Juniper Hotels Limited IPO

Price
₹342 - ₹360
Lot
40
Subs.
2.18
Expected Listing Earning

Exp. Premium(GMP):
5.00(1.39%)
IPO Details

Open Date: 21-Feb-2024
Close Date: 23-Feb-2024
Allotment Date: 26-Feb-2024
Listing Date: 28-Feb-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹342-360 Per Equity Share
Issue Size: Total Issue Size 50,000,000 shares (aggregating up to ₹1,800.00 Cr) : Fresh Issue 50,000,000 shares (aggregating up to ₹1,800.00 Cr)
Market Lot (Min Amount): Retail - ₹14,400 : S-HNI - ₹201,600 : B-HNI - ₹1,008,000
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved15,000,0007,500,0005,000,00027,500,000
Day 1 - 21-02-24 
05:00 PM
0.000.070.570.12
Day 2 - 22-02-24 
05:00 PM
0.060.150.930.24
Day 3 - 23-02-24 
05:00 PM
3.110.891.312.18
Total No. of Application:121,009 (Approx.)
Retail Subscription on the basis of Apps:0.97x
Valuations

Earning Per Share(EPS)₹N/A/-
P/E RatioN/A
RoNW-0.42%
Net Asset Value (NAV) - Post Issue:₹N/A/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Sep,20233,837.83337.43-26.50
31 Mar,20233,020.27717.29-1.50
31 Mar,20223,069.86343.76-188.03
31 Mar,20213,055.54192.85-199.49
Promoter(s)

Pre Issue Share Holding100%
Post Issue Share HoldingN/A%
Company Promoter(s)
1. Arun Kumar Saraf, & Saraf Hotels Limited
2. Two Seas Holdings Limited
3. Juniper Investments Limited.
Issue Objective(s)

The net proceeds of the Issue, i.e., gross proceeds of the Issue less the Issue related expenses are proposed to be utilised in the following manner:

1. Repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings availed by the Company and its recent acquisitions, namely CHPL and CHHPL; and

2. General corporate purposes.

About Company

Incorporated in September 1985, Juniper Hotels Limited is a luxury hotel development and ownership company. As of September 30, 2023, the company operates seven hotels and serviced apartments with a total of 1,836 rooms.

The company's hotels and serviced apartments in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi are landmarks in the luxury, upper upscale and upscale categories. Grand Hyatt Mumbai Hotel and Residences is India's largest luxury hotel, while Hyatt Regency Lucknow and Hyatt Regency Ahmedabad are the biggest upper upscale hotels in their respective markets. Finally, Hyatt Raipur is the only upper upscale hotel in Raipur.

Juniper Hotels is co-owned by Saraf Hotels Ltd and Two Seas Holdings Ltd, an affiliate of Hyatt Hotels Corporation, forming a strategic partnership between a hotel developer and an international hospitality company.

The company has been honored with several awards, including the "Best Luxury Business Hotel in Delhi" at the Today's Traveller Awards in 2022 for Andaz Delhi, and the "Best 5 Star Hotel in Gujarat" at the Gujarat Tourism Awards in 2022 for Hyatt Regency Ahmedabad.

The revenue from operations increased from ₹1,663.51M in Fiscal 2021 to ₹3,086.89M in Fiscal 2022 and ₹6,668.54M in Fiscal 2023.

As of Sep 30, 2023, the company has 116 serviced apartments in Grand Hyatt Mumbai and 129 serviced apartments in Hyatt Delhi.

As of September 30, 2023, the company had a total of 1,631 permanent employees. The CHPL Group had a total of 362 permanent employees. Together, they had a total of 1,993 employees.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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