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 0.15 times. The retail category has seen a subscription of 0.72 times, while the Non-Institutional Investors saw a subscription of 0.08 times.

Juniper Hotels IPO Details

Juniper Hotels IPO aims to raise ₹1,800 crore through a fresh issuance of 5 crore shares. The IPO price band is set at ₹342 to ₹360 per share, with a minimum lot size of 40 shares. Retail investors can participate with a minimum investment of ₹14,400, while non-institutional investors (NII) need to invest a minimum of ₹201,600 (14 lots, equivalent to 560 shares). Qualified institutional buyers (QIB) must invest at least ₹10,08,000 (70 lots, equivalent to 2,800 shares).

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Juniper Hotels IPO GMP

Juniper Hotels IPO GMP is currently reported at ₹5. It is a dip from the ₹8 reported on February 21, when the IPO opened. With the upper price band at ₹360, Juniper Hotels IPO's estimated listing price is ₹365, reflecting around 1.39% 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.

Juniper Hotels Company Details

Founded in September 1985, Juniper Hotels Limited has emerged as a key player in the luxury hotel sector. As of September 30, 2023, the company manages a portfolio of seven hotels and serviced apartments, providing a combined total of 1,836 rooms.

Juniper Hotels’ properties, strategically located in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi, are widely acknowledged as landmarks within the luxury, upper upscale, and upscale categories. Notably, the Grand Hyatt Mumbai Hotel and Residences holds the prestigious title of India's largest luxury hotel. Furthermore, both the Hyatt Regency Lucknow and Hyatt Regency Ahmedabad claim the distinction of being the largest upper upscale hotels in their respective markets. In Raipur, Hyatt Raipur stands out as the sole upper upscale hotel.

The company is owned by Saraf Hotels Ltd and Two Seas Holdings Ltd, an affiliate of Hyatt Hotels Corporation. This strategic partnership brings together a leading domestic hotel developer with an internationally acclaimed hospitality brand.

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