Juniper Hotels IPO Details
Issue Date
21 Feb - 23 Feb'24
Price Range
₹342 - ₹360
Lot Size
40
IPO Size
₹1800.00 Cr
Juniper Hotels IPO Listing Details
Listing On
28 Feb'24
Issue Price
₹360
Listed Price
₹ 365
Retail Gain/Listing Gain
▲1.39%
Schedule of Juniper Hotels IPO
Start date
21/02/2024
End date
23/02/2024
Allotment of bids
Refund Initiation
25/02/2024
Listing on exchange
28/02/2024
Juniper Hotels IPO Review | Issue details, future strategies & more
Kotak Neo
•03m 23s
Company Background
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:
Competitive Strengths
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.
Risk Factors
- 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.
Key Strategies
- Enhancement of facilities at existing assets.
- Development of new opportunities at existing assets.
- Explore value accretive acquisition of assets and selective expansion.
Juniper Hotels Ltd IPO Key Financials
Here are the key financials for Juniper Hotels Limited:
How to apply for IPO through ASBA
Kotak Neo
•4m 01s
How To Apply for Juniper Hotels Ltd IPO?
Here are the steps to apply for Juniper Hotels Ltd IPO:
Step 1: Log in to your Kotak Neo 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.
Juniper Hotels IPO FAQs
The Juniper Hotels IPO opens for subscription from 21-02-2024 to 23-02-2024, with a total issue size of ₹1800.00 Cr. The IPO price band is ₹342 to ₹360 per share with a lot size of 40. The company aims to list the shares on BSE & NSE on 28-02-2024.
The Juniper Hotels IPO will open for subscription on 21-02-2024 and will close on 23-02-2024 for investors.
The minimum lot size for the Juniper Hotels IPO is 40 equity shares, requiring a minimum investment of ₹14400 for retail investors applying in the IPO.
The price band of the Juniper Hotels IPO has been fixed at ₹342 to ₹360 per equity share.
You can apply for the Juniper Hotels IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Juniper Hotels IPO allotment will take place on [-].
You can check the Juniper Hotels IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Juniper Hotels shares will list on the stock exchanges on 28-02-2024.
You can find detailed information about the Juniper Hotels IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).
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:
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.
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