Juniper Hotels Limited IPO
MainboardHotels & Resorts
Listed On: Feb 28, 2024 at ₹ 365.0(NSE)
₹ 14400 /40 Shares
Check Allotment21 Feb, 2024
Open Date23 Feb, 2024
Close Date26 Feb, 2024
Allotment Date28 Feb, 2024
Listing DatePrice Summary
Last Closing
253.25 (-29.65%)52 Week High
372.0052 Week Low
220.80Last Update
18-Dec-2025 3:30 PMJuniper Hotels Limited IPO Issue Details
- Issue Price ₹342-360 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 5,00,00,000 shares(aggregating up to ₹1800 crore)
- Fresh Share 5,00,00,000 shares(aggregating up to ₹1800 crore)
- Listing at BSE, NSE
- List Price 365.0(NSE)
- Listing Date 2024-02-28
-
Lead Manager
Jm Financial Limited
Clsa India Private Limited
ICICI Securities Limited - Registrar Kfin Technologies Limited
Market Lot Size
Investors can bid for a minimum of 40 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 40 | ₹14,400 |
| Retail(max) | 13 | 520 | ₹1,87,200 |
| SHNI(min) | 14 | 560 | ₹2,01,600 |
| SHNI(max) | 69 | 2,760 | ₹9,93,600 |
| BHNI(min) | 70 | 2,800 | ₹10,08,000 |
Juniper Hotels Limited IPO Reservation
Juniper Hotels Limited IPO offers total 50,000,000 shares. Out of which 15,000,000 (30%) allocated to QIB, 7,500,000 (15%) allocated to NII,5,000,000 (10%) allocated to RII, NA (NA%) allocated to employees and 22,500,000 (45%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 22,500,000 (45%) | |
| QIB Shares Offered | 15,000,000 (30%) | |
| NII (HNI) Shares Offered | 7,500,000 (15%) | |
| bNII > ₹10L | 5,000,000 (10%) | |
| sNII < ₹10L | 2,500,000 (5%) | |
| Retail Shares Offered | 5,000,000 (10%) | |
| Total Shares Offered | 50,000,000 (100%) |
Juniper Hotels Limited IPO Details
Juniper Hotels Limited IPO is a book-built issue of ₹1800 crores, The total issue size is ₹1800 crores. The IPO of Juniper Hotels Limited is priced at ₹342-360 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Feb 21, 2024 and ends on Feb 23, 2024. The allotment for Juniper Hotels Limited IPO will be finalized on Feb 26, 2024. Juniper Hotels Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Feb 28, 2024. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.
Retail investors can bid for a minimum of 40 shares, extendable to 14,400. S-HNIs will be able to bid for 560 shares at ₹2,01,600, while B-HNIs can also apply for a bid of 2,800 shares at ₹10,08,000. The book-running lead manager for the IPO is/are Jm Financial Limited, Clsa India Private Limited, ICICI Securities Limited.
The total issue ₹1800 crore, comprising a fresh issue of 5,00,00,000 shares ₹1800 crore
The Juniper Hotels Limited IPO sets its price band at 342-360 for each share. A single application for Juniper Hotels Limited IPO must contain at least 40 shares. Sentiment investors need to invest a minimum of 40 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,400 In order to participate in the sNII, investors must purchase at least 14 lots of 560 shares for ₹2,01,600, while the bNII requires 70 lots of 2,800 shares for an investment of ₹10,08,000.
Read More
Juniper Hotels Limited IPO Subscription Analysis And Details
| As on | QIB | NII
bNII sNII |
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 15,000,000 |
7,500,000
5,000,000 2,500,000 |
5,000,000 | 27,500,000 |
|
Day 1
21-02-24 05:00 PM
|
0.00 x |
0.06
0.05 x 0.08 x |
0.52 x | 0.11 x |
|
Day 2
22-02-24 05:00 PM
|
0.06 x |
0.14
0.13 x 0.16 x |
0.87 x | 0.23 x |
|
Day 3
23-02-24 05:00 PM
|
2.96 x |
0.85
1.03 x 0.48 x |
1.28 x | 2.08 x |
Juniper Hotels Limited Valuations
Juniper Hotels Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 3,020.27 | 3,069.86 | 3,055.54 |
| Revenue | 717.29 | 343.76 | 192.85 |
| Profit After Tax | -1.50 | -188.03 | -199.49 |
| Net Worth | 354.51 | 356.37 | 543.90 |
| Reserves & Surplus | 210.81 | 212.67 | 400.20 |
| Total Borrowing | 2,045.61 | 2,121.81 | 1,830.48 |
About Juniper Hotels Limited Company
Juniper Hotels Limited is a luxury hotel development and ownership company. As of September 30, 2023, the company operates seven hotels and serviced apartments with a total of 1,836 rooms.
