Juniper Hotels IPO GMP, Details, Date, Price, Allotment 2024

Juniper Hotels IPO description – Juniper Hotels Limited is coming up with its Initial public offering. The IPO will be open for subscription on February 21, 2024

Juniper Hotels IPO Details

 

Juniper Hotels IPO Dates 21 – 23 February 2024
Juniper Hotels Issue Price INR 342 – 360 per share
Fresh issue INR 1,800 crore
Offer For Sale NIL
Total IPO size INR 1,800 crore
Minimum bid (lot size) 40 Shares (INR 14,400)
Face Value  INR 10 per share
Retail Allocation 10%
Listing On BSE, NSE

 

Juniper Hotels IPO – Date Schedule

 

IPO Opening Date 21 February 2024
IPO Closing Date 23 February 2024
Finalization of Basis of Allotment 26 February 2024
Refunds Initiation 27 February 2024
Transfer of shares to demat accounts 27 February 2024
Listing Date of IPO 28 February 2024

 

 

About Company 

 

Juniper Hotels Limited, a luxury hotel development and ownership firm, is co-owned by Saraf Hotels Ltd and Two Seas Holdings Ltd, an affiliate of Hyatt Hotels Corporation, forming a strategic partnership. Operating 7 hotels and serviced apartments with 1,836 keys across Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi. 

Their properties are classified as Luxury (Grand Hyatt Mumbai Hotel and Residences, Andaz Delhi), Upper upscale (Hyatt Delhi Residences, Hyatt Regency Ahmedabad, Hyatt Regency Lucknow, Hyatt Raipur), and Upscale (Hyatt Place Hampi). 

Juniper has received prestigious awards including “Best Luxury Business Hotel in Delhi” and “Best 5 Star Hotel in Gujarat” in 2022. As of Sep 30, 2023, they have 116 serviced apartments in Grand Hyatt Mumbai and 129 in Hyatt Delhi. The company employed a total of 1,631 permanent employees, with CHPL Group having 362, summing up to 1,993 employees as of September 30, 2023.

Juniper Hotels IPO – Industry Overview 

As at September 30, 2023, India has 178k chain-affiliated hotel rooms, across segments. Supply at independent hotels is widely fragmented, with about 80% of midscale and lower positioning.

India’s share of global tourism is limited, with Foreign Tourist Arrivals (FTA) between 10.2 million and 10.6 million for Fiscals 2018-2020 (source: Ministry of Tourism, Government of India). For 2019, India had only 0.73% of global tourist arrivals (source: Ministry of Tourism, Government of India and UNWTO World Tourism Barometer, January 2020).

On the other hand, the domestic travel industry in India has been robust and continues to grow materially.  

Per WTTC estimates, the overall travel and tourism sector contributed ₹15.7 trillion to India’s economy in 2022, with expected increase to ₹16.5 trillion for 2023 and ₹37 trillion over the next ten years. The sector is expected to employ 39 million persons by the end of 2023.

FDI in the hotel and tourism sector has aggregated USD18 billion between Fiscals 2006 and 2023.

 

Juniper Hotels IPO – Financial Performance

 

FY 2022 FY 2023 H1 FY 2024
Revenue 308.69 666.85 336.11
Expenses 557.86 742.81 383.97
Net income (188.03) (1.50) (26.50)
Margin (%) (60.91) (0.22) (7.88)

Figures in INR Crores

 

Juniper Hotels IPO – Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS (13.88) (13.08) (0.10)
PE ratio
RONW (%) (36.68) (52.76) (0.42)
NAV 37.85 24.80 24.67
ROCE (%) (5.23) (3.30)
EBITDA (%) 11.51 29.52 44.94
Debt/Equity 1.72 1.93 0.86

 

Juniper Hotels IPO – Competitive Strengths

 

  • Expertise in site selection and identifying opportunities to develop our hotels;
  • Unique partnership between asset owner and operator brand backed by strong parentage;
  • Robust asset management capabilities with a focus on enhancing operating efficiency and profitability;
  • Increasing returns by having multiple revenue streams and complementary offerings;
  • Well positioned to benefit from industry trends; and
  • Experienced and qualified board and management team.

 

Object Of The Issue

 

  • Repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings availed by the Company and its recent acquisitions, namely CHPL and CHHPL; and
  • General corporate purposes.

 

Juniper Hotels IPO GMP Today

 

Date Day-wise IPO GMP Kostak Subject to Sauda
23 February 2024 5
20 February 2024 10

 Allotment link

 

Juniper Hotels IPO allotment status will be available on the  KFin Tech website. Click on this link to get allotment status.

 

Lots Size & Price

 

Application Lots Shares Amount ( Cut-Off)
Retail (Min) 1 40 14,400
Retail (Max) 13 520 1,87,200
S-HNI (Min) 14 560 2,01,600
S-HNI(Max) 69 2,760 9,93,600
B-HNI(Min) 70 2,800 10,08,000

 

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