Company Overview
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 June 30, 2023. We have a portfolio of seven hotels and serviced apartments and operate a total of 1,836 keys. Juniper Hotels benefit from a unique and longstanding partnership of over 40 years between Saraf Hotels and current affiliates, collectively referred to as the “Saraf Group”), a hotel developer with a strong and well-established track record in India, and affiliates of a globally recognized premier hospitality brand, Hyatt Hotels Corporation (NYSE: H) (“HHC”) (collectively with its affiliates “Hyatt”).
Juniper Hotels is the only hotel development company in India with which Hyatt has a strategic investment. We own 20% of Hyatt group-affiliated hotel rooms in India as of June 30, 2023, and have extensive experience in identifying opportunities in hospitality destinations, developing high-end hotels in these locations, and nurturing them through active asset management. Juniper Hotels is also focused on providing quality guest experience while operating our assets efficiently.
Juniper Hotels and serviced apartments are present across the luxury, upper upscale, and upscale categories of hotels and are established landmarks in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi. Besides Grand Hyatt Mumbai Hotel and Residences being the largest hotel in India, the 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.
Juniper Hotels is jointly held by Saraf Hotels and its affiliates, Juniper Investments and Two Seas Holdings. The partnership between our key stakeholders has been built over several decades. Saraf Group, led by Arun Kumar Saraf, has over 40 years of industry experience and has developed several hotels across South Asia. HHCis a global hospitality company with widely recognized, industry-leading brands and a tradition of innovation developed over 65 years, with a hotel portfolio consisting of 1,297 hotels and 311,171 rooms, across full-service hotels and resorts, all-inclusive resorts, select service hotels, lifestyle hotels, and other properties, as of June 30, 2023.
Juniper Hotels benefit from the experience of our key shareholders and can leverage their long-standing brand heritage, in-depth market understanding, operational experience, and the World of Hyatt loyalty program with over 40 million members as of June 30, 2023.
JUNIPER HOTELS LIMITED IPO DATE & PRICE BAND DETAILS
IPO Open Date February 21, 2024 IPO Close Date February 23, 2024 IPO Size Approx ₹1800 Crores IPO Face Value ₹10 Per Equity Share IPO Price Band ₹342 to ₹360 Per Every Share IPO Listing On NSE and BSE IPO Retail Quota 10% IPO QIB Quota 75% IPO NII Quota 15%
JUNIPER HOTELS LIMITED IPO MARKET LOT DETAILS
Application 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
OBJECTS OF THE ISSUE
- Repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings availed by our Company and Subsidiaries, namely CHPL and CHHPL.
- General corporate purposes.
JUNIPER HOTELS LIMITED IPO ALLOTMENT & LISTING DATE (DETAILS)
Anchor Investor Allotment Feb 20, 2024 IPO Open Date Feb 21, 2024 IPO Close Date Feb 23, 2024 Basis of Allotment Feb 26, 2024 Refunds Feb 27, 2024 Credit to Demat Account Feb 27, 2024 IPO Listing Date Feb 28, 2024
JUNIPER HOTELS LIMITED FINANCIAL REPORTS
₹ in Crores Year Revenue Expense PAT 2023 ₹717.29 ₹742.80 ₹1.50 2022 ₹343.76 ₹557.86 ₹188.03 2021 ₹192.85 ₹462.26 ₹199.49
OUR PROMOTERS
The Promoter of Juniper Hotels are-
- Arun Kumar Saraf
- Saraf Hotels Limited
- Two Seas Holdings Limited
- Juniper Investments Limited
Qualitative Factors:-
Some of the qualitative factors which form the basis for computing the Issue Price are set forth below:
- Expertise in site selection and identifying opportunities to develop our hotels.
- A unique partnership between asset owner and operator brand backed by strong parentage.
- Robust asset management capabilities with a focus on enhancing operating efficiency and profitability.
- Increasing returns by having multiple revenue streams and complementary offerings.
- Well-positioned to benefit from industry trends.
- Experienced and qualified board and management team.
Basic & Diluted Earnings Per Equity Share (“EPS”)
Financial Year Ended Basic EPS (in ₹) Diluted EPS (in ₹) Weight March 31, 2023 0.10 0.10 3 March 31, 2022 13.08 13.08 2 March 31, 2021 13.88 13.88 1 Weighted Average 6.72 6.72
JUNIPER HOTELS LIMITED COMPANY CONTACT DETAILS
Off Western Express Highway
Santacruz East
Mumbai 400 055
Maharashtra, India
Tel:+91 22 6676 1000
E-mail:complianceofficer@juniperhotels.com
Webiste:www.juniperhotels.com
JUNIPER HOTELS IPO REGISTAR
KFin Technologies Limited
Selenium, Tower B, Plot No –31 and 32
Gachibowli, Financial District
Nanakramguda, Serilingampally
Hyderabad, 500 032
Telangana, India
Telephone: + 91 40 6716 2222/ 18003094001
Email: epack.ipo@kfintech.com
Investor grievance email: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna
