Juniper Hotels IPO: All You Need to Know

About the Juniper Hotels Ltd

According to the Horwath Report, Juniper Hotels ranks as the third largest owner by room inventory among major private investors. Additionally, Juniper Hotels possesses the second largest geographic coverage and the largest aggregate inventory of upper-tier branded serviced apartments in Mumbai and New Delhi, with a focus on active asset management. The portfolio spans seven hotels and serviced apartments across India.

As of September 30, 2023, following the CHPL (Chartered Hotels Private Limited) Acquisition, Juniper Hotels’ holdings comprise 1,836 keys, including 245 serviced apartments across prominent metro cities, emerging business hubs, and upcoming tourist destinations in India. The network spans 1.33 million sq. ft. in land area, encompassing seven hotels and serviced apartments in six cities: Mumbai, New Delhi, Ahmedabad, Lucknow, Raipur, and Hampi.

Objects of The Issue:

• Repayment/Prepayment/Redemption of certain outstanding borrowings.
• General corporate purposes.

Overview:

As of September 30, 2023, Juniper Hotels has emerged as a dominant force in India’s luxury hospitality sector, boasting the largest portfolio of “Hyatt” affiliated properties nationwide. With a collection of seven establishments comprising 1,836 keys, our presence commands significant industry attention. Our success is deeply rooted in a longstanding 40-year partnership between Saraf Hotels and Hyatt Hotels Corporation, a strategic alliance that has propelled us to the forefront of the market.

With ownership of 19.6% of Hyatt-affiliated hotel rooms and apartments in India, our company stands as a testament to unparalleled industry expertise. Beyond mere ownership, our strategic focus extends to identifying and capitalizing on prime hospitality opportunities, crafting high-end establishments, and ensuring unparalleled guest experiences through effective asset management.

Spanning luxury, upper upscale, and upscale segments, our properties serve as esteemed landmarks in key cities such as Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi. Notably, the Grand Hyatt Mumbai Hotel and Residences holds the distinction of being India’s largest luxury hotel, while the Hyatt Regency Lucknow and Hyatt Regency Ahmedabad rank as premier upper upscale offerings in their respective markets. Additionally, the Hyatt Raipur stands as the exclusive upper upscale destination in Raipur. (Source: Horwath Report)

Pros and Strengths:

• Expertise in site selection and hotel development.
• Robust asset management capabilities.
• Diversified revenue streams and complementary offerings.
• Positioned to benefit from industry trends such as economic growth and increasing disposable incomes.

Risks and Concerns:

• Historical losses and substantial indebtedness limit operational freedom.
• CHPL’s past loan repayment delays and restructuring pose financial risks.
• Dependency on revenue from Mumbai and New Delhi properties leaves business vulnerable to regional challenges.
• Past and potential future related-party transactions may raise governance concerns.

Juniper Hotels Limited IPO Tentative Timetable:

IPO Activity	Date
IPO Open Date	February 21, 2024
IPO Close Date	February 23, 2024
Basis of Allotment Date	February 26, 2024
Refunds Initiation	February 27, 2024
A credit of Shares to Demat Account	February 27, 2024
IPO Listing Date	February 28, 2024

Retail Individual Investor IPO Lot Size:

Application	Lots	Shares	Amount
Minimum	1	40	₹ 14,400
Maximum	13	520	₹ 187,200

Juniper Hotels Limited IPO FAQs:

When will the Juniper Hotels Ltd IPO open?

Juniper Hotels IPO will open for subscription on Wednesday, 21st February 2024, and closes on Friday, 23rd February 2024.

What is the price band of Juniper Hotels Ltd IPO?

The price band for Juniper Hotels Ltd IPO is Rs. 342-360/share.

What is the lot size for the Juniper Hotels Ltd IPO?

Retail investors can subscribe to the IPO minimum lot size is 40 shares, up to a maximum of 13 lots i.e. Rs. 1,87,200/-.

What is the issue size of Juniper Hotels Ltd IPO?

The total issue size is ~ Rs. 1,800Cr.

When will the basis of allotment be out?

Allotment will be finalized on February 26th and refunds will be initiated by February 27th. Shares allotment will be credited in Demat accounts by February 27th.

What is the listing date of Juniper Hotels Ltd’s IPO?

The tentative listing date of the Juniper Hotels IPO is February 28th, 2024.

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