The Juniper Hotels IPO started on February 21, 2024, and ended on February 23, 2024. Shares were allocated on February 26, 2024, and refund processes began on February 27, 2024. On February 27, 2024, the shares were credited to investors demat accounts. Juniper Hotels was officially listed on the stock exchange on February 28, 2024.
During the IPO, Juniper Hotels offered shares at a price range of ₹342 to ₹360 per share, and the lot size was 40 shares. The total issue size was ₹1800 crores, with ₹1800 crores from new shares. The IPO was listed on both the NSE and BSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Juniper Hotels IPO Subscription Update Video
Juniper Hotels IPO Subscription Status
The Juniper Hotels IPO on February 23, 2024 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, the QIB (Qualified-Institutional Buyers) category being subscribed 3.11 times.
| Category | Subscription |
| QIB | 3.11x |
| NII | 0.89x |
| Retail | 1.31x |
| Total | 2.18x |
Juniper Hotels IPO Basic Details
| Company Name | Juniper Hotels Limited |
| 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 |
About Juniper Hotels Limited
Established in September 1985, Juniper Hotels Limited is a company that specializes in developing and owning luxury hotels. Currently, the company runs seven hotels and serviced apartments, providing a total of 1,836 rooms as of September 30, 2023.
Juniper Hotels’ properties in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi are renowned for their luxury, upper upscale, and upscale offerings. Notably, the Grand Hyatt Mumbai Hotel and Residences holds the title of India’s largest luxury hotel, and Hyatt Regency Lucknow and Hyatt Regency Ahmedabad stand as the biggest upper upscale hotels in their respective markets. Additionally, Hyatt Raipur is the sole upper upscale hotel in Raipur.
Saraf Hotels Ltd and Two Seas Holdings Ltd, an affiliate of Hyatt Hotels Corporation, jointly own Juniper Hotels, creating a strategic partnership between a hotel developer and an international hospitality company.
Recognized with various awards, Juniper Hotels received 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 experienced significant growth in revenue, rising 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 boasts 116 serviced apartments in Grand Hyatt Mumbai and 129 serviced apartments in Hyatt Delhi.
With a total of 1,631 permanent employees as of September 30, 2023, Juniper Hotels and its affiliate, the CHPL Group, employ 362 permanent employees. Together, they have a combined workforce of 1,993 employees.
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Juniper Hotels IPO FAQs
What is the start and end date of Juniper Hotels IPO Subscription?
The Juniper Hotels IPO started on February 21, 2024, and ended on February 23, 2024.
When does Juniper Hotels IPO Subscription open?
The Juniper Hotels IPO open on February 21, 2024.
When does Juniper Hotels IPO Subscription close?
The Juniper Hotels IPO Close on February 23, 2024.
What is the allotment date of Juniper Hotels IPO?
The allotment date for Juniper Hotels IPO is February 26, 2024.
When is the initial refund date of Juniper Hotels IPO?
The initial Refund date for Juniper Hotels IPO is February 27, 2024.
When were the shares credited to investors demat accounts for the Juniper Hotels IPO?
The shares for the Juniper Hotels IPO were credited to investors demat accounts on February 27, 2024.
When will Juniper Hotels IPO be listed on the stock market?
Juniper Hotels IPO stock market will be listed on February 28, 2024 at 10 am.
What was the price range of the Juniper Hotels IPO shares?
The Juniper Hotels IPO shares were offered at a price range of ₹342 to ₹360 per share.
What was the lot size for the Juniper Hotels IPO shares?
The lot size for the Juniper Hotels IPO shares was 40 shares.
What was the total issue size of the Juniper Hotels IPO?
The total issue size of the Juniper Hotels IPO was ₹1800.00 crores.
How were the shares allocated among different types of investors for the Juniper Hotels IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Juniper Hotels IPO listed?
The Juniper Hotels IPO was listed on both the NSE and BSE.
What is the Juniper Hotels IPO Subscription Status?
Juniper Hotels IPO is subscribed 2.18 Times.
