Juniper Hotels IPO Subscribed 2.08 times
by 5paisa Research Team
23 Feb 2024
Listing Details
- Listing Exchange BSE, NSE
- Listing Date 28-Feb-24
- IPO Price Range ₹342
- Listing Price ₹361.2
- Listing Change 0.3 %
- Last Traded Price ₹314.25
- Current Change -12.7 %
Juniper Hotels IPO Details
- Open Date 21-Feb-24
- Close Date 23-Feb-24
- Lot Size 40
- IPO Size ₹ 1800 Cr
- IPO Price Range ₹ 342 to ₹ 360
- Min Investment ₹ 615600
- Listing Exchange BSE, NSE
- Basis of Allotment 26-Feb-24
- Refunds 27-Feb-24
- Credit to Demat Account 27-Feb-24
- Listing Date 28-Feb-24
Juniper Hotels IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 21-Feb-24 | 0.00 | 0.07 | 0.57 | 0.12 |
| 22-Feb-24 | 0.06 | 0.15 | 0.93 | 0.24 |
| 23-Feb-24 | 3.11 | 0.89 | 1.31 | 2.18 |
Juniper Hotels IPO Synopsis
Juniper Hotels IPO is set to open from 21st February to 23rd February 2024. The company operates in the space of a luxury hotel development and ownership. The IPO includes a fresh issue of 50,000,000 shares worth ₹1800.00 cr. The share allotment date is 26th February 2024, and the IPO will be listed on 28th February 2024 on the stock exchanges. The price band is set at ₹342 to ₹360 and the lot size is 40 shares.
JM Financial Limited, CLSA India Private Limited, and ICICI Securities Limited are the book-running lead managers for this IPO, while KFin Technologies Limited is the registrar.
Objectives of the Juniper Hotels IPO:
• To repay or prepay in full or part the borrowings obtained by the company as well as its recently acquired companies CHPL and CHHPL.
• General corporate purposes.
Juniper Hotels IPO Video:
About Juniper Hotels
Established in 1985, Juniper Hotels operates in the space of luxury hotel development and ownership. It is jointly held by Saraf Hotels and its affiliates, Juniper Investments and Two Seas Holdings. The company also holds the position of the largest owner, by the number of Keys of “Hyatt” affiliated hotels in the country as of September 2023.
Juniper Hotels has a portfolio of 162 seven hotels and serviced apartments with a total key number of 1,836 as of September 2023. The company has long-standing relations with Saraf Hotels and it is the only company in India that has affiliation with Hyatt Hotels Corporation. As of September 2023, Juniper Hotels owned 19.6% of Hyatt group-affiliated hotel rooms and apartments in the country. It has a presence across different segments such as luxury, upper upscale and upscale via hotels in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur and Hampi.
Peer Comparison
• Chalet Hotels Limited
• Lemon Tree Hotels Limited
• EIH Limited
• The Indian Hotels Company Limited
For More Information:
Webstory on Juniper Hotels
Juniper Hotels Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 666.85 | 308.68 | 166.35 |
| EBITDA | 322.36 | 101.46 | 22.20 |
| PAT | -1.49 | -188.03 | -199.48 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 3020.26 | 3069.86 | 3055.53 |
| Share Capital | 143.70 | 143.70 | 143.70 |
| Total Borrowings | 2665.76 | 2713.49 | 2511.64 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 286.44 | -36.44 | 53.57 |
| Net cash from / (used in) investing activities | 27.70 | -63.08 | -7.80 |
| Net cash flow from / (used in) financing activities | -310.79 | 90.24 | -41.48 |
| Net increase (decrease) in cash and cash equivalents | 3.34 | -9.28 | 4.28 |
Juniper Hotels IPO Key Points
-
Strengths
1. The company has expertise in site selection and identifying opportunities to develop hotels.
2. It has a unique partnership between asset owner and operator brand backed by strong parentage.
3. It has robust asset management capabilities with a focus on enhancing operating efficiency and profitability.
4. The company enjoys increasing returns by having multiple revenue streams and complementary offerings.
5. It is well-positioned to benefit from industry trends.
6. Experienced Promoters and professional senior management team. -
Risks
1. The company and its certain subsidiaries have incurred losses in the past.
2. It has substantial indebtedness which requires significant cash flows to service.
3. The revenue is highly dependent on three hotels/serviced apartments in Mumbai (Maharashtra) and New Delhi.
4. The company has reported negative cash flows.
5. The business is capital-intensive with high working capital requirements.
6. The business can be adversely impacted by competition.
Juniper Hotels
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Juniper Hotels IPO FAQs
When does the Juniper Hotels IPO open and close?
Juniper Hotels IPO opens from 21st February to 23rd February 2024.
What is the size of the Juniper Hotels IPO?
Juniper Hotels IPO size is ₹1800.00 cr.
How to apply for the Juniper Hotels IPO?
To apply for the IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and the price at which you wish to apply for the Juniper Hotels Limited IPO.
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Juniper Hotels IPO?
The price band of Juniper Hotels IPO is set at ₹342 to ₹360 per share.
What is the minimum lot size and investment required for the Juniper Hotels IPO?
The minimum lot size is 40 shares and the minimum investment required to apply for Juniper Hotels IPO is ₹13,680.
What is the allotment date of the Juniper Hotels IPO?
Juniper Hotels IPO share allotment date is 26th February 2024.
What is the Juniper Hotels IPO listing date?
Juniper Hotels IPO will be listed on 28th February 2024.
Who are the book runners for the Juniper Hotels IPO?
JM Financial Limited, CLSA India Private Limited, and ICICI Securities Limited are the book-running lead managers for Juniper Hotels IPO.
What is the objective of Juniper Hotels IPO?
Juniper Hotels will use proceeds for:
• To repay or prepay in full or part the borrowings obtained by the company as well as its recently acquired companies CHPL and CHHPL.
• General corporate purposes.
Contact Details of Juniper Hotels IPO
Contact Information
Juniper Hotels Limited
Off Western Express Highway
Santacruz East,
Mumbai 400 055,
Phone: + 91 22 6676 1000
Email: complianceofficer@juniperhotels.com
Website: http://www.juniperhotels.com/
Juniper Hotels IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: jhl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Juniper Hotels IPO Lead Manager
ICICI Securities Limited
CLSA India Private Limited
JM Financial Limited
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