Juniper Hotels IPO Details, Date, Review, Price

Juniper Hotels IPO Details, Date, Review, Price

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 DateFebruary 23, 2024
IPO SizeApprox ₹1800 Crores
IPO Face Value ₹10 Per Equity Share
IPO Price Band₹342 to ₹360 Per Every Share
IPO Listing OnNSE and BSE
IPO Retail Quota10%
IPO QIB Quota75%
IPO NII Quota15%

JUNIPER HOTELS LIMITED IPO MARKET LOT DETAILS

ApplicationLot SizeSharesAmount
Retail Minimum140₹14,400
Retail Maximum13520₹187,200
S-HNI Minimum14560₹201,600
B-HNI Minimum702,800₹1,008,000

OBJECTS OF THE ISSUE

  1. Repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings availed by our Company and Subsidiaries, namely CHPL and CHHPL.
  2. General corporate purposes.

JUNIPER HOTELS LIMITED IPO ALLOTMENT & LISTING DATE (DETAILS)

Anchor Investor AllotmentFeb 20, 2024
IPO Open DateFeb 21, 2024
IPO Close DateFeb 23, 2024
Basis of AllotmentFeb 26, 2024
RefundsFeb 27, 2024
Credit to Demat AccountFeb 27, 2024
IPO Listing DateFeb 28, 2024

JUNIPER HOTELS LIMITED FINANCIAL REPORTS 

₹ in Crores
YearRevenueExpensePAT
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-

  1. Arun Kumar Saraf
  2. Saraf Hotels Limited
  3. Two Seas Holdings Limited
  4.  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 EndedBasic EPS (in ₹)Diluted EPS (in ₹)Weight
March 31, 20230.100.103
March 31, 202213.0813.082
March 31, 202113.8813.881
Weighted Average6.726.72

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

 

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