16-Feb-2024
2 mins read
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Juniper Hotels Limited IPO 2024 is open for subscription from Wednesday, February 21, 2024 and will close on Friday, February 23, 2024. The price band for this IPO is decided at Rs 342 to Rs 360 per share. The minimum lot size of this application for the retail category has 40 shares. The minimum lot size for small non-institutional investors is 14 lots consisting of 560 shares. Whereas, the minimum lot for big non-institutional investors is 70 lots consisting of 2800 shares. The minimum amount of investment required for retail category investors is Rs 14,400 (360 x 40 shares). However, for small non-institutional investors the minimum investment amount is required Rs 2,01,600 ( 360 x 560 shares) and for big non-institutional investors is Rs 10,08,000 (360 x 2800 shares). Juniper Hotels Limited IPO 2024 is a book-built issue of Rs 1800 crores. The issue is entirely a fresh issue of 5 crore shares. The allotment for this IPO is expected to be finalized on Monday, February 26, 2024. Juniper Hotels Limited IPO will list on both BSE, NSE and listing date fixed on wednesday, February 28, 2024. The book running lead managers of Juniper Hotels Limited are Jm Financial Limited, CLSA India Private Limited and ICICI Securities Limited. The registrar for this IPO is Kfin Technologies Limited.
About Juniper Hotels Limited
Juniper Hotels Limited incorporated in September 1985, It is a luxury hotel development and ownership company. The Hotels and serviced apartments in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, Hampi are landmark in the luxury, upper scale and upscale categories. Grand Hyatt Mumbai Hotel and Residence is India’s one of the most luxurious Hotel. Hyatt Regency Lucknow and Hyatt Regency Ahmedabad are the biggest upper upscale hotels in their respective markets. Juniper Hotels is co-owned by Saraf Hotels Limited and Two Seas Holdings Limited, an affiliate of Hyatt Hotels Corporation forming a strategic partnership between hotel developer and international hospitality company. As of September 2023, the company operates seven hotels and services with a total of 1,836 rooms. Juniper is honored with several awards including the Best Luxury Hotel in Delhi, and Best 5 star hotel in Gujarat. As per record, in September 2023, the company had a total 1,613 permanent employees.
Objectives of the Issue
After deducting the issue related expenses and the net proceeds will be utilized for repayment, prepayment of the certain outstanding borrowing availed by the company. Other than this, the funds will also be used for the General corporate purposes.
Financial Performance of Juniper Hotels Limited
Between the financial year ending with March 31, 2023 and March 31, 2022. Company’s revenue increased by 108.66% and profit after tax increased by 99.2%.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 3,837.83 | 3,020.27 | 3,069.86 | 3,055.54 |
| Revenue | 337.43 | 717.29 | 343.76 | 192.85 |
| Profit After Tax | -26.5 | -1.5 | -188.03 | -199.49 |
| Net Worth | 859.67 | 354.51 | 356.37 | 543.9 |
| Reserves and Surplus | 687.17 | 210.81 | 212.67 | 400.2 |
| Total Borrowing | 2,252.75 | 2,045.61 | 2,121.81 | 1,830.48 |
| Amt in Rs. crore |
Other Important Details of Juniper Hotels Limited IPO
| IPO Date | February 21, 2024 to February 23, 2024 |
| Listing Date | 28-Feb-24 |
| Face Value | Rs 10 per share |
| Price Band | Rs 342 to Rs 360 per share |
| Lot Size | 40 Shares |
| Total Issue Size | 50,000,000 shares (amounting to Rs 1,800.00 Crore) |
| Fresh Issue | 50,000,000 shares (amounting to Rs 1,800.00 Crore) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 172,502,384 |
| Shareholding post issue | 222,502,384 |
Lot Size of Juniper Hotels Limited IPO
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 40 | Rs 14,400 |
| Retail (Max) | 13 | 520 | Rs 187,200 |
| S-HNI (Min) | 14 | 560 | Rs 201,600 |
| S-HNI (Max) | 69 | 2,760 | Rs 993,600 |
| B-HNI (Min) | 70 | 2,800 | Rs 1,008,000 |
IPO Reservation of Juniper Hotels Limited
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Promoters and Shareholdings of Juniper Hotels Limited
The promoters of the company are Arun Kumar Saraf, & Saraf Hotels Limited, Two Seas Holdings Limited and Juniper Investments Limited.
| Shareholding Pre Issue | 100.00% |
| Shareholding Post Issue |
Time-Table of Juniper Hotels Limited IPO 2024
| 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 |
Lead Manager(s) of Juniper Hotels Limited IPO 2024
The book running lead managers for Juniper Hotels Limited IPO are Jm Financial Limited, CLSA India Private Limited and ICICI Securities Limited.
How to Apply for Juniper Hotels Limited IPO 2024
Wait for the public issue to open for subscription, then click here to apply for the Juniper Hotels Limited IPO with Bigul.
How to Check Allotment Status of Juniper Hotels Limited IPO 2024
The registrar for Juniper Hotels Limited IPO is Kfin Technologies Limited. To check your allotment status, please click here.
FAQs
- What is Juniper Hotels Limited IPO 2024?
Juniper Hotels Limited IPO 2024 is a book-built issue of Rs 1800 crores. The issue is entirely a fresh issue of 5 crore shares. The price band for this IPO is decided at Rs 342 to Rs 360 per share. The minimum amount of investment required for retail category investors is Rs 14,400.
- Who are the lead managers for the Juniper Hotels Limited IPO 2024?
Jm Financial Limited, CLSA India Private Limited and ICICI Securities Limited are appointed as the lead managers for the IPO.
- What is the role of Kfin Technologies Limited in this IPO?
Kfin Technologies Limited is the registrar for the Juniper Hotels Limited handling the IPO’s administrative aspects.
- How can I apply for the Juniper Hotels Limited IPO 2024?
The public subscription of this IPO will begin soon. Visit Bigul website for the application process.
- How will the net proceeds from the IPO be utilized?
After deducting the issue related expenses and the net proceeds will be utilized for repayment, prepayment of the certain outstanding borrowing availed by the company. Other than this, the funds will also be used for the General corporate purposes.
- How can I check the allotment status of the IPO?
You can check the allotment status of the Juniper Hotels Limited IPO 2024 by clicking here
- What is the financial performance of Juniper Hotels Limited?
Between the financial year ending with March 31, 2023 and March 31, 2022. Company’s revenue increased by 108.66% and profit after tax increased by 99.2%.