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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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Juniper Hotels Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Juniper Hotels Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | February 21, 2024 to February 23, 2024 |
| Listing Date | February 28, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹342 to ₹360 per share |
| Lot Size | 40 Shares |
| Total Issue Size | 50,000,000 shares (aggregating up to ₹1,800.00 Cr) |
| Fresh Issue | 50,000,000 shares (aggregating up to ₹1,800.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 172,502,384 |
| Share holding post issue | 222,502,384 |
Juniper Hotels Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Wednesday, February 21, 2024 |
| IPO Close Date | Friday, February 23, 2024 |
| Basis of Allotment | Monday, February 26, 2024 |
| Initiation of Refunds | Tuesday, February 27, 2024 |
| Credit of Shares to Demat | Tuesday, February 27, 2024 |
| Listing Date | Wednesday, February 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 23, 2024 |
Juniper Hotels Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹14,400 |
| Retail (Max) | 13 | 520 | ₹187,200 |
| S-HNI (Min) | 14 | 560 | ₹201,600 |
| S-HNI (Max) | 69 | 2,760 | ₹993,600 |
| B-HNI (Min) | 70 | 2,800 | ₹1,008,000 |
Juniper Hotels Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 77.53% |
Competitive Strength:
- -
Juniper Hotels Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 3,837.83 | 337.43 | -26.50 | 859.67 | 2,252.75 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 3,020.27 | 717.29 | -1.50 | 354.51 | 2,045.61 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 3,069.86 | 343.76 | -188.03 | 356.37 | 2,121.81 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 3,055.54 | 192.85 | -199.49 | 543.90 | 1,830.48 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| RoNW | -0.42% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ||
| P/E (x) |
Objectives of Juniper Hotels IPO
The net proceeds of the Issue, i.e., gross proceeds of the Issue less the Issue related expenses are proposed to be utilized 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 CHHPL and CHPL.
- 2. General corporate purposes.
Juniper Hotels IPO Review
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 the medium to long term.
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Frequently asked Questions (FAQs )
-
What Is The Allotment Date Of The Juniper Hotels IPO?
The allotment date of Juniper Hotels IPO is February 26, 2024.
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What Is The Price Band Of The Juniper Hotels IPO?
The price band of the shares issued by the company is INR 342-360 per share.
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What Is The Size Of The Juniper Hotels IPO?
Juniper Hotels Limited consists of a fresh issue of shares worth INR 1800 crores. The company seeks funds to repay, prepay, or redeem loans, including those from recent acquisitions (CHPL, CHHPL), for general corporate use.
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What Is The Listing Date Of The Juniper Hotels IPO?
The listing date of the Juniper Hotels IPO is February 28, 2024.
