Juniper Hotels IPO: 10 Key Things to Know Before Subscribing to ₹1,800-Crore Issue

Ronit Kawale
Ronit Kawale - Senior Editor
3 Min Read

Juniper Hotels IPO is set to open for subscription on February 21 and will close on February 23, with a price band of ₹342 to ₹360 per equity share. The IPO aims to raise ₹1,800 crore for general corporate purposes and debt repayment, targeting a tentative listing date of February 28.

Key Points to Consider:

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  1. Company Overview: Juniper Hotels Ltd operates in the luxury hotel development and ownership sector, with properties in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi.
  2. IPO Dates: The subscription period for Juniper Hotels IPO is from February 21 to February 23.
  3. Price Band: The IPO price band is set at ₹342 to ₹360 per equity share of face value ₹10.
  4. Lot Size: The lot size for Juniper IPO is 40 equity shares, with multiples of 40 shares thereafter.
  5. Anchor Investors: Allocation to anchor investors is scheduled for February 20.
  6. Issue Composition: The IPO comprises a fresh issue only, with no offer-for-sale component.
  7. IPO Objectives: The net proceeds from the issue will be utilized for general corporate purposes and the repayment of certain outstanding borrowings, including recent acquisitions.
  8. Listing Details: The basis of allotment will be finalized on February 26, with refunds initiated on February 27. Shares are expected to be credited to the demat accounts on the same day. The tentative listing date on BSE and NSE is February 28.
  9. Lead Manager and Registrar: Kfin Technologies Limited is the registrar for the IPO, while the book running lead managers are JM Financial Limited, CLSA India Private Limited, and ICICI Securities Limited.
  10. Reservation: The IPO has reserved at least 75% of shares for Qualified Institutional Buyers (QIB), up to 15% for Non-Institutional Investors (NII), and a maximum of 10% for Retail Investors.

Grey Market Premium (GMP): The current GMP for Juniper IPO is +8, indicating a premium of ₹8 in the grey market. Considering the upper end of the price band, the estimated listing price is ₹368, a 22.2% premium over the IPO price of ₹360.

‘Grey market premium’ reflects investors’ willingness to pay more than the issue price and can influence subscription interest.

Investors are advised to carefully consider these factors before subscribing to the Juniper Hotels IPO.

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