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Juniper Hotels IPO starts tomorrow: GMP, issue details, 10 important things to know before subscribing to ₹1,800 crore issue

Juniper Hotels' IPO will open for subscription tomorrow (Wednesday, February 21). Juniper Hotels Ltd is a luxury hotel development and ownership company that operates luxury, upscale and upscale hotels across various locations in India namely Mumbai, Delhi, Ahmedabad, Lucknow, Raipur and Hampi.

Also Read: Juniper Hotels IPO: Price Range Set at 342-360 per share; Check GMP, important dates, issue details and more

According to Red Herring Prospectus (RHP), Juniper Hotels operated 1,836 keys across seven hotels and serviced apartments as of September 30, 2023. The Company benefits from a special and long-standing partnership spanning more than 40 years between subsidiaries of the highly respected leading hotel brand Hyatt Hotels Corporation and Saraf Hotels (including former and current subsidiaries, collectively referred to as “Saraf Group”). a hotel developer with a solid track record in India.

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Hyatt has a strategic stake exclusively in Juniper Hotels, the only hotel development company in India. According to the Horwath report, as of September 30, 2023, Juniper Hotels owned 19.6% of the Hyatt-affiliated rooms and apartments in India.

Also Read: Juniper Hotels IPO begins next week. GMP, price, further details about the upcoming IPO

According to RHP, the company's listed competitors are Chalet Hotels Limited (with a P/E ratio of 84.37), Lemon Tree Hotels Limited (with a P/E ratio of 95.52) and The Indian Hotels Company Limited (with a P/E ratio of 66.78). ) and EIH Limited (with a P/E ratio of 58.71).

Juniper Hotels IPO details.

Saraf Hotels Limited, Two Seas Holdings Limited, Juniper Investments Limited and Arun Kumar Saraf are the promoters of the company. The company owners own 100% of the shares as of the RHP date of February 13, 2024, for a total of 172,502,384.

Between March 31, 2022 and March 31, 2023, Juniper Hotels Limited's profit after tax (PAT) increased by 99.2% and revenue increased by 1086.6%.

Also Read: IPOs next week: Two mainboard and three public issues for SMEs to keep the primary market busy

Here are the top 10 things to know about Juniper Hotels' IPO:

Juniper Hotels IPO Date: Juniper's IPO opens for subscription on Wednesday, February 21st and closes on Friday, February 23rd.

Juniper Hotels IPO Price Range: The price range for Juniper's IPO was set in the range of 342 tons 360 per share of par value 10.

Juniper Hotels IPO Property Size: The lot size of the Juniper IPO is 40 shares and a multiple of 40 shares thereafter.

Anchor investors: Allocation to anchor investors for Juniper Hotels' IPO is scheduled for today (Tuesday, February 20).

Juniper Hotels IPO details: Juniper Hotels IPO worth it 1,800 crore, consists entirely of new issue and there is no offer component.

Also Read: Juniper Hotels IPO opens for subscription on February 21; Here's everything we know so far

Objectives of the Juniper Hotels IPO: The Company intends to use the net proceeds for the following purposes: General corporate purposes; full or partial repayment, prepayment or repayment of certain outstanding borrowings of the Company and our recent acquisitions, Chartered Hotels Private Limited and Chartered Hampi Hotels Private Limited.

Juniper Hotels IPO Date and Allotment Details: Tentatively, the allotment base for Juniper Hotels' IPO will be completed on Monday, February 26 and the company will initiate refund on Tuesday, February 27 while the shares will be credited to the demat account of the allottees on the same day become. Juniper Hotels IPO shares are expected to list on the BSE and NSE on Wednesday, February 28.

Also Read: Juniper Hotels gets SEBI approval for hike 1,800 crore through IPO

Chief Executive Officer and Registrar of Juniper Hotels IPO: The registrar for Juniper Hotels' IPO is Kfin Technologies Limited while the underwriters are JM Financial Limited, CLSA India Private Limited and ICICI Securities Limited.

Reservation for Juniper Hotels IPO: The Juniper Hotels IPO has reserved at least 75% of the shares of the public issue for qualified institutional buyers (QIB), no more than 15% for non-institutional investors (NII), and no more than 10% of the offering is reserved for retail investors.

Juniper Hotels IPO GMP today: Juniper IPO GMP or gray market premium is +8. This suggests that Juniper Hotels' share price was trading at a premium of 8 on the gray market, according to investorgain.com.

Taking into account the upper end of the IPO price range and the current gray market premium, the estimated listing price of Juniper Hotels shares has been included 368 per piece, which is 22.2% higher than the IPO price of 360.

“Gray market premium” indicates investors’ willingness to pay more than the issue price.

Also Read: Juniper Hotels files DRHP with Sebi 1800 crore IPO

Disclaimer: The above views and recommendations are those of individual analysts, experts and brokerage firms, not Mint. We recommend investors consult certified experts before making an investment decision.

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