Juniper Hotels IPO
The initial public offering (IPO) of Juniper Hotels will open for subscription on February 21 and close on February 23, comprising fresh issues of Rs.1,800.00 Cr. An investor can apply for the issue for a minimum of 40 shares and the listing will happen on February 28, 2024.
#1. Quick Intro to Juniper Hotels
Juniper Hotels Limited (1985) 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.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Juniper Hotels
The company intends to use the IPO Funds for the following purposes:
- Repayment/Prepayment/Redemption in full or in part of certain outstanding borrowings availed by our company and subsidiaries namely CHPL and CHHPL.
- General corporate purposes.
#3. Juniper Hotels Core Strengths
- Expertise in site selection and identifying opportunities to develop our hotels.
- A unique partnership between asset owner and operator brand backed by strong parentage.
- Robust asset management capabilities with a focus on enhancing operating efficiency and profitability.
- Increasing returns by having multiple revenue streams and complementary offerings.
- Well-positioned to benefit from Industry trends.
- Experienced and qualified board and management team.
#4. Juniper Hotels IPO Review & Rating
| Issue Size | Rs.1,800.00 Crore |
| Issue Price | Rs.342 to Rs.360 per share |
| Minimum Lot Size | 40 Shares |
| Total Profit (March 2023) | Rs.-1.50 Crore |
| ROE | – |
| ROCE | – |
| Listing on | BSE NSE |
| IPO Deliver Rating | One |
#5. Juniper Hotels IPO Dates, Price Band & Details
Juniper Hotels IPO will open on February 21, 2024, and close on February 23, 2024. The IPO is to be listed on February 28, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs.1,800.00 Crore |
| Price Brand | Rs.342 to Rs.360 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | February 21, 2024 |
| IPO Close Date | February 23, 2024 |
| IPO Allotment Date | February 26, 2024 |
| Refund Date | February 27, 2024 |
| Share Credit Date | February 27, 2024 |
| Listing Date | February 28, 2024 |
#6. Juniper Hotels IPO Offer Details
Juniper Hotels IPO’s total issue size is 50,000,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 50,000,000 | 1,800.00 |
| Offer for Sale (OFS) | – | – |
#7. Juniper Hotels Financials Overview (Crore)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 717.29 | 343.76 | 192.85 |
| Net Worth | 354.51 | 356.37 | 543.90 |
| Profit | -1.50 | -188.03 | -199.49 |
| Total Borrowings | 2,045.61 | 2,121.81 | 1,830.48 |
#8. Juniper Hotels Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | -0.10 | -13.08 | -13.88 |
| RoNW (%) | -0.42 | -52.76 | -36.68 |
| NAV (Rs.) | 24.67 | – | – |
#9. Juniper Hotels Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in millions) |
RoNW (%) | NAV (Rs.) |
| Chalet Hotels Limited | 11,284.67 | 11.89 | 75.19 |
| Lemon Tree Hotels Limited | 8,749.90 | 9.94 | 17.86 |
#10. Juniper Hotels Company Promoters
The company has four promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Arun Kumar Saraf |
| 02. | Saraf Hotels Limited |
| 03. | Two Seas Holdings Limited |
| 04. | Juniper Investments Limited |
#11. Juniper Hotels Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 100.00 |
| Post-issue | 77.53 |
#12. Juniper Hotels IPO Reservation Details
Juniper Hotels IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Shares Offered | 5,000,000 (10.00%) |
| QIB Shares Offered | 15,000,000 (30.00%) |
| NII (HNI) Shares Offered | 7,500,000 (15.00%) |
| Anchor Investor Shares Offered | 22,500,000 (45.00%) |
| bNII>Rs.10L | 5,000,000 (10.00%) |
| sNII<Rs.10L | 2,500,000 (10.00%) |
| Total Shares Offered | 50,000,000 (100%) |
#13. Juniper Hotels IPO – Lot Size
An investor can apply for a minimum of 40 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 40 | 14,400 |
| Retail (Max.) | 13 | 520 | 187,200 |
| S-HNI (Min.) | 14 | 560 | 201,600 |
| S-HNI (Man.) | 69 | 2,760 | 993,660 |
| B-HNI (Min.) | 70 | 2,800 | 1,008,000 |
#14. Juniper Hotels IPO – Prospectus Copy
An investor can download/view the Juniper Hotels prospectus copy, which the company filed to exchange, details are as follows.
| Juniper Hotels IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Juniper Hotels IPO Registrar
ICICI Securities Limited
Phone No.: +91-22-68077100
E-Mail: juniperhotels.ipo@icicisecurities.com
Website: www.icicisecurities.com
#16. Juniper Hotels IPO Lead Manager
- JM Financial Limited
- CLSA India Private Limited
#17. Juniper Hotels IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Juniper Hotels IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Juniper Hotels Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Juniper Hotels Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Juniper Hotels Company Details
Juniper Hotels Limited
Registered Office: Off Western Express Highway, Santacruz East, Mumbai 400055, Maharashtra, India
Phone No: +91-22-66761000
Email: complianceofficer@juniperhotels.com
Website: www.juniperhotels.com
Investor Grievances/Compliance Officer: Sandeep L. Joshi
#19. Juniper Hotels Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | Chartered Hotels Private Limited |
| 02. | – |
#20. Juniper Hotels Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Arun Kumar Saraf |
| 02. | Namita Saraf |
Juniper Hotels IPO – Frequently Asked Questions (FAQs)
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#1. What is a Juniper Hotels IPO? Juniper Hotels brings its IPO of Rs.1,800.00 Crore, on February 21, 2024, with a price band of Rs.342 to Rs.360 per share. |
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#2. What is the Juniper Hotels IPO Open date? Juniper Hotels IPO’s opening date is February 21, 2024. |
| #3. What is the Juniper Hotels IPO Close Date?
Juniper Hotels IPO’s closing date is February 23, 2024. |
| #4. What is the Juniper Hotels IPO Listing date?
Juniper Hotels’s IPO listing date is February 28, 2024. |
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#5. What is the Juniper Hotels IPO Minimum investment amount? Juniper Hotels IPO’s minimum investment amount is Rs. 14,400. |
| #6. What is the Juniper Hotels IPO offer issue Size?
Juniper Hotels offers an issue size of Rs.1,800.00 Crore. |
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#7. What is the Juniper Hotels IPO Price Band? Juniper Hotels’s IPO price band is Rs.342 to Rs.360 per share. |
| #8. Is Juniper Hotels IPO mainboard IPO or SME IPO?
Juniper Hotels IPO is a Mainboard IPO. |
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