Juniper Hotels IPO GMP, IPO Price Band, IPO Lot Size

Juniper Hotels IPO is opening for subscription on February 21, 2024, and closing on February 23, 2024. This Main-board IPO aims to raise ₹1800 crore, with a 100% Fresh Issue, each with a face value of ₹10. The price band for the Juniper Hotels IPO is fixed at ₹342 – ₹360 Per Share, with a market lot of 40 Shares. The allocation for this IPO is as follows: 10% for retail investors, 75% for QIBs, and 15% for high-net-worth individuals (HNI). Juniper Hotels IPO Allotment will done on February 26, 2024, and Juniper Hotels IPO listing date is February 28, 2024.

 

Juniper Hotels Company Profile

Juniper Hotels is a prominent luxury hotel development and ownership company, boasting the largest ownership of “Hyatt” affiliated hotels in India as of June 30, 2023 (source: Horwath Report). With a portfolio of seven hotels and serviced apartments totaling 1,836 keys, Juniper Hotels benefits from a longstanding partnership between Saraf Hotels and Hyatt Hotels Corporation, spanning over 40 years.

As the only hotel development company in India with strategic investment from Hyatt, Juniper Hotels owns 20% of Hyatt group-affiliated hotel rooms in India as of June 30, 2023 (source: Horwath Report). They excel in identifying opportunities in hospitality destinations, developing high-end hotels, and actively managing assets to provide quality guest experiences efficiently.

The company has a continuous strategy of broadening its current ownership of top-notch hotels across India. This is achieved by adding more luxurious and high-end hotels and serviced apartments to its portfolio through consolidating investments of Saraf Hotels and its subsidiaries in India-registered companies that operate in the hospitality industry. Alternatively, the company creates new opportunities to reinforce its position as the flagship of the Saraf Group.

 

Juniper Hotels IPO GMP

 

Juniper Hotels IPO Objectives

The funds raised through the IPO will be utilized for:

1. Repayment/ prepayment/ redemption of certain outstanding borrowings availed by the company and its subsidiaries.
2. General corporate purposes.

 

Juniper Hotels IPO Key Details

• Juniper Hotels IPO Open Date: February 21, 2024
• Juniper Hotels IPO Close Date: February 23, 2024
• Juniper Hotels IPO Size: Approximately ₹1800 crores, Equity Shares
• Face Value: ₹10 Per Equity Share
• Juniper Hotels IPO Price Band: ₹342 – ₹360 Per Equity Share
• Juniper Hotels IPO Listing on: NSE & BSE
• Retail Quota: 10% of the net offer
• QIB Quota: 75% of the net offer
• HNI Quota: 15% of the net offer

 

Juniper Hotels IPO Timeline

• Juniper Hotels IPO Open Date: February 21, 2024
• Juniper Hotels IPO Close Date: February 23, 2024
• Basis of Allotment: February 26, 2024
• Refunds: February 27, 2024
• Credit to Demat Account: February 27, 2024
• Juniper Hotels IPO Listing Date: February 28, 2024

 

How to Apply for Juniper Hotels IPO

Investors can apply for the Juniper Hotels IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

Juniper Hotels Financial Performance (in Crores)

• Year 2021: Revenue ₹192.85, Expense ₹462.26, PAT ₹199.49
• Year 2022: Revenue ₹343.76, Expense ₹557.86, PAT ₹188.03
• Year 2023: Revenue ₹717.29, Expense ₹742.80, PAT ₹1.50
• Sep 2023: Revenue ₹337.43, Expense ₹389.97, PAT ₹26.50

 

Juniper Hotels Valuation FY2023

• Earning Per Share (EPS): -₹0.10 per Equity Share
• Price/Earning P/E Ratio: N/A
• Return on Net Worth (RoNW): –0.42%
• Net Asset Value (NAV): ₹24.67 per Equity Share

 

Juniper Hotels Peer Group

• Chalet Hotels Limited
• Lemon Tree Hotels Limited
• The Indian Hotels Company Limited
• EIH Limited

 

Juniper Hotels Company Promoters

• Arun Kumar Saraf

 

Juniper Hotels IPO Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Website: https://kosmic.kfintech.com/ipostatus/
Phone: 04067162222, 04079611000
Email: jhl.ipo@kfintech.com

 

Juniper Hotels IPO Allotment Status Check

• Check the Juniper Hotels IPO allotment status on the Kfin Technologies website.

 

Juniper Hotels IPO Allotment Link

• Check the Juniper Hotels IPO allotment on the ipogmp.org website.

 

Juniper Hotels IPO Lead Managers (Merchant Bankers)

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

 

Juniper Hotels Company Address

Off Western Express Highway,
Santacruz East
Mumbai,Maharashtra-400 055 India
Website: http://www.juniperhotels.com/
Phone: + 91 22 6676 1000
Email: complianceofficer@juniperhotels.com

 

Juniper Hotels IPO FAQs

 

What is Juniper Hotels IPO?

Juniper Hotels IPO is a Main-board IPO. They are going to raise ₹1800 crores via IPO. The issue is priced at ₹342 – ₹360 Per equity share. The IPO is to be listed on NSE & BSE.

 

When will the Juniper Hotels IPO open?

The IPO is to open on February 21, 2024, for NII, and Retail Investors.

 

What is Juniper Hotels IPO Investors Portion?

The investors’ portion for QIB is 75%, HNI is 15%, and Retail is 10%.

 

How to Apply for the Juniper Hotels IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply Juniper Hotels IPO through Zerodha?

For those using Zerodha, the application process involves logging into the Zerodha Console, selecting the IPO under the Portfolio section, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with Zerodha may be necessary for some applicants. Open Demat Account with Zerodha.

 

How to Apply the Juniper Hotels IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Juniper Hotels IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is Juniper Hotels IPO Size?

Juniper Hotels IPO size is ₹1800 crores.

 

What is Juniper Hotels IPO Price Band?

Juniper Hotels IPO Price Band is ₹342 – ₹360 Per equity share.

 

What is Juniper Hotels IPO Minimum and Maximum Lot Size?

The IPO bid is 40 Shares with ₹14,400.

 

What is Juniper Hotels IPO Allotment Date?

Juniper Hotels IPO allotment date is February 26, 2024.

 

What is Juniper Hotels IPO Listing Date?

Juniper Hotels IPO listing date is February 28, 2024. The IPO to list on NSE & BSE.