Juniper Hotels Ltd. IPO
Juniper Hotels Ltd.
IPO Listing Details
Listed On
BSE & NSE
Listed On
Issue Price
₹360
Issue Price
Listing Price
₹361
Listing Price
Listing Gains
+₹1.20 (+0.33%)
Listing Gains
IPO Details
Bidding Dates
21 Feb - 23 Feb '24
Bidding Dates
Min. Investment
₹13,680
Min. Investment
Lot Size
40.00
Lot Size
Price Range
₹342 - ₹360
Price Range
Issue Size
1,710 Cr
Issue Size
Subscription Rate
- Retail Individual Investor1.28x
- Non-Institutional Investor0.85x
- Qualified Institutional Buyers2.96x
- 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
Strengths
- Robust brand recognition within the Indian luxury hotel market
- Seasoned and proficient management personnel
- Increasing demand for luxury accommodations in India
- Positive governmental policies supporting the tourism sector
Weaknesses
- Lack of past profitability track record
- Substantial debt obligations
- Competitive landscape
- Dependency on the performance of the Indian economy
Opportunities
- Expansion into fresh markets
- Rise in occupancy levels
- Expansion of the Indian tourism sector
Threats
- Economic downturn
- Heightened competition
- 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:
UPI
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
1. If you are an Existing TradeSmart demat account holder and wish to apply for an Juniper Hotels Ltd. click here.
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