Juniper Hotels IPO is a book built issue of Rs 1,800.00 crores. The issue is entirely a fresh issue of 5 crore shares.
Juniper Hotels IPO opens for subscription on February 21, 2024 and closes on February 23, 2024. The allotment for the Juniper Hotels IPO is expected to be finalized on Monday, February 26, 2024. Juniper Hotels IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, February 28, 2024.
Juniper Hotels IPO price band is set at ₹342 to ₹360 per share. The minimum lot size for an application is 40 Shares. The minimum amount of investment required by retail investors is ₹14,400. The minimum lot size investment for sNII is 14 lots (560 shares), amounting to ₹201,600, and for bNII, it is 70 lots (2,800 shares), amounting to ₹1,008,000.
Jm Financial Limited, Clsa India Private Limited and ICICI Securities Limited are the book running lead managers of the Juniper Hotels IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Juniper Hotels IPO RHP for detailed information.
Juniper Hotels IPO Details
| IPO Date | February 21, 2024 to February 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹342 to ₹360 per share |
| Lot Size | 40 Shares |
| Total Issue Size | 50,000,000 shares (aggregating up to ₹1,800.00 Cr) |
| Fresh Issue | 50,000,000 shares (aggregating up to ₹1,800.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 172,502,384 |
| Share holding post issue | 222,502,384 |
Juniper Hotels IPO Reservation
| 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 |
Juniper Hotels IPO Timeline (Tentative Schedule)
Juniper Hotels IPO opens on February 21, 2024, and closes on February 23, 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 |
Juniper Hotels IPO Lot Size
Investors can bid for a minimum of 40 shares and in multiples thereof. The below 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 | ₹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 |
| Lot Size Calculator | |||
Juniper Hotels IPO Promoter Holding
The Promoter of the company are Arun Kumar Saraf, & Saraf Hotels Limited, Two Seas Holdings Limited and Juniper Investments Limited.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
About Juniper Hotels Limited
Incorporated in September 1985, 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 Financial Information (Restated Consolidated)
Juniper Hotels Limited’s revenue increased by 108.66% and profit after tax (PAT) rose by 99.2% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| 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 | -26.50 | -1.50 | -188.03 | -199.49 |
| Net Worth | 859.67 | 354.51 | 356.37 | 543.90 |
| Reserves and Surplus | 687.17 | 210.81 | 212.67 | 400.20 |
| Total Borrowing | 2,252.75 | 2,045.61 | 2,121.81 | 1,830.48 |
| Amount in ₹ Crore | ||||
Key Performance Indicator
| KPI | Values |
|---|---|
| RoNW | -0.42% |
Check Juniper Hotels IPO Peer Comparison here.
Objects of the Issue (Juniper Hotels IPO Objectives)
The net proceeds of the Issue, i.e., gross proceeds of the Issue less the Issue related expenses are proposed to be utilised in the following manner:
1. 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
2. General corporate purposes.Juniper Hotels Limited Contact Details
Juniper Hotels Limited
Off Western Express Highway
Santacruz East,
Mumbai 400 055,
Phone: + 91 22 6676 1000
Email: complianceofficer@juniperhotels.com
Website: http://www.juniperhotels.com/
Juniper Hotels IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: jhl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/