Juniper Hotels IPO

Incorporated in September 1985, Juniper Hotels Limited is a luxury hotel development and ownership company. As of September 30, 2023, the company operates seven hotels and serviced apartments with a total of 1,836 rooms. The company's hotels and serviced apartments in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi are landmarks in the luxury, upper upscale and upscale categories. Grand Hyatt Mumbai Hotel and Residences is India's largest luxury hotel, while Hyatt Regency Lucknow and Hyatt Regency Ahmedabad are the biggest upper upscale hotels in their respective markets. Finally, Hyatt Raipur is the only upper upscale hotel in Raipur. Juniper Hotels is co-owned by Saraf Hotels Ltd and Two Seas Holdings Ltd, an affiliate of Hyatt Hotels Corporation, forming a strategic partnership between a hotel developer and an international hospitality company.

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Juniper Hotels IPO is a book built issue of Rs 1,800.00 crores. The issue is entirely a fresh issue of 5 crore shares. Juniper Hotels IPO opens for subscription on February 21, 2024 and closes on February 23, 2024. The allotment for the Juniper Hotels IPO is expected to be finalized on Monday, February 26, 2024. Juniper Hotels IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, February 28, 2024. Juniper Hotels IPO price band is set at ?342 to ?360 per share. The minimum lot size for an application is 40 Shares. The minimum amount of investment required by retail investors is ?14,400. The minimum lot size investment for sNII is 14 lots (560 shares), amounting to ?201,600, and for bNII, it is 70 lots (2,800 shares), amounting to ?1,008,000. Read more

Check out some recent financials figures of the company:

How do I apply for the Juniper Hotels IPO?

You can apply for the Juniper Hotels IPO using any supported UPI app by following two steps:

• Enter your bid on rocket
• Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account.