Juniper Hotels IPO10 things to know before opening

The Initial Public Offering (IPO) for Juniper Hotels Ltd, understood for its high-end hotel advancements throughout India, is set to open for membership on Wednesday, February 21.

As described in the Red Herring Prospectus (RHP), Juniper Hotels runs high end hotels in significant Indian cities like Mumbai, Delhi, and Ahmedabad, to name a few.

The business boasts a considerable portfolio, handling 1,836 secrets throughout 7 hotels and serviced homes since September 30, 2023. A notewrothy element of Juniper’s operations is its longstanding collaboration with Hyatt Hotels Corporation, showing a robust structure in the hospitality market.

In regards to monetary efficiency, Juniper Hotels has actually seen development, with revenue after tax (PAT) rising by 99.2 percent and profits increasing by 1086.6 percent in between March 31, 2022, and March 31, 2023.

Secret information about Juniper Hotels IPO

Opening and closing dates – The IPO opens for membership on February 21 and closes on February 23.

Rate band – The rate band for the IPO is set in between Rs 342 to Rs 360 per equity share.

Lot size – The lot size for the IPO is 40 equity shares, with multiples of 40 shares afterwards.

Anchor financiers – Allocation to anchor financiers is set up for February 20.

Concern information – The Rs 1,800 crore IPO makes up entirely a fresh problem, with no offer-for-sale part.

Utilisation of earnings -The net profits from the IPO will be utilized for basic business functions and payment of impressive loanings.

Listing date – Tentatively, shares are anticipated to be noted on BSE and NSE on February 28, with allocation completion on February 26.

Lead supervisor and registrar – Kfin Technologies Limited is the registrar for the IPO, while JM Financial Limited, CLSA India Private Limited, and ICICI Securities Limited function as the book running lead supervisors.

Booking od shares – The IPO reserves 75 percent of shares for Qualified Institutional Buyers (QIB), 15 percent for Non-Institutional Investors (NII), and 10 percent for Retail Investors.

newest GMP – The most current Grey Market Premium (GMP) for Juniper Hotels IPO stands at Rs 8, last upgraded on February 20th, 2024, at 06:02 PM. Thinking about the rate band of Rs 360.00, the approximated listing rate for Juniper Hotels IPO is Rs 368 (upper rate limitation + today’s GMP). This recommends an anticipated gain of 2.22 percent per share.