Juniper Hotels IPO: Check IPO Date & Details

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Juniper Hotels Limited, a prominent player in the luxury hotel industry, is set to launch its Initial Public Offering (IPO) with a total issue size of Rs 1,800.00 crores. This book-built issue consists entirely of a fresh issue of 5 crore shares. Investors have an opportunity to subscribe to the IPO from February 21, 2024, to February 23, 2024, with the tentative listing date fixed as February 28, 2024. Let’s delve into the details to determine whether Juniper Hotels IPO is a smart investment choice.

Company Overview:

Incorporated in September 1985, Juniper Hotels Limited has established itself as a luxury hotel development and ownership company. With seven hotels and serviced apartments boasting a total of 1,836 rooms across key locations like Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi, Juniper Hotels is recognized for its presence in the luxury, upper upscale, and upscale categories.

Objects of the Issue:

The IPO aims to raise funds for specific purposes, including the repayment/prepayment/redemption of outstanding borrowings and meeting general corporate requirements.

IPO Price Band and Lot Size:

The IPO price band is set at ₹342 to ₹360 per share, with a minimum lot size of 40 shares. Retail investors can invest a minimum of ₹14,400, and the maximum lot size is 13, amounting to ₹187,200. Super High Net Worth Individuals (S-HNI) can invest a minimum of ₹201,600 (14 lots) and a maximum of ₹993,600 (69 lots). Big High Net Worth Individuals (B-HNI) have a minimum investment of ₹1,008,000 (70 lots).

The IPO timeline is as follows:

✔ Opening Date: February 21, 2024

✔ Closing Date: February 23, 2024

✔ Allotment Date: February 26, 2024

✔ Refund Initiation: February 27, 2024

✔ Shares Credited to Demat: February 27, 2024

✔ Listing Date: February 28, 2024

Lead Managers and Registrar:

Jm Financial Limited, Clsa India Private Limited, and ICICI Securities Limited are the book running lead managers, while Kfin Technologies Limited is the registrar for the Juniper Hotels IPO.

Investment Recommendation:

Considering Juniper Hotels’ strong presence in the luxury hotel segment, recent financial performance, and strategic acquisitions, the IPO appears to be an attractive investment opportunity. However, investors are advised to carefully review the Risk Factors mentioned in the Red Herring Prospectus (RHP) before making investment decisions.