Juniper Hotels IPO Details | GMP, Date, Price, Review

Juniper Hotels IPO

Table of Contents

Juniper Hotels IPO Details ( Juniper Hotels Limited IPO Review )

(21 Feb 2024 – 23 Feb 2024)

Founded in September 1985, Juniper Hotels Limited is a company that specializes in developing and owning luxury hotels. Currently, the company manages seven hotels and serviced apartments, providing a total of 1,836 rooms as of September 30, 2023.

Juniper Hotels has established itself as a key player in the luxury, upper upscale, and upscale hotel categories in cities such as Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi. Notably, the Grand Hyatt Mumbai Hotel and Residences holds the title of India’s largest luxury hotel, while Hyatt Regency Lucknow and Hyatt Regency Ahmedabad are the leading upper upscale hotels in their respective markets. Furthermore, Hyatt Raipur stands as the sole upper upscale hotel in Raipur.

The company is a collaborative venture between Saraf Hotels Ltd and Two Seas Holdings Ltd, an affiliate of Hyatt Hotels Corporation, creating a strategic partnership between a hotel developer and an international hospitality company.

Juniper Hotels has received various awards, such as the “Best Luxury Business Hotel in Delhi” at the 2022 Today’s Traveller Awards for Andaz Delhi and the “Best 5 Star Hotel in Gujarat” at the 2022 Gujarat Tourism Awards for Hyatt Regency Ahmedabad.

In terms of financial performance, the company experienced substantial growth, with revenue from operations increasing from ₹1,663.51 million in Fiscal 2021 to ₹3,086.89 million in Fiscal 2022 and reaching ₹6,668.54 million in Fiscal 2023.

As of September 30, 2023, Juniper Hotels manages 116 serviced apartments in Grand Hyatt Mumbai and 129 serviced apartments in Hyatt Delhi.

The company boasts a dedicated team, with a total of 1,631 permanent employees as of September 30, 2023. Additionally, the CHPL Group, with a total of 362 permanent employees, contributes to a combined workforce of 1,993 employees.

Juniper Hotels Limited IPO Competitive Strength

  • Expertise in site selection and identifying opportunities to develop our hotels
  • Unique partnership between asset owner and operator brand backed by strong parentage
  • Robust asset management capabilities with a focus on enhancing operating efficiency and profitability
  • Increasing returns by having multiple revenue streams and complementary offerings
  • Well positioned to benefit from industry trends
  • Experienced and qualified board and management team

Juniper Hotels IPO Financials Performance ( Results )

Juniper Hotels Limited Financial Information (Restated)

All Amount in ₹ Crores

Period EndedTotal AssetsTotal RevenuePATEPS
(₹)
Net WorthReservesBorrowing
31-Mar-213,055.54192.85-199.49-0.10543.90400.201,830.48
31-Mar-223,069.86343.76-188.03-13.08356.37212.672,121.81
31-Mar-233,020.27717.29-1.50-13.88354.51210.812,045.61
30-Sep-233,837.83337.43-26.50-1.82859.67687.172,252.75

Objective of Juniper Hotels IPO Issue

  • Repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings availed by the Company and its recent acquisitions, namely CHPL and CHHPL; and
  • General corporate purposes.

Juniper Hotels IPO Basic Details

IPO DateFeb 21, 2024 to Feb 23, 2024
Listing DateWednesday, February 28, 2024
Face Value₹10 per share
Price₹342 to ₹360 per share
Lot Size40 Shares
Issue Size50,000,000 shares of ₹10
(aggregating up to ₹1,800.00 Cr)
Fresh Issue50,000,000 shares of ₹10
(aggregating up to ₹1,800.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE, BSE
Share holding pre issue172,502,384
Share holding post issue222,502,384
Company PromotersArun Kumar Saraf, & Saraf Hotels Limited,
Two Seas Holdings Limited and
Juniper Investments Limited

