How To Check Juniper Hotels IPO Allotment Status

Juniper Hotels IPO bidding process started on February 21 and closed on February 23. The Juniper Hotels IPO total subscription stood at 2.08 times

If you applied for the IPO, here is how you can check the Juniper Hotels IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Juniper IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Select IPO" and choose "Juniper Hotels" from the dropdown menu.
  3. Then you can enter your PAN, application number, or Demat.
  4. Enter the captcha and click Submit to retrieve the Juniper IPO allotment status

Checking IPO Allotment Status on BSE:

  1. Go to the BSE website.
  2. Click on the ‘Equity' section and select "Juniper Hotels" from the dropdown menu.
  3. Enter your application number or PAN.
  4. Click on the ‘Search' button.
  5. The result will show the number of shares allotted to you.

If all the details are entered correctly and the allotment has been finalised, the Juniper Hotels IPO allotment status will be visible.

Juniper Hotels IPO Subscription Status

The IPO was oversubscribed overall at 2.08 times, with lukewarm interest across all investor categories. Qualified institutional bidders subscribed 2.96 times, while retail investors subscribed 1.28 times. However, the allocation for non-institutional investors was undersubscribed, with only 85% of the portion booked.

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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).

Juniper Hotels IPO GMP

Juniper Hotels IPO GMP is currently reported at ₹0-₹2. It is a dip from the high of ₹8 reported on February 21, when the IPO opened. Juniper IPO GMP has seen a sharp correction following the dull bidding for the issue. 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

Established in September 1985, Juniper Hotels Limited has solidified its position as a prominent player in the luxury hotel industry. Managing a diverse portfolio of seven hotels and serviced apartments as of September 30, 2023, the company offers a total of 1,836 rooms to discerning guests.

Strategically situated in key locations such as Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi, Juniper Hotels’ properties are renowned landmarks in the luxury, upper upscale, and upscale segments. Noteworthy among these is the Grand Hyatt Mumbai Hotel and Residences, boasting the distinction of being India’s largest luxury hotel. Additionally, both the Hyatt Regency Lucknow and Hyatt Regency Ahmedabad hold the title of the largest upper upscale hotels in their respective markets, further highlighting Juniper Hotels’ commitment to offering unparalleled hospitality experiences. In Raipur, the Hyatt Raipur stands out as the sole upper upscale hotel, catering to the discerning needs of travellers in the region.

The ownership structure of Juniper Hotels involves Saraf Hotels Ltd and Two Seas Holdings Ltd, an affiliate of Hyatt Hotels Corporation, coming together in a strategic partnership.

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