Juniper Hotels Limited IPO
- IPO Date21 Feb, 2024 to 23 Feb, 2024
- Listing Date28 Feb, 2024
- Face Value₹10 per share
- Issue Price₹342 to ₹360 per share
- Lot Size40 Shares
- Minimum Investment₹14,400
- Listing AtBSE, NSE
- Total Issue Size5,00,00,000 Shares
(aggregating up to ₹1800.00 Cr) - Fresh Issue5,00,00,000 Shares
(aggregating up to ₹1800.00 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue17,25,02,384
- Shareholding post issue22,25,02,384
IPO Dates
Closing Date
23 Feb, 2024
Initiation of Refunds
27 Feb, 2024
Listing Date
28 Feb, 2024
21 Feb, 2024
Opening Date
26 Feb, 2024
Basis of Allotment
27 Feb, 2024
Credit of Shares
Juniper Hotels Limited 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 |
|---|---|---|---|
| S-HNI (Max) | 69 | 2760 | ₹9,93,600 |
| Retail (Min) | 1 | 40 | ₹14,400 |
| B-HNI (Min) | 70 | 2800 | ₹10,08,000 |
| Retail (Max) | 13 | 520 | ₹1,87,200 |
| S-HNI (Min) | 14 | 560 | ₹2,01,600 |
Juniper Hotels Limited Promoter Holding
The Promoter of the company are Arun Kumar Saraf, & Saraf Hotels Limited, Two Seas Holdings Limited and Juniper Investments Limited.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 77.53% |
Juniper Hotels Limited COMPANY INFORMATION
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 bidding started from February 21, 2024 and ended 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.
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.
FAQs About Juniper Hotels Limited Ipo
Juniper Hotels Limited IPO will open on 21 Feb, 2024 and close on 23 Feb, 2024. Investors must apply within this period to participate.
The Juniper Hotels Limited IPO price band is set between ₹342.00 and ₹360.00 per share. The minimum lot size is 40, requiring an investment of at least ₹14400.00.
The Juniper Hotels Limited IPO shares are expected to be listed on 28 Feb, 2024, subject to regulatory approvals and final allotment.
You can track your Juniper Hotels Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Juniper Hotels Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.