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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 Juniper Hotels IPO was finalized on Monday, February 26, 2024. The shares got listed on BSE, NSE on 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.
| IPO Date | February 21, 2024 to February 23, 2024 |
| Listing Date | February 28, 2024 |
| 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 offers 50,000,000 shares. 15,000,000 (30.00%) to QIB, 7,500,000 (15.00%) to NII, 5,000,000 (10.00%) to RII and 22,500,000 (45.00%) to Anchor investors. 125,000 RIIs will receive minimum 40 shares and 4,464 (sNII) and 8,928 (bNII) will receive minimum 560 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 22,500,000 (45.00%) | NA |
| QIB Shares Offered | 15,000,000 (30.00%) | NA |
| NII (HNI) Shares Offered | 7,500,000 (15.00%) | |
| bNII > ₹10L | 5,000,000 (10.00%) | 8,928 |
| sNII < ₹10L | 2,500,000 (5.00%) | 4,464 |
| Retail Shares Offered | 5,000,000 (10.00%) | 125,000 |
| Total Shares Offered | 50,000,000 (100%) |
Juniper Hotels IPO raises Rs 810.00 crore from anchor investors. Juniper Hotels IPO Anchor bid date is February 20, 2024. Juniper Hotels IPO Anchor Investors list
| Bid Date | February 20, 2024 |
| Shares Offered | 22,500,000 |
| Anchor Portion Size (In Cr.) | 810.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 27, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 26, 2024 |
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 |
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 | |||
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 | 77.53% |
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'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 | ||||
| KPI | Values |
|---|---|
| RoNW | -0.42% |
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.
[Dilip Davda] Well, though the financial performance so far has seen negative trends at PAT levels, it is the highest gross profit earning hospitality company with well-known global brand “Hyatt” as well as investor global partner. As the issue is at a negative P/E due to its loss making status at the net level, it is meant for well-informed investors to park funds for handsome rewards in medium to long term. Read detail review...
The Juniper Hotels IPO is subscribed 2.18 times on February 23, 2024 6:20:00 PM. The public issue subscribed 1.31 times in the retail category, 3.11 times in the QIB category, and 0.89 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 3.11 |
| NII | 0.89 |
| bNII (bids above ₹10L) | 1.08 |
| sNII (bids below ₹10L) | 0.50 |
| Retail | 1.31 |
| Total | 2.18 |
Total Application : 121,009 (0.97 times)
| Listing Date | February 28, 2024 |
| BSE Script Code | 544129 |
| NSE Symbol | JUNIPER |
| ISIN | INE696F01016 |
| Final Issue Price | ₹360 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹360.00 |
| ₹361.20 |
| ₹361.20 |
| ₹397.30 |
| ₹397.30 |
| NSE |
|---|
| ₹360.00 |
| ₹365.00 |
| ₹365.00 |
| ₹401.50 |
| ₹401.50 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: jhl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Juniper Hotels IPO is a main-board IPO of 50,000,000 equity shares of the face value of ₹10 aggregating up to ₹1,800.00 Crores. The issue is priced at ₹342 to ₹360 per share. The minimum order quantity is 40 Shares.
The IPO opens on February 21, 2024, and closes on February 23, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Juniper Hotels IPO using UPI as a payment gateway. Zerodha customers can apply in Juniper Hotels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Juniper Hotels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Juniper Hotels IPO opens on February 21, 2024 and closes on February 23, 2024.
Juniper Hotels IPO lot size is 40 Shares, and the minimum amount required is ₹14,400.
You can apply in Juniper Hotels IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Juniper Hotels IPO will be done on Monday, February 26, 2024, and the allotted shares will be credited to your demat account by Tuesday, February 27, 2024. Check the Juniper Hotels IPO allotment status.
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What a dream opportunity it was.
Congratulations to all my fellow holders who believed in themselves and applied here even though most told to avoid.
One final piece of advice for all - don't cap upside in terms of targets. These kind of investment opps (if decently allocated in PF) can take you months ahead in your journey. Don't listen to anyone giving arbitrary targets; sell when you feel the price has gone way beyond its fundamental support, and this can be different for each individual.
Also, if you have made decent money - please take out a part of it to help people in need.
Thanks!!