Discover the opulent journey with Juniper Hotels IPO, a book-built issue set at ₹342 to ₹360 per share. Explore the details, key dates, and financial highlights of this luxury hotel development company.
Introduction
Embark on a luxurious adventure with Juniper Hotels Limited as it unveils its Initial Public Offering (IPO). This book-built issue, with a price band of ₹342 to ₹360 per share, aims to raise Rs 1,800.00 crores through a fresh issue of 5 crore shares.
Key Dates of Juniper Hotels IPO
- IPO Opens: February 21, 2024
- IPO Closes: February 23, 2024
- Allotment Finalization: February 26, 2024
- Listing Date: February 28, 2024
Juniper Hotels IPO Details
- Face Value: ₹10 per share
- Lot Size: 40 Shares
- Total Issue Size: 50,000,000 shares (₹1,800.00 Cr)
- Issue Type: Book Built Issue IPO
- Listing At: BSE, NSE
Reservation Details
- QIB Shares Offered: Not less than 75% of the Net Issue
- Retail Shares Offered: Not more than 10% of the Net Issue
- NII (HNI) Shares Offered: Not more than 15% of the Net Issue
Anchor Investors
Juniper Hotels IPO has already garnered Rs 810.00 crores from anchor investors on February 20, 2024. The anchor lock-in period ranges from 30 to 90 days.
IPO Timeline (Tentative Schedule)
- IPO Opens: February 21, 2024
- IPO Closes: February 23, 2024
- Basis of Allotment: February 26, 2024
- Listing Date: February 28, 2024
Lot Size
Investors can bid for a minimum of 40 shares, and the table below illustrates the minimum and maximum investment for various categories:
- Retail (Min): 1 lot (40 shares, ₹14,400)
- Retail (Max): 13 lots (520 shares, ₹187,200)
- S-HNI (Min): 14 lots (560 shares, ₹201,600)
- S-HNI (Max): 69 lots (2,760 shares, ₹993,600)
- B-HNI (Min): 70 lots (2,800 shares, ₹1,008,000)
Promoter Holding
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The Promoter, including Arun Kumar Saraf, Saraf Hotels Limited, Two Seas Holdings Limited, and Juniper Investments Limited, holds 100% pre-issue.
About Juniper Hotels Limited
Established in September 1985, Juniper Hotels is a distinguished luxury hotel development and ownership company. Operating seven hotels with 1,836 rooms across Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi, Juniper Hotels has received accolades for its excellence.
Financial Snapshot (Restated Consolidated)
- Revenue (Fiscal 2023): ₹6,668.54M
- Profit After Tax (Fiscal 2023): -₹26.50 Cr
- Total Borrowing (Fiscal 2023): ₹2,252.75 Cr
Objectives of the IPO
- Repayment/Prepayment/Redemption of certain outstanding borrowings.
- General corporate purposes.
Analyst Insights
Juniper Hotels, co-owned by Saraf Hotels Ltd and Two Seas Holdings Ltd, exhibits impressive growth. Despite recent losses, the company’s strategic partnership with Hyatt Hotels Corporation and its position in key markets make it an intriguing investment.
Investors must assess Juniper Hotels’ potential against industry peers, considering the evolving hospitality landscape and the company’s resilience in a competitive market.
In conclusion, Juniper Hotels IPO beckons investors to participate in a luxury hospitality venture, blending tradition with innovation. Stay tuned for updates on this extravagant journey!
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Note: All financial figures are in ₹ Crore.
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