Juniper Hotels is set to go public with its IPO scheduled to hit the market on February 21, 2024 and close on February 23, 2024. The IPO aims to raise around ₹1800 crores through a combination of a fresh issue of ₹1800 crores and an offer for sale of up to [.] equity shares of ₹10 each. The IPO allocation includes a 10% quota for retail investors, 75% for Qualified Institutional Buyers (QIB), and 15% for High Net Worth Individuals (HNI).
Juniper Hotels is a prominent luxury hotel development and ownership company, holding the largest number of “Hyatt” affiliated hotels in India as of June 30, 2023, according to the Horwath Report. The company currently operates a portfolio of seven hotels and serviced apartments, totaling 1,836 keys. Juniper Hotels benefits from a longstanding partnership of over 40 years with Saraf Hotels, a renowned hotel developer in India, and affiliates of Hyatt Hotels Corporation (NYSE: H) (“HHC”).
Juniper Hotels is the only hotel development company in India with a strategic investment from Hyatt. As of June 30, 2023, they own 20% of Hyatt group-affiliated hotel rooms in India, as reported by Horwath. The company has a strong track record in identifying and developing high-end hotels in strategic locations, focusing on providing quality guest experiences and efficient asset management.
The company’s hotels and serviced apartments span across luxury, upper upscale, and upscale categories, located in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi. Grand Hyatt Mumbai Hotel and Residences, one of their properties, is the largest hotel in India. Additionally, Hyatt Regency Lucknow and Hyatt Regency Ahmedabad are the largest upper upscale hotels in their respective markets, and Hyatt Raipur is the only upper upscale hotel in Raipur, according to the Horwath Report.
Juniper Hotels serves as the flagship entity for the Saraf Group, owning a unique portfolio of luxury, upper upscale, and upscale hospitality assets in prime locations across India. The company’s strategy is to expand its ownership of luxury and upscale hotels and serviced apartments across India, consolidating the interests of Saraf Hotels and its affiliates in the hospitality sector and pursuing new opportunities to enhance its position as the Saraf Group’s flagship entity.
Juniper Hotels IPO Timeline
| Event Date | Details |
|---|---|
| IPO Open | February 21, 2024 |
| IPO Close | February 23, 2024 |
| IPO Size | Approx ₹1800 Crores |
| Fresh Issue | Approx ₹1800 Crores |
| Offer for Sale | Approx ₹[.] Crores |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹342 to ₹360 Per Share |
| IPO Listing on | BSE & NSE |
| Retail Quota | 10% |
| QIB Quota | 75% |
| NII Quota | 15% |
| Discount | N/A |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Juniper Hotels IPO Lot Size
The Juniper Hotels IPO has a minimum market lot of 40 shares, requiring an application amount of ₹14,400. Retail investors have the opportunity to apply for up to 13 lots, totaling 520 shares or ₹187,200.
| Application Type | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 40 | ₹14,400 |
| Retail Maximum | 13 | 520 | ₹187,200 |
| S-HNI Minimum | 14 | 560 | ₹201,600 |
| B-HNI Minimum | 70 | 2,800 | ₹1,008,000 |
Juniper Hotels IPO Allotment & Listing Dates
The Juniper Hotels IPO is scheduled to open on February 21, 2024, and close on February 23, 2024. The allotment of shares for the IPO will be finalized on February 26, 2024. Refunds for unsuccessful applicants are expected to be processed on February 27, 2024, with shares credited to the demat accounts of successful applicants on the same day. The IPO is set to be listed on the stock exchanges on February 28, 2024.
| Event | Date |
|---|---|
| Anchor Investors Allotment | February 20, 2024 |
| IPO Open Date | February 21, 2024 |
| IPO Close Date | February 23, 2024 |
| Basis of Allotment | February 26, 2024 |
| Refunds | February 27, 2024 |
| Credit to Demat Account | February 27, 2024 |
| IPO Listing Date | February 28, 2024 |
Juniper Hotels Financials
Here’s the financial report for Juniper Hotels in a table format:
| Year | Revenue (₹ Crores) | Expense (₹ Crores) | Profit After Tax (PAT) (₹ Crores) |
|---|---|---|---|
| 2021 | ₹192.85 | ₹462.26 | ₹199.49 |
| 2022 | ₹343.76 | ₹557.86 | ₹188.03 |
| 2023 | ₹717.29 | ₹742.80 | ₹1.50 |
| Sep 2023 | ₹337.43 | ₹389.97 | ₹26.50 |
Juniper Hotels IPO Valuation (FY2023)
Here are the valuation details for Juniper Hotels IPO for FY2023:
- Earning Per Share (EPS): -₹0.10 per Equity Share
- Price/Earning (P/E) Ratio: N/A
- Return on Net Worth (RoNW): -0.42%
- Net Asset Value (NAV): ₹24.67 per Equity Share
Peer Company
- Chalet Hotels Limited
- Lemon Tree Hotels Limited
- EIH Limited
- The Indian Hotels Company Limited
Juniper Hotels IPO Allotment Status Check
To check the allotment status for the Juniper Hotels IPO, you can visit the KFin Technologieswebsite and access the allotment URL provided. https://ris.kfintech.com/ipostatus/
Company Address
Juniper Hotels Limited
Off Western Express Highway,
Santacruz East, Mumbai 400 055,
Maharashtra, India;
Phone:+ 91 22 6676 1000
E-mail: complianceofficer@juniperhotels.com
Website: www.juniperhotels.com
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