Juniper Hotels Ltd. IPO

Juniper Hotels Ltd.

IPO Listing Details

Listed On


Listed On

Issue Price


Issue Price

Listing Price


Listing Price

Listing Gains

+₹1.20 (+0.33%)

Listing Gains

IPO Details

Bidding Dates

21 Feb - 23 Feb '24

Bidding Dates

Min. Investment


Min. Investment

Lot Size


Lot Size

Price Range

₹342 - ₹360

Price Range

Issue Size

1,710 Cr

Issue Size

Subscription Rate

  • Retail Individual Investor
  • Non-Institutional Investor
  • Qualified Institutional Buyers
  • Employees

About Company

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.

Important Dates - Juniper Hotels IPO

Application opens on 21st February 2024
Last date of application 23rd February 2024
Date of Allotment 26th February 2024
Refund begins from 27th February 2024
Credit of shares to Demat 27th February 2024
Listing date 28th February 2024

Why should you invest in Juniper Hotels Ltd. IPO?

Despite experiencing negative trends in profitability at the Profit After Tax (PAT) level, Juniper Hotels Limited remains the top gross profit earner in the hospitality sector, boasting a reputable global brand in "Hyatt" and a strong global investor partner. While the company currently faces a negative Price-to-Earnings (P/E) ratio due to its net loss status, it presents an opportunity for informed investors to invest with the expectation of significant returns over the medium to long term.


Juniper Hotels IPO Grey Market Premium

Date GMP
20th February Rs.5
19th February Rs.5
18th February Rs.10


Financial Snapshot - Juniper Hotels IPO

Check out the financial performance of Juniper Hotels for recent years:

Financial Year Total Assets Total Revenues Net Profit
March 2021 Rs 3,055.24 crore Rs 192.85 crore Rs -199.49 crore
March 2022 Rs 3,069.86 crore Rs 343.76 crore Rs -88.03 crore
March 2023 Rs 3,020.87 crore Rs 717.29 crore Rs -1.50 crore

Juniper Hotels Ltd. IPO - SWOT Analysis


  1. Robust brand recognition within the Indian luxury hotel market
  2. Seasoned and proficient management personnel
  3. Increasing demand for luxury accommodations in India
  4. Positive governmental policies supporting the tourism sector



  1. Lack of past profitability track record
  2. Substantial debt obligations
  3. Competitive landscape
  4. Dependency on the performance of the Indian economy



  1. Expansion into fresh markets
  2. Rise in occupancy levels
  3. Expansion of the Indian tourism sector



  1. Economic downturn
  2. Heightened competition
  3. Shifts in governmental regulations


Juniper Hotels IPO Noteworthy Highlights

The net proceeds from the Issue, calculated as the gross proceeds minus the Issue-related expenses, are intended to be allocated as follows:

  • Repayment, prepayment, or redemption, either in full or in part, of specific outstanding borrowings obtained by the Company and its recent acquisitions, CHPL and CHHPL.
  • Funding general corporate purposes

How to apply for Juniper Hotels Ltd. IPO?

You can apply for the Juniper Hotels Ltd. IPO in these ways:

Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.

Demat Account

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Juniper Hotels Ltd. IPO FAQs

What are the opening and closing dates for Juniper Hotels IPO?

Juniper Hotels IPO will open for subscription on February 21 and close on February 23.

What is the price band for Juniper Hotels IPO?

The price band for Juniper Hotels IPO is ₹342 to ₹360 per share.

What is the minimum and maximum lot size for the Juniper Hotels IPO?

The lot size for this IPO is 40 equity shares, and investors have the option to bid in increments of 40 shares.

Who are Juniper Hotels IPO Lead Managers?

JM Financial, CLSA India, and ICICI Securities are the joint Book Running Lead Manager (BRLM) to the issue.

Who is the registrar of the issue?

KFin Technologies Limited is the registrar for Juniper Hotels IPO.

When will the Juniper Hotels IPO allotment take place?

The finalisation of the basis of allotment for Juniper Hotels IPO will be done on February 26 2024, and the allotted shares will be credited to investors’ demat accounts by February 27.

When and where will the Juniper Hotels shares be listed?

The equity shares of Juniper Hotels are proposed to be listed on February 28 ,2024, on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).



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