Discover the latest buzz in the investment world with the highly anticipated Juniper Hotels IPO! Act fast to secure your slice of the profits as this opportunity won’t last long. With an enticing price band and promising growth prospects, learn how you can capitalize on this exciting venture.
Juniper Hotels IPO
Juniper Hotels Limited is gearing up for its initial public offering (IPO) as reported earlier, scheduled to kick off on February 21 and run until February 23. The company aims to raise funds through the issuance of fresh shares, with a price band set between ₹342 to ₹360 per equity share.
Investors interested in participating in the Juniper Hotels IPO can subscribe between February 21 and February 23. The pricing range for the shares has been established at ₹342-360 per share. The company seeks to raise ₹1,800 crore from the offering, intending to utilize the proceeds to settle existing debts, including those incurred from recent acquisitions—CHPL and CHHPL.
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Offer Details
Interested investors can bid for a minimum of 40 shares, with increments of 40 thereafter. Juniper Hotels, as of September 30, 2023, holds the distinction of being the largest owner of Hyatt-affiliated hotels in India. Additionally, its portfolio includes seven hotels and serviced apartments. Despite reporting a net loss of ₹1.5 crore in FY23, a notable improvement from the previous year’s ₹188 crore loss, the company remains optimistic about its prospects.
The Juniper Hotels IPO is being managed by JM Financial, CLSA India, and ICICI Securities, with Kfin Technologies serving as the registrar. The company’s promoters include Arun Kumar Saraf, Saraf Hotels, Two Seas Holdings, and Juniper Investments.
The basis of allotment for the IPO is slated to be finalized by February 26. As Juniper Hotels embarks on this significant milestone, investors eagerly anticipate the opportunity to partake in the company’s growth journey.
Bhaarat Bulletin’s Shikha Rai, Bimal Dev, and BSE/NSE have contributed to the above report
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