Juniper Hotels IPO Price: ₹342 to ₹360
IPO Date Range: Feb 21, 2024 - Feb 23, 2024
Juniper Hotels Limited, specializing in the development and ownership of luxury hotels, was established in September 1985. As of September 30, 2023, the company manages a portfolio of seven hotels and serviced apartments, offering a combined total of 1,836 rooms.
Juniper Hotels Limited boasts landmark establishments in the luxury, upper upscale, and upscale categories across Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi. Notably, Grand Hyatt Mumbai Hotel and Residences stand as India's largest luxury hotel. Additionally, Hyatt Regency Lucknow and Hyatt Regency Ahmedabad claim the title of the biggest upper upscale hotels in their respective markets.
Furthermore, Hyatt Raipur proudly holds the distinction of being the sole upper upscale hotel in Raipur. As of September 30, 2023, the company manages 116 serviced apartments at Grand Hyatt Mumbai and 129 serviced apartments at Hyatt Delhi.
Juniper Hotels, co-owned by Saraf Hotels Ltd and Two Seas Holdings Ltd (an affiliate of Hyatt Hotels Corporation), embodies a unique collaboration between a hotel developer and an international hospitality giant.
The company's commitment to excellence is evident through its multiple accolades, such as Andaz Delhi winning the "Best Luxury Business Hotel in Delhi" at the 2022 Today's Traveller Awards and Hyatt Regency Ahmedabad securing the title of "Best 5 Star Hotel in Gujarat" at the 2022 Gujarat Tourism Awards.
| IPO Date | February 21, 2024 to February 23, 2024 |
| Listing Date | Wednesday, February 28, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹342 to ₹360 per share |
| Lot Size | 40 shares |
| Total Issue Size | 50,000,000 shares (aggregating up to ₹1,800.00 Cr) |
| Fresh Issue | 50,000,000 shares (aggregating up to ₹1,800.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 172,502,384 |
| Share holding post issue | 222,502,384 |
Bidders have the opportunity to bid for a minimum of 40 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹14,400 |
| Retail (Max) | 13 | 520 | ₹187,200 |
| S-HNI (Min) | 14 | 560 | ₹201,600 |
| S-HNI (Max) | 69 | 2760 | ₹993,600 |
| B-HNI (Min) | 70 | 2800 | ₹1,008,000 |
| QIB Shares Offered | Not more than 75% of the Net Issue |
| Retail Shares Offered | Not less than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| IPO Open Date | Wednesday, February 21, 2024 |
| IPO Close Date | Friday, February 23, 2024 |
| Basis of Allotment | Monday, February 26, 2024 |
| Initiation of Refunds | Tuesday, February 27, 2024 |
| Credit of Shares to Demat | Tuesday, February 27, 2024 |
| Listing Date | Wednesday, February 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 23, 2024 |
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In a remarkable financial performance, Juniper Hotels Limited witnessed substantial growth, with a staggering 108.66% increase in revenue and a notable 99.2% rise in profit after tax (PAT) between the fiscal years ending on March 31, 2023, and March 31, 2022.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Assets | 3055.54 | 3069.86 | 3020.27 | 3837.83 |
| Revenue | 192.85 | 343.76 | 717.29 | 337.43 |
| Profit After Tax | -199.49 | -188.03 | -1.50 | -26.50 |
| Net Worth | 543.90 | 356.37 | 354.51 | 859.67 |
| Reserves & Surplus | 400.20 | 212.67 | 210.81 | 687.17 |
| Total Borrowing | 1830.48 | 2121.81 | 2045.61 | 2252.75 |
| KPI | Values |
|---|---|
| RoNW | -0.42% |
The net proceeds from the Issue, which refers to the gross proceeds reduced by Issue-related expenses, are intended to be utilized as follows:
Prospectus: Official documents that provide detailed information about the IPO and the company. Juniper Hotels DRHP and Juniper Hotels RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Juniper Hotels Limited" IPO is ₹342 to ₹360 per share.
The "Juniper Hotels Limited" IPO is expected to be listed on Wednesday, 28 February 2024.
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