This article delves into comprehensive details regarding the Juniper Hotels IPO: including the IPO date, lot size, price, and more. We’ll delve into the company’s financial metrics, past performance, and conduct a thorough analysis to gauge potential future growth. Ultimately, we’ll offer our insight on whether it’s advisable to consider applying for the IPO.
Table of Contents
Company Details
Established in September 1985, Juniper Hotels Limited is a prominent player in luxury hotel development and ownership. Operating seven properties across Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi, it offers a total of 1,836 rooms.
Noteworthy among these are landmarks such as Grand Hyatt Mumbai Hotel and Residences, the largest luxury hotel in India, and Hyatt Regency Lucknow and Hyatt Regency Ahmedabad, the largest upper upscale hotels in their respective markets.
Juniper Hotels is a collaborative effort between Saraf Hotels Ltd and Two Seas Holdings Ltd, a Hyatt Hotels Corporation affiliate, creating a powerful synergy between local expertise and global hospitality standards.
The company’s excellence has been recognized with prestigious awards, including the “Best Luxury Business Hotel in Delhi” and the “Best 5 Star Hotel in Gujarat” in 2022.
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IPO Details
- Issue Size: 💰 ₹1,800.00 Crores (Entirely a fresh issue of 5 crore shares)
- Type Of IPO: Book Built
- Type: 📚 Fixed price issue
- Subscription Period: 🗓️ February 21, 2024, to February 23, 2024
- Allotment Date: 📅 Expected on Monday, February 26, 2024
- Listing Date: 📈 Tentatively on BSE, NSE on Wednesday, February 28, 2024
- Price Band: 💹 ₹342 to ₹360 per share
- Minimum Lot Size: 📊 40 shares
- Retail Investor Minimum Investment: 💵 ₹14,400
- sNII Minimum Lot Size Investment: 🤝 14 lots (560 shares), amounting to ₹201,600
- bNII Minimum Lot Size Investment: 🤝 70 lots (2,800 shares), amounting to ₹1,008,000
| IPO Date | 21-Feb-2024 to 23-Feb-2024 |
| Issue Size | ₹1,800.00 Crores (Entirely a fresh issue of 5 crore shares) |
| Lot Size | 40 shares |
| Price Range | ₹342 to ₹360 per share |
| Issue Type | 100% book building |
| Cut-off time for UPI Mandate Confirmation | 23 Feb 2024 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. |
Lot Size
| Application | Lots | Shares | Price |
|---|---|---|---|
| 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 |
Important Dates
| IPO opening date | Wednesday, February 21, 2024 |
| IPO closing 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 |
Financial Metrics
| Period | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31 Sep 23(half year) | 3,837.83 | 337.43 | -26.50 |
| 31 Mar 23 | 3,020.27 | 717.29 | -1.50 |
| 31 Mar 22 | 3,069.86 | 343.76 | -188.03 |
| 31 Mar 21 | 3,055.54 | 192.85 | -199.49 |
Apply Or Avoid
Avoid. The company has not shown any profit in past three years so you should not apply for the IPO.
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