Juniper Hotels is launching an Initial Public Offering (IPO) as a book-built issue worth Rs 1,800.00 crores. The IPO comprises entirely fresh shares amounting to 5 crore shares.
Subscription for the Juniper Hotels IPO opens on February 21, 2024, and closes on February 23, 2024. Allotment for the IPO is expected to be finalized on Monday, February 26, 2024. The company’s shares will be listed on both the BSE and NSE, with a tentative listing date set for Wednesday, February 28, 2024.
The price band for the Juniper Hotels IPO is set at ₹342 to ₹360 per share. The minimum lot size for an application is 40 shares, requiring a minimum investment of ₹14,400 for retail investors. For sNII (non-institutional investors), the minimum lot size investment is 14 lots (560 shares), amounting to ₹201,600, while for bNII (qualified institutional buyers), it is 70 lots (2,800 shares), totaling ₹1,008,000.
Jm Financial Limited, Clsa India Private Limited, and ICICI Securities Limited are serving as the book running lead managers for the Juniper Hotels IPO, with Kfin Technologies Limited acting as the registrar for the issue.
Here’s how you can check the allotment status of Juniper Hotels IPO:
Step 1: Go to the BSE website.
Step 2: Choose ‘Equity’ and then the issue name from the selection menu.
Step 3: Enter your application number as well as your PAN card number and press ‘Search’.
You can also follow a similar procedure to check the allotment status on the Registrar’s website:
Step 1: Go to the KFin Technologies Limited website.
Step 2: Select the IPO name by clicking on ‘Company Selection’.
Step 3: Input your PAN, application number, DP/Client ID, or account number/IFSC number and click on ‘Search’.
If the details are input correctly, the status will appear only after allotment. The equity shares are expected to be credited to successful investors’ demat accounts on February 27, 2024
Established in September 1985, Juniper Hotels Limited is a company specialising in the development and ownership of upscale hotels. As of September 30, 2023, the company manages a portfolio consisting of seven hotels and serviced apartments, totaling 1,836 rooms.
These properties, located in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi, are renowned in the luxury, upper upscale, and upscale segments. Notably, the Grand Hyatt Mumbai Hotel and Residences stands as India’s largest luxury hotel, while the Hyatt Regency Lucknow and Hyatt Regency Ahmedabad are the leading upper upscale accommodations in their respective regions. Furthermore, Hyatt Raipur holds the distinction of being the sole upper upscale hotel in Raipur.
Juniper Hotels operates through a partnership between Saraf Hotels Ltd and Two Seas Holdings Ltd, an affiliate of Hyatt Hotels Corporation. This collaboration signifies a strategic alliance between a local hotel developer and an esteemed international hospitality firm.
Juniper Hotels GMP
| Date | GMP |
| February 20 | ₹5 |
| February 19 | ₹5 |
| February 18 | ₹10 |
| February 17 | ₹10 |
| February 16 | ₹10 |
Given the price band of ₹360.00 for the Juniper Hotels IPO, and considering the estimated listing price of ₹365.00 (which includes the cap price plus today’s Grey Market Premium), the expected percentage gain per share is approximately 1.39%.
