Juniper Hotels Limited

CLOSED

IPO Date: 21 Feb - 23 Feb 2024

Listing Date: 28 Feb 2024

Price Range

₹342 to ₹360 per share

Issue Size

1800 Cr

Min Investment

13,680

Lot Size

40 Shares

Schedule of Juniper Hotels Limited

Issue open date

21 Feb 2024

Issue close date

23 Feb 2024

UPI mandate deadline

23 Feb 2024 (5 PM)

Allotment finalization

26 Feb 2024

Share credit

27 Feb 2024

Listing date

28 Feb 2024

Mandate end date

10 Mar 2024

Issue size

Funds Raised in the IPOAmount
Overall1800 Cr
Fresh Issue0 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date26 Feb 2024
Allotment Link{Link}

Grey Market PremiumNew

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIpo PriceGMPEstimated Listing Price
28 Feb 20243600360 (0%)
27 Feb 20243600360 (0%)
26 Feb 20243600360 (0%)
25 Feb 20243600360 (0%)
24 Feb 20243600360 (0%)
23 Feb 20243602362 (0.56%)
22 Feb 20243603363 (0.83%)
21 Feb 20243605365 (1.39%)
20 Feb 20243608368 (2.22%)
19 Feb 20243605365 (1.39%)
18 Feb 202436010370 (2.78%)

Performance Juniper Hotels Limited

Issue PriceListing GainCurrent Market PriceP/L
₹342 to ₹360 per share 1805 (11.53%) 278.5-22.64%

About Juniper Hotels Limited

Incorporated in September 1985, Juniper Hotels Limited 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.The company's hotels and serviced apartments in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi are landmarks in the luxury, upper upscale and upscale categories. Grand Hyatt Mumbai Hotel and Residences is India's largest luxury hotel, while Hyatt Regency Lucknow and Hyatt Regency Ahmedabad are the biggest upper upscale hotels in their respective markets. Finally, Hyatt Raipur is the only upper upscale hotel in Raipur.Juniper Hotels is co-owned by Saraf Hotels Ltd and Two Seas Holdings Ltd, an affiliate of Hyatt Hotels Corporation, forming a strategic partnership between a hotel developer and an international hospitality company.The company has been honored with several awards, including the "Best Luxury Business Hotel in Delhi" at the Today's Traveller Awards in 2022 for Andaz Delhi, and the "Best 5 Star Hotel in Gujarat" at the Gujarat Tourism Awards in 2022 for Hyatt Regency Ahmedabad.The revenue from operations increased from ₹1,663.51M in Fiscal 2021 to ₹3,086.89M in Fiscal 2022 and ₹6,668.54M in Fiscal 2023.As of Sep 30, 2023, the company has 116 serviced apartments in Grand Hyatt Mumbai and 129 serviced apartments in Hyatt Delhi.As of September 30, 2023, the company had a total of 1,631 permanent employees. The CHPL Group had a total of 362 permanent employees. Together, they had a total of 1,993 employees.

Founded in1985
Managing director
Parent organization

Financial Overview

Strengths

    Risks

      Subscription Figures

      CategorySubscription (No. of times)
      Qualified Institutional Buyers (QIBs)3.11
      Non-Institutional Investors (NIIs)0.89
      Retail Individual Investors (RIIs)1.31
      EmployeeN/A
      Total2.18