The Juniper Hotels date has been confirmed from February 21, 2024 and closes on February 23, 2024.
Juniper Hotels Developers IPO is a fixed price issue of Rs 1,800.00 crores. The price bands are yet to be announced.
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Bidding Dates
Feb 21-23
Price Range
Coming Soon
Face Value
₹10 per share
GMP
₹0
Juniper Hotels IPO GMP
The Juniper Hotels IPO GMP is ₹0.
IPO Overview
Juniper Hotels’ IPO is a book-built issuance worth Rs 1,800.00 crore. This is a totally new issue. Juniper Hotels’ initial public offering (IPO) will be available for subscription on February 21, 2024 and close on February 23, 2024. The allotment for Juniper Hotels’ IPO is likely to be finalised on Monday, February 26, 2024. Juniper Hotels’ IPO will list on the BSE and NSE, with a tentative listing date of Wednesday, February 28, 2024. Juniper Hotels’ IPO price bands have yet to be disclosed.
Juniper Hotels IPO Details
| IPO Date | February 21, 2024 to February 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | [.] shares (aggregating up to ₹1,800.00 Cr) |
| Fresh Issue | [.] 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 |
Juniper Hotels Limited Financial Information
| 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 | ||||
Juniper Hotels IPO Timeline
| 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 |
Company Profile
Juniper Hotels Limited, founded in September 1985, is a premium hotel development and owning company. As of September 30, 2023, the corporation operated seven hotels and serviced flats, totaling 1,836 rooms. The company’s hotels and serviced flats in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi are renowned in the luxury, upper upmarket, and upscale categories. The Grand Hyatt Mumbai Hotel and Residences is India’s largest luxury hotel, and the Hyatt Regency Lucknow and Hyatt Regency Ahmedabad are the largest upper-upscale hotels in their
respective markets. Finally, the Hyatt Raipur is Raipur’s only top luxury hotel. Juniper Hotels is co-owned by Saraf Hotels Ltd and Two Seas Holdings Ltd, an affiliate of Hyatt Hotels Corporation, forging a strategic alliance between a hotel developer and an international hospitality firm. The company has received numerous accolades, including “Best Luxury Business Hotel in Delhi” at the Today’s Traveller Awards in 2022 for Andaz Delhi and “Best 5 Star Hotel in Gujarat” at the Gujarat Tourism Awards in 2022 for Hyatt Regency Ahmedabad.
Revenue from operations rose from ₹1,663.51M in Fiscal 2021 to ₹3,086.89M in Fiscal 2022, and ₹6,668.54M in Fiscal 2023. As of September 30, 2023, the company operated 116 serviced apartments in Grand Hyatt Mumbai and 129 in Hyatt Delhi. As of September 30, 2023, the company employed 1,631 permanent employees. The CHPL Group employed a total of 362 permanent employees. They had a total of 1,993 employees.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | jhl.ipo@kfintech.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Juniper Hotels Limited |
| Phone number | + 91 22 6676 1000 |
| Email ID | complianceofficer@juniperhotels.com |
| Website | juniperhotels.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
