Juniper Hotels Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹342 - ₹360
- Lot size
- 40 shares
- Issue amount
- ₹1,800 cr
- Total subscription
- 2.18×
- Opens
- 21 Feb 2024
- Closes
- 23 Feb 2024
- Allotment
- 26 Feb 2024
- Listing
- 28 Feb 2024
Offer at a glance
Issue overview
- Issue size
- 5,00,00,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹13,680
- Fresh issue
- ₹1,800 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,400
- Issue type
- Book Built Issue IPO
- Shares before issue
- 17,25,02,384
- Shares after issue
- 22,25,02,384
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 40 | ₹14,400 |
| sHNI | 14 | 560 | ₹2,01,600 |
| bHNI | 70 | 2,800 | ₹10,08,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 540 | 1,681.6 |
| RETAIL | 180 | 235.36 |
| NIB | 270 | 240.2 |
| HNIs 2+ | 90 | 45.23 |
| HNIs 10+ | 180 | 194.97 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| EPS | -0.1 | -13.08 | -13.88 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | -0.42 | -52.76 | -36.68 |
| PRE IPO(PE) | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in September 1985, Juniper Hotels Limited is a leading luxury hotel development and ownership company, operating seven hotels and serviced apartments with a total of 1,836 rooms across Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi. Notable properties include Grand Hyatt Mumbai Hotel and Residences, India’s largest luxury hotel, along with Hyatt Regency Lucknow and Ahmedabad, the largest upper upscale hotels in their respective markets, and Hyatt Raipur, the only upper upscale hotel in Raipur. Co-owned by Saraf Hotels Ltd and Two Seas Holdings Ltd (an affiliate of Hyatt Hotels Corporation), Juniper Hotels benefits from a strong strategic partnership between a premier hotel developer and an international hospitality giant. Recognized for excellence, the company has received awards such as "Best Luxury Business Hotel in Delhi" at the Today’s Traveller Awards 2022 for Andaz Delhi and "Best 5-Star Hotel in Gujarat" at the Gujarat Tourism Awards 2022 for Hyatt Regency Ahmedabad. As of September 30, 2023, Juniper Hotels employed 1,631 permanent staff, while the CHPL Group (including Saraf Hotels Ltd) had an additional 362 employees, bringing the total workforce to 1,993. With a strong presence in India's hospitality sector, Juniper Hotels continues to set industry benchmarks in luxury and service excellence.
Strengths
- Smart Location Choices: The company selects prime hotel locations with strong demand, ensuring high occupancy and profitability.
- Strong Partnerships: A unique collaboration between hotel owners and leading operator brands, supported by a reliable parent company, strengthens its competitive edge.
- Smart Asset Management: A well-structured property management approach focused on efficiency, profitability, and sustainable long-term growth.
- Multiple Income Sources: By offering a variety of services beyond room bookings, the company secures steady revenue and adapts easily to market shifts.
- Staying Ahead of Trends: The company stays updated with new hospitality trends, using innovation and agility to remain competitive.
- Experienced Leadership: A seasoned management team with strong governance drives strategic growth and long-term success.
Risk factors
- Past Losses: The company and its subsidiaries have experienced financial losses earlier, indicating challenges in maintaining steady profitability.
- High Debt Levels: Large debt obligations demand substantial cash for repayment, potentially limiting future growth and investment opportunities.
- Loan Repayment Issues: Delays in loan repayment by the acquired subsidiary, CHPL, and the need for debt restructuring highlight financial risks that could affect overall stability.
- Potential Business Impact: Failure by CHPL to meet restructuring terms may harm the company’s cash flow, financial strength, and day-to-day operations.
- Cash Flow Concerns: Instances of negative cash flow raise questions about the company’s fund management and could create future liquidity pressures.
Promoters
Arun Kumar Saraf, & Saraf Hotels Limited
Two Seas Holdings Limited
Juniper Investments Limited.
Registrar & documents
Lead manager
Jm Financial Limited, Clsa India Private Limited, ICICI Securities Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Off Western Express Highway, Santacruz East, Mumbai 400 055
+ 91 22 6676 1000
[email protected]Company website ↗Understanding JUNIPER IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.