Juniper Hotels IPO opens on February 21. 10 things to know about Rs 1,800 cr offer

The initial public offering (IPO) of Juniper Hotels will open for subscription on February 21. This issue will close on 23 February. The company is planning to raise around Rs 1800 crore through a public offering. Here are 10 things to know about Juniper Hotels IPO before subscribing to the issue



1) What is the business overview of Juniper Hotels?

Juniper Hotels is co-owned by Saraf Hotels and Two Seas Holdings, an affiliate of a leading global hospitality entity, Hyatt Hotels Corp. It operates as a luxury hotel development and ownership enterprise and owns 20% of the total 1836 Hyatt-affiliated keys. India by June 2023. The company manages a diverse portfolio that includes seven hotels and serviced apartments.

2) What is Juniper Hotels’ Industry Overview?

The hotel sector’s GDP contribution is estimated to be $40 billion in 2022, projected to grow to $1 trillion by 2047. Economic development initiatives and investments across India will benefit and support the demand for hotel rooms and services.

3) What is the size of Juniper Hotels IPO?

The IPO is entirely fresh equity of Rs 1,800 crore, with no offer for sale (OFS) component.

4) What is the price band for Juniper Hotels IPO?

Juniper Hotels has set a price range of Rs 342-360 per share for its maiden public offering. Investors can bid for 40 shares in one lot and then for a number of shares thereafter.

5) What is the structure of Juniper Hotels IPO?

About 75% of the IPO is reserved for qualified institutional buyers, 15% for non-institutional investors, and the remaining 10% for retail investors.

6) How is the financial performance of Juniper Hotels?

For fiscal 2023, revenue from operations grew 116% to Rs 667 crore from Rs 309 crore a year ago. Net loss declined to Rs 1.5 crore in FY2023 from Rs 188.03 crore in FY2022.

7) What are the objectives of Juniper Hotels IPO?

The Company proposes to utilize the net proceeds of Rs 1,500 crore for the full or partial repayment, prepayment or redemption of certain outstanding borrowings (including payment of interest accrued thereon) taken by the Company and its subsidiaries and for general corporate Is. Objective.

8) What is the current GMP of Juniper Hotels?

According to market analysts, the current GMP of Juniper Hotels in the unlisted market is Rs 0.

9) Who is the book-running lead manager for Juniper Hotels IPO?

JM Financial, CLSA India, and ICICI Securities are the book-running lead managers, and Kfin Technologies is the registrar to the offer.

10) When is the share allotment and listing date of Juniper Hotels IPO?

The share allotment for the IPO will be finalized on February 26 and the estimated listing date is February 28.