Juniper Hotels IPO Reservation

QIB Shares Offered75% of the Net Issue
NII (HNI) Shares Offered15% of the Net Issue
Retail Shares Offered10% of the Net Issue

Juniper Hotels IPO Timetable

Juniper Hotels IPO will open on February 21, 2024 and close on February 23, 2024. You can join Juniper Hotels IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

EventDate
Opening Date21 February 2024 (Wednesday)
Closing Date23 February 2024 (Friday)
Basis of Allotment26 February 2024 (Monday)
Initiation of Refunds27 February 2024 (Tuesday)
Credit of Shares to Demat27 February 2024 (Tuesday)
Listing Date28 February 2024 (Wednesday)
Deadline for UPI mandate confirmation5 PM on 23 February 2024

Juniper Hotels IPO Lot Size

For retail investors in Juniper Hotels IPO, 40 shares will come in 1 lot or the minimum investment will be ₹14,400. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹187,200.

ApplicationLotsSharesAmount
Retail (Min)140₹14,400
Retail (Max)13520₹187,200
S-HNI (Min)14560₹201,600
S-HNI (Max)692,760₹993,600
B-HNI (Min)702,800₹1,008,000

Juniper Hotels IPO Promoter Holding

The company’s promoters include Arun Kumar Saraf, & Saraf Hotels Limited, Two Seas Holdings Limited and Juniper Investments Limited.

Pre Issue Share Holding100.00%
Post Issue Share Holding

Juniper Hotels Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

KPIValues
Market Cap (₹ Cr.)
Earning Per Share (EPS)₹-0.42 per Equity Share
Net Asset Value (NAV)₹24.67 per Equity Share
P/E Ratio (P/E) (x)
Post P/E Ratio (P/E) (x)
Return on Net Worth (RoNW) (%)
Return on equity (ROE) (%)
Return on Capital Employed (ROCE) (%)
Debt/Equity Ratio
Price/Book Value Ratio

Juniper Hotels IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
Today₹10
16 February 2024₹10

Juniper Hotels IPO Detail Video:

Juniper Hotels IPO Subscription Status (Bidding Detail)

The Juniper Hotels IPO on February 23, 2024 at 7:30:00 PM was subscribed 2.18 times, with the retail category being subscribed 1.31 times, the NII (Non-Institutional Investor) category being subscribed 0.89 times, QIB (Qualified-Institutional Buyers) category being subscribed 3.11 times.

CategorySubscription
QIB3.11x
NII0.89x
Retail1.31x
Total2.18x

Juniper Hotels IPO Prospectus

Juniper Hotels IPO DRHPDownload
Juniper Hotels IPO RHPDownload
Juniper Hotels IPO Anchor Investors Details PDFDownload

Juniper Hotels IPO Rating

Our Rating2.0/5.0

Juniper Hotels Company Contact Information

Juniper Hotels Limited

Juniper Hotels Limited

Corporate Identity Number: U55101MH1985PLC152863
Registered and Corporate Office: Off Western Express Highway, Santacruz East, Mumbai 400 055, Maharashtra, India
Contact Person: Sandeep L. Joshi – Company Secretary and Compliance Officer
Tel: + 91 22 6676 1000
E-mail: complianceofficer@juniperhotels.com
Website: www.juniperhotels.com
Our Promoters: Arun Kumar Saraf, Saraf Hotels Limited, Two Seas Holdings Limited and Juniper Investments Limited

Juniper Hotels IPO Registrar

KFin Technologies Limited

(formerly known as KFin Technologies Private Limited)
Registered Office: Selenium, Tower-B Plot No. 31 & 32, Gachibowli, Financial District Nanakramguda, Serilingampally, Hyderabad, 500 032, Telangana, India
Telephone: +91 40 6716 2222/ 1800 309 4001
E-mail: jhl.ipo@kfintech.com
Website: www.kfintech.com
Investor Grievance E-mail: einward.ris@kfintech.com
Contact Person: M. Murali Krishna
SEBI Registration No.: INR000000221

