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Juniper Hotels IPO is a book build issue of ₹1,800.00 crores. The issue is entirely a fresh issue of 5.00 crore shares of ₹1,800.00 crore.
Juniper Hotels IPO bidding started from Feb 21, 2024 and ended on Feb 23, 2024. The allotment for Juniper Hotels IPO was finalized on Feb 26, 2024. The shares got listed on BSE, NSE on Feb 28, 2024.
Juniper Hotels IPO price band is set at ₹360.00 per share . The lot size for an application is 40. The minimum amount of investment required by an retail is ₹13,680 (40 shares). The lot size investment for sNII is 14 lots (560 shares), amounting to ₹2,01,600, and for bNII, it is 70 lots (2,800 shares), amounting to ₹10,08,000.
JM Financial Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Juniper Hotels IPO RHP for detailed Information.
| IPO Date | February 21, 2024 to February 23, 2024 |
| Listing Date | February 28, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹342 to ₹360 per share |
| Issue Price Final | ₹360 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 5,00,00,000 shares (aggregating up to ₹1,800.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 17,25,02,384 shares |
| Share Holding Post Issue | 22,25,02,384 shares |
Juniper Hotels IPO offers total 5,00,00,000 shares. Out of which 3,75,00,000 (75.00%) allocated to QIB, 1,50,00,000 (30.00%) allocated to QIB, 75,00,000 (15.00%) allocated to NII, 50,00,000 (10.00%) allocated to RII and 2,25,00,000 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 3,75,00,000 (75.00%) | NA |
| − Anchor Investor Shares Offered | 2,25,00,000 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,50,00,000 (30.00%) | NA |
| NII (HNI) Shares Offered | 75,00,000 (15.00%) | NA |
| − bNII > ₹10L | 50,00,000 (10.00%) | 8,928 |
| − sNII < ₹10L | 25,00,000 (5.00%) | 4,464 |
| Retail Shares Offered | 50,00,000 (10.00%) | 1,25,000 |
| Total Shares Offered | 5,00,00,000 (100.00%) |
Juniper Hotels IPO raises ₹810.00 crore from anchor investors. Juniper Hotels IPO Anchor bid date is February 20, 2024. Juniper Hotels IPO Anchor Investors list
| Bid Date | February 20, 2024 |
| Shares Offered | 2,25,00,000 |
| Anchor Portion Size (In Cr.) | 810.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 27, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 26, 2024 |
Juniper Hotels IPO opens on February 21, 2024, and closes on February 23, 2024.
| IPO Open Date | Wed, Feb 21, 2024 |
| IPO Close Date | Fri, Feb 23, 2024 |
| Tentative Allotment | Mon, Feb 26, 2024 |
| Initiation of Refunds | Tue, Feb 27, 2024 |
| Credit of Shares to Demat | Tue, Feb 27, 2024 |
| Tentative Listing Date | Wed, Feb 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 23, 2024 |
Investors can bid for a minimum of 40 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 | 2,760 | ₹9,93,600 |
| B-HNI (Min) | 70 | 2,800 | ₹10,08,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in September 1985, 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's revenue increased by 108.66% and profit after tax (PAT) rose by 99.2% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,837.83 | 3,020.27 | 3,069.86 | 3,055.54 |
| Total Income | 337.43 | 717.29 | 343.76 | 192.85 |
| Profit After Tax | -26.50 | -1.50 | -188.03 | -199.49 |
| Net Worth | 859.67 | 354.51 | 356.37 | 543.90 |
| Reserves and Surplus | 687.17 | 210.81 | 212.67 | 400.20 |
| Total Borrowing | 2,252.75 | 2,045.61 | 2,121.81 | 1,830.48 |
| Amount in ₹ Crore | ||||
| KPI | Values |
|---|---|
| RoNW | -0.42% |
The net proceeds of the Issue, i.e., gross proceeds of the Issue less the Issue related expenses are proposed to be utilised in the following manner:
1. 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
2. General corporate purposes.
[Dilip Davda] Well, though the financial performance so far has seen negative trends at PAT levels, it is the highest gross profit earning hospitality company with well-known global brand “Hyatt” as well as investor global partner. As the issue is at a negative P/E due to its loss making status at the net level, it is meant for well-informed investors to park funds for handsome rewards in medium to long term. Read detail review...
| Listing Date | February 28, 2024 |
| BSE Script Code | 544129 |
| NSE Symbol | JUNIPER |
| ISIN | INE696F01016 |
| Final Issue Price | ₹360 per share |
| BSE Listing Group | B |
Juniper Hotels Ltd.
Off Western Express Highway
Santacruz East,
Mumbai 400 055,
Mumbai, Maharashtra
Phone: + 91 22 6676 1000
Email: complianceofficer@juniperhotels.com
Website: http://www.juniperhotels.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: jhl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Juniper Hotels IPO is a main-board IPO of 5,00,00,000 equity shares of the face value of ₹10 aggregating up to ₹1,800.00 Crores. The issue is priced at ₹360 per share. The minimum order quantity is 40.
The IPO opens on February 21, 2024, and closes on February 23, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Juniper Hotels IPO using UPI as a payment gateway. Zerodha customers can apply in Juniper Hotels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Juniper Hotels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Juniper Hotels IPO opens on February 21, 2024 and closes on February 23, 2024.
Juniper Hotels IPO lot size is 40, and the minimum amount required for application is ₹14,400.
You can apply in Juniper Hotels IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Juniper Hotels IPO will be done on Monday, February 26, 2024, and the allotted shares will be credited to your demat account by Tuesday, February 27, 2024. Check the Juniper Hotels IPO allotment status.
The Juniper Hotels IPO listing date is on Wednesday, February 28, 2024.
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