The company's hotels and serviced apartments in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi are landmarks in the luxury, upper upscale and upscale categories. Grand Hyatt Mumbai Hotel and Residences is India's largest luxury hotel, while Hyatt Regency Lucknow and Hyatt Regency Ahmedabad are the biggest upper upscale hotels in their respective markets. Finally, Hyatt Raipur is the only upper upscale hotel in Raipur.
Juniper Hotels is co-owned by Saraf Hotels Ltd and Two Seas Holdings Ltd, an affiliate of Hyatt Hotels Corporation, forming a strategic partnership between a hotel developer and an international hospitality company.
The company has been honored with several awards, including the Best Luxury Business Hotel in Delhi at the Today's Traveller Awards in 2022 for Andaz Delhi, and the Best 5 Star Hotel in Gujarat at the Gujarat Tourism Awards in 2022 for Hyatt Regency Ahmedabad.
The revenue from operations increased from ₹1,663.51M in Fiscal 2021 to ₹3,086.89M in Fiscal 2022 and ₹6,668.54M in Fiscal 2023.
As of Sep 30, 2023, the company has 116 serviced apartments in Grand Hyatt Mumbai and 129 serviced apartments in Hyatt Delhi.
As of September 30, 2023, the company had a total of 1,631 permanent employees. The CHPL Group had a total of 362 permanent employees. Together, they had a total of 1,993 employees.
Juniper Hotels Limited - Promoter(s)
Arun Kumar Saraf, & Saraf Hotels Limited
Two Seas Holdings Limited
Juniper Investments Limited.
Pre Issue Share Holding : 100%
Post Issue Share Holding : 77.53%
Juniper Hotels Limited IPO - Issue Objectives
Repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings availed by the Company and its recent acquisitions, namely CHPL and CHHPL
General corporate purposes.
Juniper Hotels Limited IPO - Anchor Investors
Juniper Hotels IPO: Institutional investors pick Rs 810 crore worth shares via anchor book.
Marquee investors including Fidelity Funds, Government Pension Fund Global, Camrignac Portfolio, The Prudential Assurance Company, HSBC Global Investment Funds, Nedgroup Investment Funds, Marshall Wace Investment Strategies, Natixis International Funds, Schroder International, GAM Multistock, Goldman Sachs, and Societe Generale participated in the anchor book.
Further, Kotak Mahindra Trustee, Tata Mutual Fund, Quant Mutual Fund, Ashoka Whiteoak ICAV, Baroda BNP Paribas Mutual Fund, ICICI Prudential Life Insurance Company, HDFC Life Insurance Company, Invesco India Equity Fund, Jupiter India Fund, Aditya Birla Sun Life Insurance Company, Bandhan Mutual Fund, Avendus, and Tata AIA Life Insurance, also, invested in the Hyatt hotel chain.
Juniper Hotels Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Juniper Hotels Limited | -0.1 | -0.1 | 24.67 | N/A | -0.42 | N/A | Consolidated |
| Chalet Hotels Ltd | 8.94 | 8.94 | 75.19 | 84.37 | 11.89 | N/A | Consolidated |
| Lemon Tree Hotels Ltd | 1.45 | 1.45 | 17.86 | 95.52 | 9.94 | N/A | Consolidated |
| The Indian Hotels Company Limited | 7.06 | 7.06 | 60.84 | 66.78 | 12.18 | N/A | Consolidated |
| Eih Ltd. | 5.03 | 5.03 | 55.52 | 58.71 | 9.48 | N/A | Consolidated |
Notes:
- P/E ratio has been computed based on the closing market price of equity shares on BSE on January 23, 2024, divided by the Diluted EPS for the year ended March 31, 2023.
- Net Asset Value per Equity Share (₹) = Net Worth at the end of the period/ year divided by the Weighted average number of Equity Shares outstanding during the period/ year.
- RoNW = Profit/ (loss) for the year divided by the Net Worth at the end of the period/ year.
Contact Details
Juniper Hotels Limited
Off Western Express Highway, Santacruz East, Mumbai 400 055
+ 91 22 6676 1000
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Juniper Hotels Limited IPO - FAQs
Ans. Juniper Hotels Limited IPO is a Mainboard IPO. The issue is priced at ₹342-360 per equity share. The minimum order quantity is 40 Shares. The IPO opens on Feb 21, 2024, and closes on Feb 23, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Juniper Hotels Limited IPO opens on Feb 21, 2024 and closes on Feb 23, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Juniper Hotels Limited IPO is 50,000,000 shares(aggregating up to ₹1,800.00 Cr).
Ans. The Juniper Hotels Limited IPO price band is set between ₹342-360 per equity share.
Ans. To apply for Juniper Hotels Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Juniper Hotels Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Juniper Hotels Limited IPO is Feb 26, 2024.
Ans. The Juniper Hotels Limited IPO will be listed on Feb 28, 2024.
Ans. Follow the steps to check the Juniper Hotels Limited IPO allotment status online.
