Juniper Hotels Limited
Mainboard₹14,400 / 40 Shares
Juniper Hotels Limited IPO Details
The Juniper Hotels Limited IPO price band is set between ₹342-360 per equity share, with a face value of ₹10 per share. The issue is managed by Kfin Technologies Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 21 Feb, 2024 and closes on 23 Feb, 2024. Investors can check the allotment status on 26 Feb, 2024, while the listing date is tentatively scheduled for 28 Feb, 2024.
The total issue size is 50,000,000 shares, aggregating up to ₹1,800.00 Cr. Stay tuned for the latest Juniper Hotels Limited IPO review and GMP updates.
Juniper Hotels Limited IPO Review, Rating & Analysis
Juniper Hotels Limited IPO Review
NO REVIEWJuniper Hotels Limited IPO Rating
Juniper Hotels Limited IPO Highlights
IPO Date
Feb 21, 2024 - Feb 23, 2024
Listing Date
28 Feb, 2024
Face Value
₹10 Per Equity Share
Price Band
₹342-360 per equity share
Lot Size
40 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Juniper Hotels Limited IPO Lot Size
The minimum market lot for Juniper Hotels Limited IPO is 40 shares with an application amount of ₹14,400. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹14,400 |
| Retail (Max) | 13 | 520 | ₹1,87,200 |
| S-HNI (Min) | 14 | 560 | ₹2,01,600 |
| S-HNI (Max) | 69 | 2760 | ₹9,93,600 |
| B-HNI (Min) | 70 | 2800 | ₹10,08,000 |
Juniper Hotels Limited IPO Timeline
Issue Price
₹342-360 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedLead Manager
Jm Financial LimitedClsa India Private LimitedICICI Securities LimitedIssue Size
50,000,000 shares(aggregating up to ₹1,800.00 Cr)Juniper Hotels Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 3020.27 | 717.29 | -1.50 | 354.51 | 210.81 | 2045.61 |
| 31 Mar 22 | 3069.86 | 343.76 | -188.03 | 356.37 | 212.67 | 2121.81 |
| 31 Mar 21 | 3055.54 | 192.85 | -199.49 | 543.90 | 400.20 | 1830.48 |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Arun Kumar Saraf, & Saraf Hotels Limited
- Two Seas Holdings Limited
- Juniper Investments Limited.
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | 77.53% |
About Company
Juniper Hotels Limited is a luxury hotel development and ownership company. As of September 30, 2023, the company operates seven hotels and serviced apartments with a total of 1,836 rooms.
The company's hotels and serviced apartments in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi are landmarks in the luxury, upper upscale and upscale categories. Grand Hyatt Mumbai Hotel and Residences is India's largest luxury hotel, while Hyatt Regency Lucknow and Hyatt Regency Ahmedabad are the biggest upper upscale hotels in their respective markets. Finally, Hyatt Raipur is the only upper upscale hotel in Raipur.
Juniper Hotels is co-owned by Saraf Hotels Ltd and Two Seas Holdings Ltd, an affiliate of Hyatt Hotels Corporation, forming a strategic partnership between a hotel developer and an international hospitality company.
The company has been honored with several awards, including the Best Luxury Business Hotel in Delhi at the Today's Traveller Awards in 2022 for Andaz Delhi, and the Best 5 Star Hotel in Gujarat at the Gujarat Tourism Awards in 2022 for Hyatt Regency Ahmedabad.
The revenue from operations increased from ₹1,663.51M in Fiscal 2021 to ₹3,086.89M in Fiscal 2022 and ₹6,668.54M in Fiscal 2023.
As of Sep 30, 2023, the company has 116 serviced apartments in Grand Hyatt Mumbai and 129 serviced apartments in Hyatt Delhi.
As of September 30, 2023, the company had a total of 1,631 permanent employees. The CHPL Group had a total of 362 permanent employees. Together, they had a total of 1,993 employees.
Juniper Hotels Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 15,000,000 | 7,500,000 5,000,000 2,500,000 | 5,000,000 | 27,500,000 |
Day 1 -21-02-24 05:00 PM | 0.00 x | 0.06 0.05 x 0.08 x | 0.52 x | 0.11 x |
Day 2 -22-02-24 05:00 PM | 0.06 x | 0.14 0.13 x 0.16 x | 0.87 x | 0.23 x |
Day 3 -23-02-24 05:00 PM | 2.96 x | 0.85 1.03 x 0.48 x | 1.28 x | 2.08 x |
Company Contact Details
Juniper Hotels Limited
Off Western Express Highway, Santacruz East, Mumbai 400 055Phone: + 91 22 6676 1000
Email: complianceofficer@juniperhotels.com
Website: http://www.juniperhotels.com/
Registrar Contact Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: jhl.ipo@kfintech.com
Frequently Asked Questions about Juniper Hotels Limited IPO
When will Juniper Hotels Limited IPO open for subscription?
The Juniper Hotels Limited IPO opens on 21 Feb, 2024 and closes on 23 Feb, 2024.
What is the investors portion for Juniper Hotels Limited IPO?
The investors' portion for QIB is 2.96 x, NII is 1.03 x, and Retail is 1.28 x.
How to apply for Juniper Hotels Limited IPO?
You can apply for Juniper Hotels Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Juniper Hotels Limited IPO?
The issue size of Juniper Hotels Limited IPO is approx ₹50,000,000 shares(aggregating up to ₹1,800.00 Cr) crores.
What is the price band of Juniper Hotels Limited IPO?
The price band for Juniper Hotels Limited IPO is ₹342 to ₹360 per equity share.
What is the lot size of Juniper Hotels Limited IPO?
The minimum bid (lot size) for Juniper Hotels Limited IPO is N/A shares with an investment of approx ₹14,400 .
What is the allotment date of Juniper Hotels Limited IPO?
The allotment date for Juniper Hotels Limited IPO is 26 Feb, 2024.
What is the listing date of Juniper Hotels Limited IPO?
The listing date for Juniper Hotels Limited IPO is expected to be 28 Feb, 2024.
What is the GMP of Juniper Hotels Limited IPO?
The latest Grey Market Premium (GMP) for Juniper Hotels Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.