Juniper Hotels Limited IPO

Juniper Hotels Ltd. (JHL) is a luxury hotel development and ownership company and is the largest owner, by number of Keys of "Hyatt" affiliated hotels in India as of September 30, 2023. It has a portfolio of seven hotels and serviced apartments and operates a total of 1,836 keys as of September 30, 2023. JHL benefits from a unique and longstanding partnership of over 40 years between Saraf Hotels, a hotel developer with a strong and well established track record in India and affiliates of a globally recognized premier hospitality brand, Hyatt Hotels Corporation. JHL is the only hotel development company in India with which Hyatt has a strategic investment. It owns 19.6% of Hyatt group affiliated hotel rooms and apartments in India as on September 30, 2023 and has extensive experience in identifying opportunities in hospitality destinations, developing high-end hotels in these locations and nurturing them through active asset management.

The company is also focused on providing quality guest experience, while operating its assets efficiently. Juniper Hotels IPO is a book built issue of Rs 1,800.00 crores. The issue is entirely a fresh issue of 5 crore shares. Juniper Hotels IPO price band is set at ₹342 to ₹360 per share. The minimum lot size for an application is 40 Shares. Jm Financial Limited, Clsa India Private Limited and ICICI Securities Limited are the book running lead managers of the Juniper Hotels IPO, while Kfin Technologies Limited is the registrar for the issue.