Juniper Hotels IPO : Price, Detail, GMP, Opening Date, Financial Report and More

Juniper Hotels Limited began its journey in September 1985, specializing in luxury hotel development and ownership. Presently, the company manages seven hotels and serviced apartments with a combined total of 1,836 rooms. These establishments, located in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi, are renowned for their luxury and upscale offerings. Notably, Grand Hyatt Mumbai Hotel and Residences stand out as India’s largest luxury hotel.

Juniper Hotels operates through a partnership between Saraf Hotels Ltd and Two Seas Holdings Ltd, an affiliate of Hyatt Hotels Corporation, combining local expertise with international hospitality standards. Their hotels have received prestigious awards, such as the “Best Luxury Business Hotel in Delhi” and the “Best 5 Star Hotel in Gujarat.”

The company’s revenue has shown significant growth, increasing from ₹1,663.51M in Fiscal 2021 to ₹6,668.54M in Fiscal 2023. Additionally, they manage 116 serviced apartments in Grand Hyatt Mumbai and 129 in Hyatt Delhi.

As of September 30, 2023, Juniper Hotels employed a total of 1,631 permanent employees, while the CHPL Group had 362 permanent employees, totalling 1,993 employees.

Key Points Regarding Juniper Hotels IPO

IPO DateFebruary 16, 2024 to February 20, 2024
Price Band₹342 to ₹360 per share
Face ValueRs 10 per share
Lot Size40 Shares
Total Issue Size50,000,000 shares
(aggregating up to ₹1,800.00 Cr)
Listing DateWednesday, February 28, 2024
Listing AtBSE, NSE

 Juniper Hotels IPO Details

  • Offering Details: Juniper Hotels plans to raise Rs 1,800.00 crores through its IPO, offering a fresh issue of 5 crore shares.
  • Subscription Period: Investors can subscribe to the Juniper Hotels IPO from February 21 to February 23, 2024.
  • Allotment Date: The allotment of shares is anticipated to be finalized by February 26, 2024, ensuring fair distribution.
  • Listing Platforms: The IPO is set to list on both the BSE and NSE, with trading expected to commence on February 28, 2024.
  • Price Range: Shares in the IPO are priced between ₹342 to ₹360 per share, giving investors a range to consider based on their preferences.
  • Investment Criteria: Retail investors can begin with a minimum investment of ₹14,400, purchasing a minimum lot size of 40 shares. For super non-institutional investors (sNII), the recommended investment is 14 lots (560 shares), totaling ₹201,600, while for big non-institutional investors (bNII), it is 70 lots (2,800 shares), amounting to ₹1,008,000.

Juniper Hotels Limited Financial Information

Juniper Hotels Limited saw a substantial increase in revenue, jumping by 108.66%, and the profit after tax (PAT) also surged by 99.2% between the financial years ending March 31, 2023, and March 31, 2022. (Amount in ₹ Crore)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax-26.50-1.50-188.03-199.49
Net Worth859.67354.51356.37543.90
Reserves and Surplus687.17210.81212.67400.20
Total Borrowing2,252.752,045.612,121.811,830.48

Contact Details

Juniper Hotels Limited
Off Western Express Highway
Santacruz East,
Mumbai 400 055,
Phone: + 91 22 6676 1000
Email: [email protected]

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