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Juniper Hotels Limited IPO

Juniper Hotels Limited IPO

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Listed Price: ₹ 365.00 (+1.39%)

Juniper Hotels Limited's completed its IPO journey with a successful listing on NSE, BSE on 28-02-2024. The public offering mobilized 5,00,00,000 Shares in total capital, comprising 5,00,00,000 Shares in fresh equity.

The offering was conducted within the price band of ₹342 to ₹360, with minimum application lots of 40 shares. Investor participation during the 21-02-2024 to 23-02-2024 subscription window determined the final allocation pattern.

The basis of allotment was announced on 26-02-2024, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.

Juniper Hotels IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Juniper Hotels IPO Key Performance Indicator
Company Financials ( In Crores )

Juniper Hotels IPO About Company

Founded in September 1985, Juniper Hotels Limited is a leading luxury hotel development and ownership company, operating seven hotels and serviced apartments with a total of 1,836 rooms across Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi. Notable properties include Grand Hyatt Mumbai Hotel and Residences, India’s largest luxury hotel, along with Hyatt Regency Lucknow and Ahmedabad, the largest upper upscale hotels in their respective markets, and Hyatt Raipur, the only upper upscale hotel in Raipur. Co-owned by Saraf Hotels Ltd and Two Seas Holdings Ltd (an affiliate of Hyatt Hotels Corporation), Juniper Hotels benefits from a strong strategic partnership between a premier hotel developer and an international hospitality giant. Recognized for excellence, the company has received awards such as "Best Luxury Business Hotel in Delhi" at the Today’s Traveller Awards 2022 for Andaz Delhi and "Best 5-Star Hotel in Gujarat" at the Gujarat Tourism Awards 2022 for Hyatt Regency Ahmedabad. As of September 30, 2023, Juniper Hotels employed 1,631 permanent staff, while the CHPL Group (including Saraf Hotels Ltd) had an additional 362 employees, bringing the total workforce to 1,993. With a strong presence in India's hospitality sector, Juniper Hotels continues to set industry benchmarks in luxury and service excellence.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Juniper Hotels IPO Strength Factors

  1. Smart Location Choices : The company selects prime hotel locations with strong demand, ensuring high occupancy and profitability.
  2. Strong Partnerships : A unique collaboration between hotel owners and leading operator brands, supported by a reliable parent company, strengthens its competitive edge.
  3. Smart Asset Management : A well-structured property management approach focused on efficiency, profitability, and sustainable long-term growth.
  4. Multiple Income Sources : By offering a variety of services beyond room bookings, the company secures steady revenue and adapts easily to market shifts.
  5. Staying Ahead of Trends : The company stays updated with new hospitality trends, using innovation and agility to remain competitive.
  6. Experienced Leadership : A seasoned management team with strong governance drives strategic growth and long-term success.

Juniper Hotels IPO Risk Factors

  1. Past Losses : The company and its subsidiaries have experienced financial losses earlier, indicating challenges in maintaining steady profitability.
  2. High Debt Levels : Large debt obligations demand substantial cash for repayment, potentially limiting future growth and investment opportunities.
  3. Loan Repayment Issues : Delays in loan repayment by the acquired subsidiary, CHPL, and the need for debt restructuring highlight financial risks that could affect overall stability.
  4. Potential Business Impact : Failure by CHPL to meet restructuring terms may harm the company’s cash flow, financial strength, and day-to-day operations.
  5. Cash Flow Concerns : Instances of negative cash flow raise questions about the company’s fund management and could create future liquidity pressures.

Juniper Hotels IPO Lead Manager(s)

  • Jm Financial Limited
  • Clsa India Private Limited
  • ICICI Securities Limited

Juniper Hotels IPO Promoter(s)

  1. Arun Kumar Saraf, & Saraf Hotels Limited
  2. Two Seas Holdings Limited
  3. Juniper Investments Limited.



Juniper Hotels IPO Company Details

Juniper Hotels Limited
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Juniper Hotels IPO Registrar

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