Juniper Hotels IPO Description – Juniper Hotels is a luxury hotel development and ownership company. Juniper Hotels is co-owned by Saraf Hotels Limited and Two Seas Holdings Limited, an affiliate of the prominent global hospitality entity, Hyatt Hotels Corporation. The partnership is unique as Hyatt owns 50% of Juniper Hotels through Two Seas Holdings. It functions as a luxury hotel development and ownership enterprise and owns 1,836 “Hyatt” affiliated hotel keys in India as of 30 September 2023. The company manages a diverse portfolio consisting of seven hotels and serviced apartments.
The company’s hotels and serviced apartments are situated across the luxury, upper upscale, and upscale categories at various geographies. Additionally, Grand Hyatt Mumbai Hotel and Residences holds the distinction of being the largest hotel in India. As of 30 September 2023, the company employed a total of 1,631 permanent employees, while Chartered Hotels Private Limited had a total of 362 employees.
Promoters of Juniper Hotels – Arun Kumar Saraf, Saraf Hotels Limited, Two Seas Holdings Limited, and Juniper Investments Limited
Table of Contents
Juniper Hotels IPO Details
| Juniper Hotels IPO Dates | 21 – 23 February 2024 |
| Juniper Hotels Issue Price | INR 342 – 360 per share |
| Fresh issue | INR 1,800 crore |
| Offer For Sale | NIL |
| Total IPO size | INR 1,800 crore |
| Minimum bid (lot size) | 40 Shares (INR 14,400) |
| Face Value | INR 10 per share |
| Retail Allocation | 10% |
| Listing On | BSE, NSE |
Juniper Hotels Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 166.35 | 308.69 | 666.85 | 336.11 |
| Expenses | 462.26 | 557.86 | 742.81 | 383.97 |
| Net income | (199.49) | (188.03) | (1.50) | (26.50) |
| Margin (%) | (119.92) | (60.91) | (0.22) | (7.88) |
Juniper Hotels Offer News
- Juniper Hotels RHP
- Juniper Hotels DRHP
- Juniper Hotels IPO: 10 Key Things to Know from RHP
- Juniper Hotels IPO Gets SEBI Approval
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Juniper Hotels Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (13.88) | (13.08) | (0.10) |
| PE ratio | – | – | – |
| RONW (%) | (36.68) | (52.76) | (0.42) |
| NAV | 37.85 | 24.80 | 24.67 |
| ROCE (%) | (5.23) | (3.30) | – |
| EBITDA (%) | 11.51 | 29.52 | 44.94 |
| Debt/Equity | 1.72 | 1.93 | 0.86 |
Juniper Hotels IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 24 February 2024 | 5 | – | – |
| 23 February 2024 | 5 | – | – |
| 22 February 2024 | 5 | – | – |
| 21 February 2024 | 8 | – | – |
| 20 February 2024 | 10 | – | – |
| 19 February 2024 | 10 | – | – |
| 17 February 2024 | 15 | – | – |
Juniper Hotels IPO Objectives
The net proceeds of the Issue, i.e., gross proceeds of the Issue less the Issue related expenses (Net Proceeds) are proposed to be utilized in the following manner:
- Repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings availed by the company and Subsidiaries, namely CHPL and CHHPL – INR 1,500 crore
- General corporate purposes
Juniper Hotels IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
| Shares Offered | 15,789,474 | 7,894,736 | 5,263,157 | 28,947,367 |
| 23 Feb 2024 | 2.96 | 0.85 | 1.24 | 2.07 |
| 22 Feb 2024 | 0.06 | 0.14 | 0.87 | 0.23 |
| 21 Feb 2024 | 0.00 | 0.06 | 0.52 | 0.11 |
Juniper Hotels – Comparison With Listed Peers
| Company | EV/EBITDA | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Juniper Hotels | 14.75 | – | (0.10) | (0.42) | 24.67 | 666.85 |
| Chalet Hotels | 36.11 | 62.66 | 8.94 | 11.89 | 75.19 | 1,128.47 |
| Lemon Tree Hotels | 27.79 | 83.90 | 1.45 | 9.94 | 17.86 | 874.99 |
| The Indian Hotels | 34.34 | 59.00 | 7.06 | 12.18 | 60.84 | 5,809.91 |
| EIH Limited | 27.17 | 47.10 | 5.03 | 9.48 | 55.52 | 2,018.81 |
Juniper Hotels IPO Allotment Status
Juniper Hotels IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
Juniper Hotels IPO Dates & Listing Performance
| Juniper Hotels IPO Opening Date | 21 February 2024 |
| Juniper Hotels IPO Closing Date | 23 February 2024 |
| Finalization of Basis of Allotment | 26 February 2024 |
| Initiation of refunds | 27 February 2024 |
| Transfer of shares to demat accounts | 27 February 2024 |
| Juniper Hotels IPO Listing Date | 28 February 2024 |
| Opening Price on NSE | INR 365 per share (up 1.39%) |
| Closing Price on NSE | INR 401.50 per share (up 11.53%) |
Juniper Hotels PO Reviews – Subscribe or Avoid?
Angel One –
Anand Rathi –
Axis Capital –
Antique Stock Broking –
Arihant Capital –
Ashika Research – Not Rated
Asit C Mehta –
BP Wealth – Avoid
Capital Market – Neutral
Canara Bank Securities – Avoid
Choice Broking –
Dalal & Broacha –
Elite Wealth – Avoid
GCL Broking –
Geojit –
GEPL Capital –
Hem Securities – Subscribe for long term
ICICIdirect –
Investmentz –
Jainam Broking – Subscribe for listing gains
DR Choksey –
LKP Research –
Marwadi Financial – Subscribe
Motilal Oswal –
Nirmal Bang –
Reliance Securities –
Religare Broking –
SBI Securities – Subscribe for long term Horizon
Systematix Group – Not Rated
Samco Securities – Avoid
SMC Global – 2/5
Swastika Investmart –
Ventura Securities – Subscribe
Juniper Hotels Offer Lead Manager
JM FINANCIAL LIMITED
7th Floor, Cnergy, Appasaheb Marathe Marg,
Prabhadevi, Mumbai 400 025,
Maharashtra, India
Phone: +91 22 6630 3030
Email: [email protected]
Website: www.jmfl.com
Juniper Hotels Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Juniper Hotels Contact Details
JUNIPER HOTELS LIMITED
Off Western Express Highway,
Santacruz East, Mumbai 400 055, Maharashtra
Phone: +91 22 6676 1000
Email: [email protected]
Website: www.juniperhotels.com
Juniper Hotels IPO FAQs
How many shares in Juniper Hotels IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply in Juniper Hotels Public Offer?
The best way to apply in Juniper Hotels’ public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Juniper Hotels IPO GMP today?
Juniper Hotels IPO GMP today is INR 5 per share.
What is Juniper Hotels kostak rate today?
Juniper Hotels kostak rate today is INR NA per application.
What is Juniper Hotels Subject to Sauda rate today?
Juniper Hotels Subject to Sauda rate today is INR NA per application.
