Juniper Hotels IPO Opens Tomorrow: Key Details, ₹1,800-Crore Issue, and Price Band Revealed

In a much-anticipated move, Juniper Hotels Limited is gearing up to open its initial public offering (IPO) to the public on February 21, with the subscription window set to close on February 23. The hospitality giant aims to raise an impressive ₹1,800 crores through a fresh issue of 5 crore shares, with a price band ranging between ₹342 to ₹360 per equity share.

Key Details to Keep in Mind:

1. IPO Dates:

• Opening Date: February 21
• Closing Date: February 23

2. Pricing Insights:

• Price Band: ₹342-360 per share

3. Company's Objectives:

• Utilization of Funds: Juniper Hotels plans to channel the raised capital, totaling ₹1,800 crores, towards the repayment of loans and recent acquisitions, including CHPL and CHHPL.

4. Lot Size:

• Investors can participate by bidding for a minimum of 40 shares, and subsequently, in multiples of 40.

5. Company Overview:

• As of September 30, 2023, Juniper Hotels holds the distinction of being the largest owner of Hyatt-affiliated hotels in India. The portfolio also boasts seven hotels and serviced apartments. Despite a net loss of ₹1.5 crores in FY23, a significant reduction from the previous year's ₹188 crores, the company stands poised for growth.

6. Lead Managers:

• The IPO is spearheaded by lead managers JM Financial, CLSA India, and ICICI Securities, with Kfin Technologies serving as the registrar.

7. Prominent Figures:

• Promoters include Arun Kumar Saraf, Saraf Hotels, Two Seas Holdings, and Juniper Investments.

8. Allotment Details:

• The basis of allotment is expected to be finalized by February 26.

As the countdown begins for Juniper Hotels' IPO, investors and industry enthusiasts alike are keenly awaiting the unfolding of this significant financial event, which promises to reshape the landscape of the hospitality sector. Stay tuned for more updates as the IPO journey progresses.