Juniper Hotels Limited IPO Message Board (Page 9)

Learnt that "Juniper" is kind of tree that remains evergreen.The juniper represents strength, wisdom, usefulness and beauty. The strength of the junipers tree is seen in it's capacity to survive in harsh conditions. Do you think IPO will be able to prove credentials matching its title?

​@newgen consultancy Is this last mainboard ipo for Feb month?

Not at all
As per Sources 2-3 more

Thanks

Ullu digital files drhp BSE SmE
Biggest SME as of Now
Issue size between 135cr to 150 cr
Fully Fresh issue 62.6 Lac shares

Juniper Hotels ( Final )

Issue Size : 1800 cr
Price Band : 342-360
Lot Size : 40 Shares
M.cap Post-issue : 8010 cr

Lots :
Retail - 125000
SHNI - 4464
BHNI - 8929

Promoter Holding Post-issue :
100%➡️ 77.5%

Our Price Band Estate :
260

Very Exhorbitant PricingSeems An Avoid At 1st Cut

​@newgen consultancy 👍 
Further, if listing gains is not a sole purpose of applying for an ipo, sometimes aggressive pricing especially for a full fresh issue is also a good thing bcoz there will be significant debt reduction with less equity dilution.
this ipo has 3 things in its favor
1. Hyatt brand
2. Only fresh issue
3. Debt reduction

They are selling it at 5 star price.
Everyone can't afford it.

Another Enterno healthcare coming as a hotel stock with bit high QIBs 😆

Points to consider :
1. As per @newgen consultancy Sir's calculations, valuations are quite high.

2. Only positive is Hayatt group backed so may be little bit good anchors. But won't make a sail through, I guess as issue size is quite high and brand value is not as good as Park hotels.

3. Small retail portions. But selling of 15-20% on first day (retail+HNIs) will make it difficult to bet.

1. Debt on this company is more than its entire revenue for the last 3.5 years. That is not a good indication.
2. Loss was reducing since FY 21 but for FY 24, it has again increased (considering first half).

Let's see how they price it.

1. Check any of the hotel stock (barring Indian hotels and park hotel). You will find borrowing to be more than revenue in all the cases.. The industry works on that basis, given it is capital intensive industry..

Important parameter is to check the free cash flows and ofcourse occupancy rate.

- 22-23 Massive improvement in free cash flows as well as 1st half of FY 23-24.

- Occupancy rate is close to 75% while industry expected avg is around 70% (as per ICRA)

- Park Hotel ofcourse had higher occupancy rate at 91%..

2. The company has acquired acquired a new Subsidiary in september 23, so there borrowings is also added to FY 24.

Further, 1500 crores out of 1800 crores will be used for repayment of borrowings which will leave the Company only with 750 crore borrowings.. @newgen consultancy has covered it well in his post about the same.. 👏👏

They are a very good Hotel.. check out the reviews of all the hotels managed by the Company.. All are 4.3 stars and above after 3 thousand to 27 thousand reviews..

If the valuation is decent.. It may lead to a good earnings for everyone..

Another darling hotel stock. If price is right, I'll go FF.

Very poorly managed company, even though it runs few Hyatt brands. Loss making and high on debt. AVOID

​@antarix, expensive but can give some gains. Need to see if it's worth it though. I will buy for sure but through IPO or after, can't say now.

@ujjalywan ji aapne shareholder category ki liyu one share buy kr liya tha kya??

Shreenathji ji aapko buy nhi krna tha ye only ujiwaliyan ji ki liyi h

Dono ek hi hai

How is it related to Hyatt...?

Hyatt owns 50% in this company
It's a JV Of 50-50 between Hyatt Holdings And Saraf Family

Thanx

Let's Try Calculating Ideal Price Band :

Valuing This Company is A Tough Task , My Method Is A Bit Out of The Box..

Rev FY23 : 670 cr
Loss : 2 cr

Expected FY 24 Financials :
Revenue - 750 cr
Loss - 20 cr

Total Debt-2250 cr
Repayment of 1500 cr
Avg.Interest Rate 9.5%
Annual Saving : 140 cr*

Expected FY25 Earnings :
Rev - 950 cr
PAT - 180 cr

Giving It A 35 Multiple
M.cap Comes at 6300 cr

So Price Band Comes At Around
6300-1800
4500÷No.of shares outstanding

= 260

Valuing Company At 6300 cr
A PE of 35 on FY25Fe

260 is an ideal PB

Interest saving will be 170cr and not 140 cr.
I know you did an approximation, but this 30 cr difference, brings your ideal price from 260 to 320.
Add to that future merger of hyatt hotels from asian hotels east, growing demand, entry barrier, luxury segment, hyatt brand name (and investment), then price looks not so expensive (still not cheap)

Personal observation. Not an advise.
Gol maal hai Bhai sab gol maal hai.
All loss making hotels so many listed. So many merger demerger loss bankruptsy acquisition.
Robust Hotels
Asian Hotel East
Asian Hotel West
Asian Hotel North
Chartered Hotel
Inter party promoter list is even longer.
Yans Enterprises HK
Fineline HoldingsAsian Holdings Pvt Ltd
JC FLOWERS ASSET RECONSTRUCTION
Lucky Holding
Angel Expanders
GEG Investors
Indistock
Exclusive Capital
Manu Vyapar
Showan investment
Adhuni dealcom
Exclusive Motors
Asian Agro
And many many other Sarafs and non Sarafs

Kuch clarity hi nahi paisa kaha se ata hai kaha jata hai.

Only one party benefits that is the person with knowledge of kab kharidna hai kab bechna hai kab ghata karna hai kab profit karna hai kab bankrupt hona hai, kon khardega, kon invest karega, kon divest karega.

All in all no retail investor will make money till promoter wishes.

I am afraid of such interlinked promoter groups and shady transaction. Pata nahi kab kon inquiry khole

Debt is a bit worrying. Let’s wait for Price

already so many listed Hayat hotels available very low rate those even in profit so flop ipo if pries not good

Another retail 10 percent..