Juniper Hotels Limited IPO Opening on February 21, 2024, Check Price and Other Details

Juniper Hotels Limited IPO is a 100% book-build IPO. The company intends to raise Rs 1800.00 crore from the market through this IPO. Juniper Hotels has stated in its RHP that the IPO is opening on 21.02.2024. This IPO will be listed on NSE and BSE.

The company has set a price range of Rs 342 to Rs 360 per share with a lot consisting of 40 shares. If you are a retail trader, you need to invest at least Rs 14,400 and as per rules, you can invest up to Rs 2 lakh.

This IPO Book Running Lead Managers JM Financial Limited, CLSA India Private Limited, and ICICI Securities Limited. Registrar to the issue KFin Technologies Limited.

Juniper Hotels Limited IPO Details

IPO Date and Time Details

Juniper Hotels Ltd Business Overview

Juniper Hotels Limited was initially incorporated as “Seajuli Finance Private Limited” on September 16, 1985. Juniper Hotels generally operates luxury hotels, this company is associated with the hotel business. As of 30 September 2023, the company currently operates 1836 rooms of serviced apartments and seven luxury hotels. These hotels are Grand Hyatt Mumbai Hotel and Residences, Hyatt Raipur, Andaz Delhi, Hyatt Delhi Residences, Hyatt Place Hampi, Hyatt Regency Ahmedabad and Hyatt Regency Lucknow. Grand Hyatt Mumbai Hotel and Residences is India’s largest luxury five-star hotel.

Financial Performance

Board of Directors

1> Arun Kumar Saraf ( Chairman and Managing Director ) joined Since July 1, 1998

2> Namita Saraf ( Non-Executive Director )

3> David Peters ( Non-Executive Director ), 4> Elton Tze Tung Wong ( Non-Executive Director )

Independent Directors: Pallavi Shardul Shroff, Sunil Mehta, Rajiv Kaul and Avali Srinivasan.

Juniper Hotels Limited IPO Object of Issue

1> The company wants to pay off the loan.

2> general corporate purposes.

Conclusion

The IPO that Juniper Hotels has come up with is Rs 1800 crore, which is not a small IPO at all. Here we have discussed the company’s business and all the data it is understood that even though the company’s SALES is increasing, the profit is not increasing even once but PAT is in a negative position.

For example, on 30 Sep 2023, the sales of Juniper Hotels were 337.43, and expenses were 383.97 crores. This implies that the company is spending much more than what it is selling which is evident in the results every year. So if the expenses are more than the income then how will the company make a profit? And if the company can’t make a profit then how will it give you profit? So we think investing in this IPO is very risky.

• Juniper Hotels Limited:
• Off Western Express Highway
• Santacruz East, Mumbai 400 055
• Maharashtra, India
• Email: [email protected] 
• Tel: +91 2266761000 
• Website: www.juniperhotels.com

• Registrar to the Issue KFin Technologies Limited
• Selenium, Tower-B Plot No. 31 & 32,
• Gachibowli, Financial District Nanakramguda, 
• Serilingampally Hyderabad 500 032 
• Telangana, India 
• Telephone: +91 40 6716 2222 /1800 309 400 
• E-mail: [email protected]
• Website: kfintech.com/ipostatus/