₹ 14400 / 40 shares

IPO Details

RHP/DRHP

Issue Date

21 Feb - 23 Feb'24

Investment/lot

₹ 14400

Price Range

342 - 360

Lot Size

40

IPO Size

₹ 1800.00 Cr

IPO Listing Details

Listing On

28 Feb'24

Issue Price

360

Listed Price

₹ 365

Retail Gain/Listing Gain

1.39%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

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All you need to know about Juniper Hotels Ltd IPO
Tune in to know more about the company, IPO issue details, future strategies, important financial details, its presence and reach, product/service portfolio, and much more with Kinjal Parekh!

Juniper Hotels is a luxury hotel development and ownership company and is the largest owner, by number of Keys of “Hyatt” affiliated hotels in India as of September 30, 2023 (source: Horwath Report).

The company has a portfolio of seven hotels and serviced apartments and operates a total of 1,836 keys as of September 30, 2023, established in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur and Hampi.

With that, let's take a look at the competitive strength and risk factors for Juniper Hotels Limited:

Expertise in site selection and identifying opportunities to develop hotels

The company has demonstrated a strong track record in establishing a presence across key cities. Within their strategy, the company has developed hotels at locations with high barriers to entry. For example, according to the Horwath Report, the land parcels for hotels of the scale of Grand Hyatt Mumbai Hotel and Residences and Andaz Delhi, are difficult to obtain and carry high costs and associated development risks. In turn, this limitation provides an added value benefit to established well-located hotels.

A unique partnership between asset owner and operator brand backed by strong parentage

The Saraf Group and Hyatt have had a longstanding relationship of over 40 years, dating back to the opening of the first Hyatt hotel in India, namely, Hyatt Regency, Delhi, in 1982. This continuing relationship has led both partners to have a deep understanding and alignment on the business goals, company values and working culture, which has contributed to high EBITDA margins.

Robust asset management capabilities with a focus on enhancing operating efficiency and profitability

The company has established specialised asset management teams with asset managers at each hotel. The company’s operations cluster enables it to review all revenue strategies implemented in driving business across the hotels, while the finance cluster gives the company the ability to analyse real-time financial and accounting MIS from a central location, giving the asset team a sharper insight into the cost structure, leading to better internal controls.
  • The company and certain of its subsidiaries have incurred losses in the past.
  • The company has substantial indebtedness which requires significant cash flows to service, and limits the company’s ability to operate freely.
  • The company is subject to several conditions and restrictions under its financing agreements.
  • Enhancement of facilities at existing assets.
  • Development of new opportunities at existing assets.
  • Explore value accretive acquisition of assets and selective expansion.

Here are the key financials for Juniper Hotels Limited:

Particulars (in Rs. million)

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How to apply for IPO through ASBA

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Kotak Securities

4m 01s

Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.

Here are the steps to apply for Juniper Hotels Ltd IPO:

Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.

Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.

Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.

Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.

Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

Top Juniper Hotels Ltd IPO IPO FAQs

Juniper Hotels Ltd IPO will list on 2024-02-28.

1800.00 is the issue size of Juniper Hotels Ltd IPO IPO.

The minimum lot size is 40 shares and the investment required is ₹14400.

The price band of Juniper Hotels Ltd IPO IPO is ₹342 to ₹360.

You can read more about Juniper Hotels Ltd IPO and its IPO from the company’s red herring prospectus (RHP) here.

The Juniper Hotels Limited IPO has an issue size of Rs. 1,800 crores. The IPO opens for subscription on 21st February 2024 and closes on 23rd February 2024.

KFin Technologies Limited is the registrar for this IPO.

You may read more about Juniper Hotels Limited and its IPO from the company’s red herring prospectus (RHP) here:

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