Juniper Hotels IPO: Check Out Price Band, Issue Size & More

Juniper Hotels opened its initial public offer (IPO) for subscription on February 21, 2024. The issue will remain open until February 23, 2024. The company has set the IPO price band between Rs 342 and Rs 360 per equity share with a face value of Rs 10. The lot size for the IPO is 40 equity shares, with subsequent multiples of 40 equity shares. The IPO, valued at Rs 1,800 crore, is a completely fresh issue, with no offer-for-sale component involved.

About the Company

Juniper Hotels, a leading luxury hotel development and ownership company, operates in the hospitality industry. Its portfolio includes seven hotels, featuring 1836 keys (which includes 245 serviced apartments), situated in strategic locations across India. Hyatt, a global hotel operator, brands and manages all the properties in Juniper Hotels’ portfolio.

Price Band

The company has set the IPO price band between Rs 342 and Rs 360 per equity share.

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Issue Size

The lot size for the IPO is 40 equity shares, with subsequent multiples of 40 equity shares. The IPO, valued at Rs 1,800 crore, is a completely fresh issue, with no offer-for-sale component involved.

IPO Reserve Portion

• Qualified Institutional Buyers (QIB): Not less than 75% of the shares in the public issue
• Non-Institutional Investors (NII): Not more than 15% of the shares
• Retail Investors: Not more than 10% of the offer

Objectives of the Issue

The company plans to utilise the net proceeds of the issue for the following purposes: General corporate purposes; full or partial repayment, prepayment, or redemption of certain outstanding borrowings incurred by the company and our recent acquisitions, Chartered Hotels Private Limited and Chartered Hampi Hotels Private Limited.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.