The Juniper Hotels IPO commenced on February 21, 2024, and concluded on February 23, 2024. The allotment of shares took place on February 26, 2024, and the initiation of refunds began on February 27, 2024. The shares were credited to the demat accounts of investors on February 27, 2024. Finally, the listing of Juniper Hotels on the stock exchange occurred on February 28, 2024.
The Juniper Hotels IPO was priced at ₹342 to ₹360 per share, with a lot size of 40 shares. The total issue size was ₹1800 crores, comprising a fresh issue of ₹1800 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Juniper Hotels IPO Basic Details
| Company Name | Juniper Hotels Limited |
| Juniper Hotels IPO GMP Today | ₹2 |
| Juniper Hotels IPO Listing Gain | 2.78% |
| Juniper Hotels IPO Open Date | February 21, 2024 |
| Juniper Hotels IPO Close Date | February 23, 2024 |
| Juniper Hotels IPO Allotment Date | February 26, 2024 |
| Juniper Hotels IPO Listing Date | February 28, 2024 |
| Face Value | ₹10 per share |
| Price | ₹342 to ₹360 per share |
| Lot Size | 40 Shares |
| Issue Size | 50,000,000 shares of ₹10 (aggregating up to ₹1,800.00 Cr) |
| Fresh Issue | 50,000,000 shares of ₹10 (aggregating up to ₹1,800.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Arun Kumar Saraf, & Saraf Hotels Limited, Two Seas Holdings Limited and Juniper Investments Limited |
Juniper Hotels IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹10 | 2.78% | – | – |
| 19 February 2024 | ₹10 | 2.78% | – | – |
Juniper Hotels IPO Details:
Established in September 1985, Juniper Hotels Limited is a company that specializes in creating and owning luxury hotels. Currently, the company manages seven hotels and serviced apartments, boasting a total of 1,836 rooms as of September 30, 2023.
Juniper’s hotels and serviced apartments in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi are renowned for their luxury offerings in various categories. Notably, the Grand Hyatt Mumbai Hotel and Residences holds the title of India’s largest luxury hotel. Additionally, Hyatt Regency Lucknow and Hyatt Regency Ahmedabad stand as the largest upper upscale hotels in their respective markets. Hyatt Raipur holds the distinction of being the sole upper upscale hotel in Raipur.
The ownership of Juniper Hotels is a collaboration between Saraf Hotels Ltd and Two Seas Holdings Ltd, an affiliate of Hyatt Hotels Corporation. This partnership combines the strengths of a hotel developer and an international hospitality company.
Juniper Hotels has received multiple accolades, 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 company’s revenue has seen a significant rise, increasing from ₹1,663.51M in Fiscal 2021 to ₹3,086.89M in Fiscal 2022 and reaching ₹6,668.54M in Fiscal 2023.
As of Sep 30, 2023, Juniper Hotels manages 116 serviced apartments in Grand Hyatt Mumbai and 129 serviced apartments in Hyatt Delhi.
On the personnel front, the company had 1,631 permanent employees as of September 30, 2023. The CHPL Group, comprising Juniper Hotels and its affiliate, had a total of 362 permanent employees. Collectively, they employed 1,993 individuals.
Juniper Hotels IPO More Details Click Here
Juniper Hotels IPO FAQs
When is Juniper Hotels IPO open?
Juniper Hotels IPO will open on 21 February 2024.
When is Juniper Hotels IPO Close?
Juniper Hotels IPO will be closed on 23 February 2024.
What is Juniper Hotels IPO GMP Today?
The Juniper Hotels IPO GMP aka Grey Market Premium is ₹10.
What is Juniper Hotels IPO Kostak Rates Today?
The Juniper Hotels IPO Kostak Rate is ₹000.
What is Juniper Hotels IPO Subject to Sauda Price Today?
The Juniper Hotels IPO subject to sauda rates is ₹000.
Juniper Hotels IPO Expected Returns?
The Juniper Hotels expected return is 2.78%.
How much will be the listing gain in Juniper Hotels IPO?
Juniper Hotels IPO will get listing gain of 2.78%. (Approx.)
