Juniper Hotels Ltd

Hotels & Restaurants

Offer Period :

21st to 2nd Feb 2024

Established in 1985, Juniper Hotels Ltd, co-owned by Saraf Hotels and Two Seas Holdings (affiliated with Hyatt), owns and operates seven luxury hotels in India. Notably, Grand Hyatt Mumbai is the largest luxury hotel. Revenue soared from ₹1,663.51M in 2021 to ₹6,668.54M in 2023.  Read more... Awards include "Best Luxury Business Hotel in Delhi" and "Best 5 Star Hotel in Gujarat." With 1,631 permanent employees, the company forms a strategic partnership in the hospitality sector.Read less

Juniper Hotels Ltd IPO Details

IPO Date 21st to 2nd Feb 2024 Minimum Investment ₹14400 / 1 Lots
Listing Date 2024-02-28 Maximum Investment ₹187200 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹1800 Crores
Price ₹360 to ₹360 per share Fresh Issue ₹1800 Crores
Lot Size 1 Lots (40 Shares) Offer For Sale ₹ 0
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 21st to 2nd Feb 2024
Listing Date 2024-02-28
Face Value ₹10 per share
Price ₹360 to ₹360 per share
Lot Size 1 Lots (40 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹14400 / 1 Lots
Maximum Investment ₹187200 / 13 Lots
Total Issue Size ₹1800 Crores
Fresh Issue ₹1800 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

21st Feb

IPO Starts

23rd Feb

IPO Ends

26th Feb

Allotment Date

27th Feb

Initiation of Refund

27th Feb

Credit of Shares to Demat Account

28th Feb

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 100 0
Public Group 0 100

Juniper Hotels Ltd IPO Reservation

QIB Shares Offered 15000000(30%)
NII (HNI) Shares Offered 7500000(15%)
Retail Shares Offered 5000000(10%)
Anchor Investor Shares Offered 22500000(45%)
Total Shares Offered 50000000
Total Shares With Anchor Investor 50000000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Juniper Hotels Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222/1800 309 4001
Email Id jhl.ipo@kfintech.com
Our Website www.kfintech.com

Juniper Hotels Ltd IPO Lead Manager

1. JM Financial Ltd

2. CLSA Indiaa Pvt Ltd

3. ICICI Securities Ltd

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Juniper Hotels Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Juniper Hotels Ltd

1. Expertise in site selection and identifying opportunities to develop its hotels;

2. Unique partnership between asset owner and operator brand backed by strong parentage;

3. Robust asset management capabilities with a focus on enhancing operating efficiency and profitability;

4. Increasing returns by having multiple revenue streams and complementary offerings;

5. Well positioned to benefit from industry trends;

6. Experienced and qualified board and management team.

Risks Involved

1. The Company and certain of its Subsidiaries have incurred losses in the past.

2. The company has substantial indebtedness which requires significant cash flows to service, and limits its ability to operate freely.

3. The company is subject to a number of conditions and restrictions under its financing agreements. Any breach of the terms under its financing arrangements or its inability to meet the company obligations, including financial and other covenants under its financing arrangements could adversely affect its business and financial condition.

4. Its recently acquired entity, CHPL, which is now the company wholly owned subsidiary, has witnessed delays in repayment of loans in the past and has accordingly undertaken strategic debt restructuring. Any inability of CHPL to meet the terms of restructuring could adversely affect its business, financial condition, cash flows and results of operations.

5. A significant portion of its revenue from operations (90.48% in the six months ended September 30, 2023) is derived from three hotels/serviced apartments in Mumbai (Maharashtra) and New Delhi out of the portfolio of four hotels/serviced apartments of the Company, and any adverse developments affecting these hotels/serviced apartments or the regions in which they operate, could have an adverse effect on its business, results of operation, cash flows and financial condition.

6. The company has witnessed negative operating cash flows in the past, and it is possible that its may experience negative cash flows in the future.

7. Several expenses incurred in its operations are relatively fixed in nature, and the company's inability to effectively manage such expenses may have an adverse effect on its business, results of operations, cash flows and financial condition.

8. All its hotels and serviced apartments are currently operating under the Hyatt brands, on a non-exclusive basis. The company has entered into long term agreements with certain Hyatt entities for the operations and management of its hotels and usage of brands owned by Hyatt International Corporation. If these agreements are terminated or not renewed, its business, results of operations, cash flows and financial condition may be adversely affected.

9. The equity valuation of the Company based on the Issue Price may be higher than the equity valuation ascribed to the Company prior to the Issue at the time of acquiring CHPL from its Corporate Promoters.

10. The determination of the Price Band is based on various factors and assumptions and the Issue Price, market capitalization to total income ratio, the market capitalization to tangible assets ratio and the enterprise value ("EV") to EBITDA ratio, may not be indicative of the market price of the Equity Shares on listing or thereafter.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 3020.27 3069.86 3055.54
Total Liabilities 3020.27 3069.86 3055.54
Total Expenses 742.81 557.85 462.26
Total Revenue 
717.29 343.76 192.85
Profit After Tax -1.5 -188.03 -199.49
EBITDA 322.36 101.47 22.2
Adjusted EBITDA 0 0 0

Juniper Hotels Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-02-28 544129 JUNIPER
INE696F01016
₹360 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹360 ₹360
Open ₹361.2 ₹365
Low ₹361.2 ₹365
High ₹397.3 ₹401.5
Low ₹361.2 ₹365

Frequently Asked Questions

What is Juniper Hotels Ltd IPO?

Answer Field

Juniper Hotels Ltd IPO is a Mainboard IPO of 5,00,00,000 equity shares of a face value of ₹10 aggregating up to ₹1800 Crores. The issue is priced at ₹360 to ₹360 per share. The minimum order quantity is 40 Shares. The IPO opens on February 21, 2024, and closes on February 23, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Juniper Hotels Ltd IPO will open?

Answer Field

The Juniper Hotels Ltd IPO opens on February 21, 2024 and closes on February 23, 2024.

What is the lot size of Juniper Hotels Ltd?

Answer Field

Juniper Hotels Ltd lot size is 40 shares, and the minimum amount required is ₹14,400.

How to apply for Juniper Hotels Ltd IPO?

Answer Field

You can apply in Juniper Hotels Ltd IPO online using either UPI or ASBA as 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Juniper Hotels Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Juniper Hotels Ltd IPO will be done on February 26, 2024, and the allotted shares will be credited to your demat account by February 27, 2024.

When is Juniper Hotels Ltd IPO listing date?

Answer Field

The Juniper Hotels Ltd listing date is February 28, 2024.

Who is the registrar of Juniper Hotels Ltd IPO?

Answer Field

The registrar of Juniper Hotels Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

JM Financial Ltd,CLSA Indiaa Pvt Ltd,ICICI Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Juniper Hotels Ltd IPO?

Answer Field

The fresh issue size is ₹1800 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Juniper Hotels Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 40 shares and ₹14,400 amount.

How can I approve the UPI mandate request for Juniper Hotels Ltd IPO?

Answer Field

To apply for Juniper Hotels Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Juniper Hotels Ltd?

Answer Field

The price of each Juniper Hotels Ltd share will be ranging in between ₹360 to ₹360 per share.

What is the cut-off time for the UPI mandate for Juniper Hotels Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, February 23, 2024.

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