknow and Hyatt Regency Ahmedabad, which lead as the largest upper upscale hotels in their respective markets. Additionally, Hyatt Raipur stands out as the sole upper upscale hotel in Raipur.
The ownership structure of Juniper Hotels involves collaboration between Saraf Hotels Ltd and Two Seas Holdings Ltd, an affiliate of Hyatt Hotels Corporation, fostering a strategic partnership that combines a hotel developer with an international hospitality entity. The company has garnered several prestigious awards, including the “Best Luxury Business Hotel in Delhi” at the Today's Traveller Awards 2022 for Andaz Delhi and the “Best 5 Star Hotel in Gujarat” at the Gujarat Tourism Awards 2022 for Hyatt Regency Ahmedabad. Over recent fiscal years, Juniper Hotels has witnessed a substantial revenue growth from ₹1,663.51M in Fiscal 2021 to ₹3,086.89M in Fiscal 2022, escalating further to ₹6,668.54M by Fiscal 2023.
Juniper Hotels IPO Details
Juniper Hotels IPO opens on Feb 21, 2024, and closes on Feb 23, 2024. The Listing date for Juniper Hotels IPO is on Feb 28, 2024. The price band for IPO is ₹342 to ₹360 per share and lot size of 40 Shares.
| IPO Date | Feb 21, 2024 to Feb 23, 2024 |
| Listing Date | Feb 28, 2024 |
| Price | ₹342 to ₹360 per share |
| Lot Size | 40 Shares |
| Issue Size | ₹1,800.00 Cr |
| Face Value | ₹10 per share |
Juniper Hotels IPO Tentative Timetable
Juniper Hotels opening date is February 21, 2024 and close date is February 23, 2024. The IPO allotment date is February 26, 2024. The refund initiation of IPO is on February 27, 2024. The credit of shares in demat account is on February 27, 2024. The listing date is on February 28, 2024.
| Event | Date |
|---|---|
| IPO Opening | Feb 21, 2024 |
| IPO Closing | Feb 23, 2024 |
| IPO Allotment Date | Feb 26, 2024 |
| Refund Initiation | Feb 27, 2024 |
| Shares Credit to Demat | Feb 27, 2024 |
| Lisiting Date | Feb 28, 2024 |
Juniper Hotels IPO Lot Size
Lot Size of this IPO is 40 shares. A retail-individual investor can apply for up to 13 lots (520 shares or ₹187,200).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 40 | ₹14,400 |
| Retail(Maximum) | 13 | 520 | ₹187,200 |
| S-HNI (Minimum) | 14 | 560 | ₹201,600 |
| B-HNI (Minimum) | 70 | 2,800 | ₹1,008,000 |
Juniper Hotels IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | % |
Juniper Hotels IPO Review
Juniper Hotels Limited's Initial Public Offering (IPO) presents a compelling opportunity for investors looking to participate in the hospitality sector. The company's robust financial performance, highlighted by a significant increase in revenue from ₹1,663.51M in Fiscal 2021 to ₹6,668.54M in Fiscal 2023, reflects its strong market position and growth trajectory. Furthermore, Juniper Hotels' strategic focus on acquisitions, such as CHPL and CHHPL, has not only expanded its serviced apartment portfolio but also contributed to a total employee count of 1,993 as of September 30, 2023.
The IPO proceeds are earmarked for crucial objectives, including the repayment or prepayment of outstanding borrowings and general corporate purposes. Juniper Hotels' prudent approach to debt management is evident in its financial statements, with total borrowings standing at ₹2,252.75 Crore as of September 30, 2023. Despite facing challenges such as a negative Return on Net Worth (RoNW) of -0.42%, the company's resilience and commitment to leveraging its strengths bode well for sustainable growth and value creation for stakeholders.
Investors evaluating Juniper Hotels' IPO should consider its strong revenue growth trajectory and the company's strategic initiatives to drive future profitability. With a solid asset base and a clear utilization plan for the IPO proceeds, Juniper Hotels Limited demonstrates a sound financial strategy aimed at enhancing shareholder value and maintaining a competitive edge in the dynamic hospitality market.
Juniper Hotels IPO Subscription Status (Bidding Details)
Table not foundJuniper Hotels IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Juniper Hotels IPO FAQs
What is Juniper Hotels IPO?
Juniper Hotels is issuing 50,000,000 equity shares with a face value of ₹10 each, totaling up to ₹1,800.00 Cr. The shares are being offered at a price of ₹342 to ₹360 each, with a minimum order quantity of 40 shares.
Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Juniper Hotels IPO will open?
Juniper Hotels will open on February 21, 2024 for QIB, NII, and Retail Investors.
When Juniper Hotels IPO will end?
Juniper Hotels will end on February 23, 2024.
What is Juniper Hotels IPO Size?
Juniper Hotels IPO size is ₹1,800.00 Cr.
What is Juniper Hotels IPO Price Band?
Juniper Hotels price band is ₹342 to ₹360 per share.
What is the Juniper Hotels IPO Allotment Date?
Juniper Hotels allotment date is February 26, 2024.
What is the Juniper Hotels IPO Listing Date?
Juniper Hotels listing date is February 28, 2024. The IPO is to be listed on BSE and NSE.
How to Juniper Hotels IPO through Zerodha?
To apply for the IPO “Juniper Hotels” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Juniper Hotels IPO through Upstox?
To apply for the IPO “Juniper Hotels” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Juniper Hotels IPO Allotment Status?
For Juniper Hotels IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Juniper Hotels IPO GMP?
You can check out here: Juniper Hotels IPO GMP