Juniper Hotels IPO
Juniper Hotels IPO — date, price band, lot size & details 2024
Juniper Hotels listed on 28 Feb 2024 at ₹365, 1.4% above the ₹360 issue price.
Juniper Hotels is a luxury hotel development and ownership company and the largest owner of Hyatt-affiliated hotels in India by keys. It operated 1,836 keys on 30 September 2023.
Stock price
Juniper Hotels is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 21 Feb 2024
- Close 23 Feb 2024
- Allotment 26 Feb 2024
- Refund/credit 27 Feb 2024
- Listing 28 Feb 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 21 to 23 Feb, 2024 |
|---|---|
| Price Band | ₹342 – ₹360 |
| Face Value | ₹10 |
| Lot Size | 40 Shares |
| Issue Size | ₹1800 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,400 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 40 shares at the ₹360 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 40 | ₹14,400 |
| Retail (max) | 13 | 520 | ₹1,87,200 |
| S-HNI (min) | 14 | 560 | ₹2,01,600 |
| S-HNI (max) | 69 | 2,760 | ₹9,93,600 |
| B-HNI (min) | 70 | 2,800 | ₹10,08,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 192.85 crore in FY2021 to Rs 717.29 crore in FY2023 as travel recovered.
- 02The whole Rs 1,800 crore issue was fresh capital, with Rs 1,500.00 crore for repaying debt.
- 03It is the largest owner of Hyatt-affiliated hotels in India, with 1,836 keys.
- 04Its partnership with a Hyatt affiliate, which holds 50% of the shares, gives access to Hyatt's brand and systems.
- 05The loss narrowed from Rs 199.49 crore in FY2021 to Rs 1.50 crore in FY2023.
Risks · 5
- 01The company made losses in every period shown, including Rs 26.50 crore in the six months to 30 September 2023.
- 02Total borrowing was Rs 2,252.75 crore on 30 September 2023.
- 03With losses, the P/E was negative, and the market value at Rs 360 was Rs 8,010.09 crore.
- 04Luxury hotel demand falls sharply in downturns, as seen when income was Rs 192.85 crore in FY2021.
- 05Promoters held 100% before the issue and 77.53% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Juniper Hotels offer document.
| Metric | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 3,837.83 | 3,020.27 | 3,069.86 | 3,055.54 |
| Total Income | 337.43 | 717.29 | 343.76 | 192.85 |
| Profit After Tax | -26.50 | -1.50 | -188.03 | -199.49 |
| NET Worth | 859.67 | 354.51 | 356.37 | 543.90 |
| Reserves and Surplus | 687.17 | 210.81 | 212.67 | 400.20 |
| Total Borrowing | 2,252.75 | 2,045.61 | 2,121.81 | 1,830.48 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Juniper Hotels RHP.
Where the money goes
₹1,733.08 Cr of the issue is earmarked to named objects.
About the company
It has a portfolio of seven hotels and serviced apartments, and operated 1,836 keys across the luxury, upper upscale and upscale categories in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur and Hampi on 30 September 2023. Its properties include Grand Hyatt Mumbai Hotel and Residences.
It is co-owned by Saraf Hotels and Two Seas Holdings, an affiliate of Hyatt Hotels Corporation.
The IPO was Rs 1,800 crore and was entirely fresh issue. Rs 1,500.00 crore was planned for repaying borrowings of the company and its recently acquired companies.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Juniper Hotels IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
125 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
ICICI Securities
133 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
CLSA India Pvt. Ltd
9 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: Star Health and Allied Insurance Company (-6.1%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Juniper Hotels?
The current Grey Market Premium is ₹5, or 1% over the issue price.
What is the Juniper Hotels IPO price band?
₹342 to ₹360, on a face value of ₹10.
When is the allotment?
The basis of allotment is 26 February 2024, with listing on 28 February 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