Juniper Hotels IPO Lead Manager

JM Financial Limited

Registered Office: 7th Floor, Cnergy, Appasaheb Marathe Marg Prabhadevi, Mumbai 400 025, Maharashtra, India
Telephone: + 91 22 6630 3030
E-mail: juniperhotels.ipo@jmfl.com
Investor Grievance E-mail: grievance.ibd@jmfl.com
Website: www.jmfl.com
Contact person: Prachee Dhuri
SEBI Registration No.: INM000010361

CLSA India Private Limited

Registered Office: 8/F Dalamal House Nariman Point, Mumbai 400 021, Maharashtra, India
Telephone: +91 22 6650 5050
E-mail: juniper.ipo@clsa.com
Investor Grievance E-mail: investor.helpdesk@clsa.com
Website: www.india.clsa.com
Contact Person: Prachi Chandgothia/ Siddhant Thakur
SEBI Registration No.: INM000010619

ICICI Securities Limited

Registered Office: ICICI Venture House Appasaheb Marathe Marg, Prabhadevi Mumbai 400 025, Maharashtra, India
Telephone: +91 22 6807 7100
E-mail: juniperhotels.ipo@icicisecurities.com
Investor Grievance E-mail: customercare@icicisecurities.com
Website: www.icicisecurities.com
Contact Person: Namrata Ravasia/ Gaurav Mittal
SEBI Registration No.: INM000011179

Juniper Hotels IPO FAQs

What is the lot size of Juniper Hotels IPO?

The total size of Juniper Hotels IPO is ₹1800 crores and this is a complete fresh Issue.

When will Juniper Hotels IPO start?

Juniper Hotels IPO will open from 21 February 2024 and IPO will close on 23 February 2024.

What is the open date of Juniper Hotels IPO?

Juniper Hotels IPO will open date from 21 February 2024.

What is the last date ( close date ) of Juniper Hotels IPO?

Juniper Hotels IPO will close from 23 February 2024.

What is the price band of Juniper Hotels IPO?

Juniper Hotels IPO price band is ₹342 to ₹360. ( Upper Price Band: ₹360, Lower Price Band: ₹342 )

What is the minimum amount required to apply for Juniper Hotels IPO?

The minimum investment for retailers to apply for Juniper Hotels IPO is ₹14,400 and the maximum investment is ₹187,200.

What is going on gray market premium of Juniper Hotels IPO?

View gray market premium of Juniper Hotels IPO by Clicking Here

How much is the GMP of Juniper Hotels IPO?

Watch Juniper Hotels IPO GMP Today: Click Here

What is the allotment date of Juniper Hotels IPO?

The allotment date of Juniper Hotels IPO is 26 February 2024.

How to check allotment status in Juniper Hotels IPO?

To check the allotment status of Juniper Hotels IPO, first of all go to the registrar website by clicking here, select your bad Juniper Hotels IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )

What is the listing date of Juniper Hotels IPO?

The listing date of Juniper Hotels IPO is 28 February 2024.

How much will be the listing gain in Juniper Hotels IPO?

View listing gain of Juniper Hotels IPO by Clicking Here

How much time Juniper Hotels IPO is subscribed?

Total 2.18 times subscribed in Juniper Hotels IPO out of which 1.31 times subscription was done in retail quota, 0.89 times subscription in NII quota and 3.11 times subscription in QIB quota.

How to apply for Juniper Hotels IPO from Upstox?

Click Here to see how to apply for Juniper Hotels IPO from Upstox. (step by step)

How to apply for Juniper Hotels IPO from Zerodha?

Click Here to see how to apply for Juniper Hotels IPO from Zerodha. (step by step)

How to apply for Juniper Hotels IPO from Angle One?

Click Here to see how to apply for Juniper Hotels IPO from Angle One. (step by step)

Leave a Reply

Your email address will not be published. Required fields are marked *