IPO Details
Bidding Dates
21 Feb 24 - 23 Feb 24
Price Range ₹
342 - 360
Total Equity
₹ 1800.00Cr
Lot Size
40
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
1.28×
Qualified Institutional Buyers
2.96×
Employees
0.00×
Retail Investors
1.28×
Total subscription Rate
2.08×
IPO Timeline
Offer start
21 Feb 2024
Offer end
23 Feb 2024
Allotment
26 Feb 2024
Refund initiation
27 Feb 2024
Demat transfer
27 Feb 2024
Listing
28 Feb 2024
Offer start
21 Feb 2024
Offer end
23 Feb 2024
Allotment
26 Feb 2024
Refund initiation
27 Feb 2024
Demat transfer
27 Feb 2024
Listing
28 Feb 2024
About Company
Incorporated in September 1985, Juniper Hotels Limited is a luxury hotel development and ownership company. As of September 30, 2023, the company operates seven hotels and serviced apartments with a total of 1,836 rooms. The company's hotels and serviced apartments in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi are landmarks in the luxury, upper upscale, and upscale categories. Grand Hyatt Mumbai Hotel and Residences is India's largest luxury hotel, while Hyatt Regency Lucknow and Hyatt Regency Ahmedabad are the biggest upper upscale hotels in their respective markets. Finally, Hyatt Raipur is the only upper upscale hotel in Raipur.
Year Founded
16-09-1985
Promotor Details
Arun Kumar Saraf
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 77.53 |
| Share Capital | 172502384 | 172502384 |
Offer to Public
5,00,00,000.00 Cr
Project Details
- General corporate purposes - 2330.84cr
- Repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings availed by - 15000cr
Objectives
- Repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings availed by our Company and our recent acquisitions, namely CHPL and CHHPL.General corporate purposes.
Highlights
- Juniper Hotels Limited strategically places its properties in key cities like Mumbai, Delhi, and Ahmedabad, offering prime locations for business and leisure travelers.
- With properties in the luxury, upper upscale, and upscale categories, Juniper Hotels provides a diverse range of luxurious accommodations catering to various preferences and budgets.
- Co-owned by Saraf Hotels Ltd and Two Seas Holdings Ltd, an affiliate of Hyatt Hotels Corporation, Juniper Hotels benefits from a strategic partnership with an international hospitality giant, enhancing its brand reputation and operational capabilities.
- The company has received prestigious awards such as the "Best Luxury Business Hotel in Delhi" and the "Best 5 Star Hotel in Gujarat," reflecting its commitment to excellence and customer satisfaction.
- Juniper Hotels has demonstrated significant revenue growth over the years, indicating its strong performance and potential for further expansion and profitability.
Challenges
- The hospitality industry is highly competitive, with numerous players vying for market share. Juniper Hotels must continuously innovate and differentiate itself to stay ahead in the competitive landscape.
- The hotel industry is sensitive to economic fluctuations, including changes in consumer spending patterns and business travel trends. Economic downturns can impact occupancy rates and revenue for Juniper Hotels.
- Managing a large portfolio of hotels and serviced apartments comes with operational complexities, including maintenance, staffing, and ensuring consistent service quality across all properties.
- uniper Hotels' performance may be influenced by fluctuations in the tourism industry, including geopolitical events, natural disasters, and travel restrictions, which can affect demand for accommodations.
- With a sizable workforce spread across its properties, Juniper Hotels must effectively manage human resources to ensure employee satisfaction, retention, and productivity, which are crucial for delivering exceptional guest experiences.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 2,91,669.88 | 14,370.00 | -9,818.21 | -9,818.21 | -6.8324 |
| 2022 | 29,903.55 | 1,437.00 | -19,948.51 | -19,948.51 | -13.8821 |
| 2021 | 2,99,749.94 | 14,370.00 | -149.76 | -149.76 | -0.1042 |
| 2020 | 3,10,953.78 | 14,370.00 | -149.76 | -149.76 | -0.1042 |
| 2024 | 4,12,313.06 | 22,250.24 | -19,948.51 | -19,948.51 | -13.8821 |
