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Juniper Hotels IPO

Juniper Hotels IPO

  • Status: Closed
  • RHP:
  • ₹ 13,680 / 40 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    28 Feb 2024

  • Listing Price

    ₹361.20

  • Listing Change

    0.33%

  • Last Traded Price

    ₹342.00

IPO Details

  • Open Date

    21 Feb 2024

  • Close Date

    23 Feb 2024

  • IPO Price Range

    ₹ 342 to ₹ 360

  • IPO Size

    ₹ 1800 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    28 Feb 2024

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IPO Timeline

Juniper Hotels IPO Subscription Status

Last Updated: 15 March 2024 10:33 AM by 5Paisa

Juniper Hotels IPO is set to open from 21st February to 23rd February 2024. The company operates in the space of a luxury hotel development and ownership. The IPO includes a fresh issue of 50,000,000 shares worth ₹1800.00 cr. The share allotment date is 26th February 2024, and the IPO will be listed on 28th February 2024 on the stock exchanges. The price band is set at ₹342 to ₹360 and the lot size is 40 shares.   

JM Financial Limited, CLSA India Private Limited, and ICICI Securities Limited are the book-running lead managers for this IPO, while KFin Technologies Limited is the registrar. 

Objectives of the Juniper Hotels IPO:

• To repay or prepay in full or part the borrowings obtained by the company as well as its recently acquired companies CHPL and CHHPL.
• General corporate purposes.

Juniper Hotels IPO Video:

 

Established in 1985, Juniper Hotels operates in the space of luxury hotel development and ownership. It is jointly held by Saraf Hotels and its affiliates, Juniper Investments and Two Seas Holdings. The company also holds the position of the largest owner, by the number of Keys of “Hyatt” affiliated hotels in the country as of September 2023. 

Juniper Hotels has a portfolio of 162 seven hotels and serviced apartments with a total key number of 1,836 as of September 2023. The company has long-standing relations with Saraf Hotels and it is the only company in India that has affiliation with Hyatt Hotels Corporation. As of September 2023, Juniper Hotels owned 19.6% of Hyatt group-affiliated hotel rooms and apartments in the country. It has a presence across different segments such as luxury, upper upscale and upscale via hotels in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur and Hampi.

Peer Comparison
    • Chalet Hotels Limited
    • Lemon Tree Hotels Limited
    • EIH Limited
    • The Indian Hotels Company Limited

For More Information:
Webstory on Juniper Hotels

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 666.85 308.68 166.35
EBITDA 322.36 101.46 22.20
PAT -1.49 -188.03 -199.48
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 3020.26 3069.86 3055.53
Share Capital 143.70 143.70 143.70
Total Borrowings 2665.76 2713.49 2511.64
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 286.44 -36.44 53.57
Net cash from / (used in) investing activities 27.70 -63.08 -7.80
Net cash flow from / (used in) financing activities -310.79 90.24 -41.48
Net increase (decrease) in cash and cash equivalents 3.34 -9.28 4.28
       


Strengths

1. The company has expertise in site selection and identifying opportunities to develop hotels.
2. It has a unique partnership between asset owner and operator brand backed by strong parentage.
3. It has robust asset management capabilities with a focus on enhancing operating efficiency and profitability.
4. The company enjoys increasing returns by having multiple revenue streams and complementary offerings.
5. It is well-positioned to benefit from industry trends.
6. Experienced Promoters and professional senior management team.

Risks

1. The company and its certain subsidiaries have incurred losses in the past.
2. It has substantial indebtedness which requires significant cash flows to service.
3. The revenue is highly dependent on three hotels/serviced apartments in Mumbai (Maharashtra) and New Delhi.
4. The company has reported negative cash flows.
5. The business is capital-intensive with high working capital requirements. 
6. The business can be adversely impacted by competition.

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FAQs

Juniper Hotels IPO opens from 21st February to 23rd February 2024.

Juniper Hotels IPO size is ₹1800.00 cr.

To apply for the IPO, follow the steps given below
    • Login to your 5paisa account and select the issue in the current IPO section    
    • Enter the number of lots and the price at which you wish to apply for the Juniper Hotels Limited IPO.   
    • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.

The price band of Juniper Hotels IPO is set at ₹342 to ₹360 per share.

The minimum lot size is 40 shares and the minimum investment required to apply for Juniper Hotels IPO is ₹13,680.

Juniper Hotels IPO share allotment date is 26th February 2024.

Juniper Hotels IPO will be listed on 28th February 2024.

JM Financial Limited, CLSA India Private Limited, and ICICI Securities Limited are the book-running lead managers for Juniper Hotels IPO.

Juniper Hotels will use proceeds for:
• To repay or prepay in full or part the borrowings obtained by the company as well as its recently acquired companies CHPL and CHHPL.
• General corporate purposes.