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 name | Juniper Hotels Limited |
| Sector | Hospitality |
| Industry | Hotel, Resort & Restaurants |
| Company Website | https://juniperhotels.com/ |
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 date | 21 February 2024 |
| IPO Closing | 23 February 2024 |
| Basis of Allotment | 26 February 2024 |
| Initiation Refund | 27 February 2024 |
| Credit to Demat Account | 27 February 2024 |
| Listing Date | 28 February 2024 |
Juniper Hotels IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹1,800 Cr – 50,000,000 shares |
| Fresh Issue | ₹1,800 Cr – 50,000,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹342 to ₹360 per share |
| Lot size | 40 Shares |
| Shareholding pre-issue | 172,502,384 |
| Shareholding post-issue | 222,502,384 |
| Listing Exchange | BSE & NSE |
Juniper Hotels 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 IPO Reservation Details
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Juniper Hotels Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 166.35 | 308.69 | 666.85 | 336.11 |
| Expenses | 462.26 | 557.86 | 742.81 | 383.97 |
| Net income | (199.49) | (188.03) | (1.50) | (26.50) |
| Margin (%) | (119.92) | (60.91) | (0.22) | (7.88) |
Juniper Hotels Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (13.88) | (13.08) | (0.10) |
| PE ratio | – | – | – |
| RONW (%) | (36.68) | (52.76) | (0.42) |
| NAV | 37.85 | 24.80 | 24.67 |
| ROCE (%) | (5.23) | (3.30) | – |
| EBITDA (%) | 11.51 | 29.52 | 44.94 |
| Debt/Equity | 1.72 | 1.93 | 0.86 |
Company Promoters
- Arun Kumar Saraf
- Saraf Hotels Limited
- Two Seas Holdings Limited
- Juniper Investments Limited.
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Juniper Hotels IPO Lead Manager(s)
- JM Financial Limited
- CLSA India Private Limited
- ICICI Securities Limited
Juniper Hotels Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: jhl.ipo@kfintech.com
Website: www.kfintech.com
Juniper Hotels Contact Details
JUNIPER HOTELS LIMITED
Off Western Express Highway,
Santacruz East, Mumbai 400 055, Maharashtra
Phone: +91 22 6676 1000
Email: complianceofficer@juniperhotels.com
Website: www.juniperhotels.com
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
