Juniper Hotels IPO

Juniper Hotels IPO will open for subscription on 21 February 2024. The company aims for an issue size of ₹1,800 Cr through this IPO.

Company Overview

Full nameJuniper Hotels Limited
IndustryHotel, Resort & Restaurants
Company Website

About Company

Juniper Hotels is a luxury hotel development and ownership company. Juniper Hotels is co-owned by Saraf Hotels Limited and Two Seas Holdings Limited, an affiliate of the prominent global hospitality entity, Hyatt Hotels Corporation. The partnership is unique as Hyatt owns 50% of Juniper Hotels through Two Seas Holdings. It functions as a luxury hotel development and ownership enterprise and owns 1,836 “Hyatt” affiliated hotel keys in India as of 30 September 2023. The company manages a diverse portfolio consisting of seven hotels and serviced apartments.

The company’s hotels and serviced apartments are situated across the luxury, upper upscale, and upscale categories in various geographies. Additionally, Grand Hyatt Mumbai Hotel and Residences holds the distinction of being the largest hotel in India. As of 30 September 2023, the company employed a total of 1,631 permanent employees, while Chartered Hotels Private Limited had a total of 362 employees.

The Objectives of the Issue

  • 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
  • General corporate purposes.

Juniper Hotels IPO Timetable

IPO Opening date21 February 2024
IPO Closing23 February 2024
Basis of Allotment26 February 2024
Initiation Refund27 February 2024
Credit to Demat Account27 February 2024
Listing Date28 February 2024
(Cut-off time for UPI mandate confirmation – 5 PM on February 23, 2024)

Juniper Hotels IPO details

Issue typeBook Built Issue IPO
IPO issue size₹1,800 Cr – 50,000,000 shares
Fresh Issue₹1,800 Cr – 50,000,000 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹342 to ₹360 per share
Lot size40 Shares
Shareholding pre-issue172,502,384
Shareholding post-issue222,502,384
Listing ExchangeBSE & NSE

Juniper Hotels IPO Lot Size

Retail (Min)140₹14,400
Retail (Max)13520₹187,200
S-HNI (Min)14560₹201,600
S-HNI (Max)692,760₹993,600
B-HNI (Min)702,800₹1,008,000

Juniper Hotels IPO Reservation Details

QIB Shares Offered75%
NII (HNI) Shares Offered15%
Retail Shares Offered10%

Juniper Hotels Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income(199.49)(188.03)(1.50)(26.50)
Margin (%)(119.92)(60.91)(0.22)(7.88)
(Amount in ₹ Crores)

Juniper Hotels Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio
RONW (%)(36.68)(52.76)(0.42)
ROCE (%)(5.23)(3.30)
EBITDA (%)11.5129.5244.94

Company Promoters

  • Arun Kumar Saraf
  • Saraf Hotels Limited
  • Two Seas Holdings Limited
  • Juniper Investments Limited.

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

Juniper Hotels IPO Lead Manager(s)

  • JM Financial Limited
  • CLSA India Private Limited
  • ICICI Securities Limited

Juniper Hotels Registrar

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222

Juniper Hotels Contact Details

Off Western Express Highway,
Santacruz East, Mumbai 400 055, Maharashtra
Phone: +91 22 6676 1000

Juniper Hotels IPO Allotment Status

Juniper Hotels IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.

Final thoughts

Juniper Hotels IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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