Juniper Hotels IPO GMP, Latest Subscription Status, Other Details

Juniper Hotels IPO bidding process started today February 21. The Juniper Hotels IPO subscription window will remain open for three days until February 23, from 10 am to 5 pm.

Juniper Hotels IPO Subscription Status

As of 11:12 am on the first day of bidding, the Juniper IPO was subscribed 0.04 times. The retail category has seen a subscription of 0.22 times, while the Non-Institutional Investors saw a subscription of 0.02 times. As the numbers suggest the Juniper Hotels IPO is off to a slow start.

Juniper Hotels IPO Details

This mainboard IPO by Juniper Hotels aims to raise ₹1,800 crore through a fresh issuance of 5 crore shares. The Juniper IPO price band is set at ₹342 to ₹360 per share, with a minimum lot size for an application being 40 shares. Retail investors can participate with a minimum investment of ₹14,400. For non-institutional investors (NII), the minimum lot size investment is 14 lots (560 shares), amounting to ₹201,600, while for qualified institutional buyers (QIB), it is 70 lots (2,800 shares), totalling ₹10,08,000.

Juniper Hotels IPO GMP

Juniper Hotels IPO GMP is currently reported at ₹8. With the upper price band at ₹360, Juniper Hotels IPO's estimated listing price is ₹368, reflecting around 2.2% premium. It's important to understand that while IPO GMPs can offer insights into market sentiment regarding an IPO, they shouldn't be the sole determinant of the stock's performance upon listing.

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Juniper Hotels Company Details

Established in September 1985, Juniper Hotels Limited has become a prominent player in the luxury hotel space. As of September 30, 2023, the company oversees the operations of seven hotels and serviced apartments, offering a combined total of 1,836 rooms.

The properties managed by Juniper Hotels, located in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi, are acknowledged landmarks in the luxury, upper upscale, and upscale categories. Notably, Grand Hyatt Mumbai Hotel and Residences holds the distinction of being India’s largest luxury hotel, while Hyatt Regency Lucknow and Hyatt Regency Ahmedabad claim the title of the largest upper upscale hotels in their respective markets. Additionally, Hyatt Raipur stands out as the only upper upscale hotel in Raipur.

The ownership structure of Juniper Hotels involves Saraf Hotels Ltd and Two Seas Holdings Ltd, an affiliate of Hyatt Hotels Corporation, fostering a strategic partnership between a prominent domestic hotel developer and an internationally recognized hospitality company.

Juniper Hotels Financial Snapshot

Here is a look at the company's finances for the past few years.

Particulars30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Revenue337.43717.29343.76192.85
Profit After Tax-26.50-1.50-188.03-199.49

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