Juniper Hotels IPO: Check IPO Date, Lot Size, Price & Details

Juniper Hotels IPO: Check IPO Date, Lot Size, Price & Details

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.

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: ๐Ÿ’ฐ โ‚น1,800.00 Crores (Entirely a fresh issue of 5 crore shares)
  • Type Of IPO: Book Built
  • Type: ๐Ÿ“š Fixed price issue
  • Subscription Period: ๐Ÿ—“๏ธ February 21, 2024, to February 23, 2024
  • Allotment Date: ๐Ÿ“… Expected on Monday, February 26, 2024
  • Listing Date: ๐Ÿ“ˆ Tentatively on BSE, NSE on Wednesday, February 28, 2024
  • Price Band: ๐Ÿ’น โ‚น342 to โ‚น360 per share
  • Minimum Lot Size: ๐Ÿ“Š 40 shares
  • Retail Investor Minimum Investment: ๐Ÿ’ต โ‚น14,400
  • sNII Minimum Lot Size Investment: ๐Ÿค 14 lots (560 shares), amounting to โ‚น201,600
  • bNII Minimum Lot Size Investment: ๐Ÿค 70 lots (2,800 shares), amounting to โ‚น1,008,000
IPO Date21-Feb-2024 to 23-Feb-2024
Issue Sizeโ‚น1,800.00 Crores (Entirely a fresh issue of 5 crore shares)
Lot Size40 shares
Price Rangeโ‚น342 to โ‚น360 per share
Issue Type100% book building
Cut-off time for UPI Mandate Confirmation23 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

ApplicationLotsSharesPrice
Retail(min)140โ‚น14,400
Retail (max)13520โ‚น187,200
s-HNI (min)14560โ‚น201,600
s-HNI (max)692,760โ‚น993,600
B-HNI (min)702,800โ‚น1,008,000

Important Dates

IPO opening dateWednesday, February 21, 2024
IPO closing dateFriday, February 23, 2024
Basis of allotmentMonday, February 26, 2024
Initiation of RefundsTuesday, February 27, 2024
Credit of Shares to DematTuesday, February 27, 2024
Listing DateWednesday, February 28, 2024

Financial Metrics

PeriodTotal AssetsTotal RevenueProfit After Tax
31 Sep 23(half year)3,837.83337.43-26.50
31 Mar 233,020.27717.29-1.50
31 Mar 223,069.86343.76-188.03
31 Mar 213,055.54192.85-199.49
amount in Crores (โ‚น)

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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