Bookbuilding IPO | ₹1,800 Cr | Listed at BSE, NSE | Wed, Feb 21, 2024 - Fri, Feb 23, 2024
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 per share. The lot size for an application is 40. The minimum amount of investment required by an retail is ₹14,400 (40 shares) (based on upper price). 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 Open
Wed, Feb 21, 2024
IPO Close
Fri, Feb 23, 2024
Issue Price
₹360 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 21 to 23 Feb, 2024 |
| Listed on | Wed, Feb 28, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹342 to ₹360 |
| Issue Price | ₹360 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 5,00,00,000 shares (agg. up to ₹1,800 Cr) |
| Fresh Issue | 5,00,00,000 shares (agg. up to ₹1,800 Cr) |
| Share Holding Pre Issue | 17,25,02,384 shares |
| Share Holding Post Issue | 22,25,02,384 shares |
| BSE Script Code / NSE Symbol | 544129 / JUNIPER |
| ISIN | INE696F01016 |
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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 40 shares and in multiples thereof.
| 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 |
Juniper Hotels IPO raises ₹810.00 crore from anchor investors. Juniper Hotels IPO Anchor bid date is February 20, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Feb 20, 2024 |
| Shares Offered | 2,25,00,000 |
| Anchor Portion (₹ Cr.) | 810.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Mar 27, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, May 26, 2024 |
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.
| 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 | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/prepayment/redemption, in full or in part,of certain outstanding borrowings availed by the Company and the recent acquisitions, namely CHPL and CHHPL | 1,500.00 |
| 2 | General corporate purposes | 233.08 |
| KPI | |
|---|---|
| RoNW | -0.42% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100.00% | 77.53% |
The Juniper Hotels IPO is subscribed 2.18 times on February 23, 2024 6:20:00 PM (Day 3). The public issue subscribed 1.31 times in the retail category, 3.11 times in the QIB category, and 0.89 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 3.11 | 1,50,00,000 | 4,67,11,200 |
| NII | 0.89 | 75,00,000 | 66,72,120 |
| bNII (bids above ₹10L) | 1.08 | 50,00,000 | 54,15,720 |
| sNII (bids below ₹10L) | 0.5 | 25,00,000 | 12,56,400 |
| Retail | 1.31 | 50,00,000 | 65,37,680 |
| Total | 2.18 | 2,75,00,000 | 5,99,21,000 |
Total Application : 1,21,009
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs and commissions includingunderwriting commission, brokerage and selling commission,as applicable | 44.02 |
| 2 | Commission/processing fees for SCSBs, Sponsor Banks and Bankers to the Issue (1)(2) brokerage, underwriting and selling commission and bidding Charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs(3)(4)(5) | 1.52 |
| 3 | Fees payable to the Registrar to the Issue | 0.08 |
| 4 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 5.69 |
| 5 | Printing and stationery expenses | 1.78 |
| 6 | Advertising and marketing expenses | 1.87 |
| 7 | Fees payable to the legal counsel | 6.01 |
| 8 | Fees payable to the statutory auditors, industry service provider and independent chartered accountant | 4.18 |
| 9 | Miscellaneous | 1.83 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹360.00 | ₹360.00 |
| Open | ₹361.20 | ₹365.00 |
| Low | ₹361.20 | ₹365.00 |
| High | ₹397.30 | ₹401.50 |
| Last Trade | ₹397.30 | ₹401.50 |
Lead Manager Reports
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 Crores. The issue is priced at ₹360 per share. The minimum order quantity is 40.
The IPO opens on Wed, Feb 21, 2024, and closes on Fri, Feb 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 Wed, Feb 21, 2024 and closes on Fri, Feb 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 Tue, Feb 27, 2024. Check the Juniper Hotels IPO allotment status.
The Juniper Hotels IPO listing date is on Wed, Feb 28, 2024.
