Juniper Hotels IPO opening date: Luxury hotel development and ownership company Juniper Hotels launched an initial public offer (IPO) on February 21. The IPO opened for subscription for three trading days, till February 23 from 10 am to 5 pm. Juniper Hotels IPO is a mainboard issue of Rs 1,800 crore comprising fresh issuance of five crore shares.
Juniper Hotels IPO subscription status
On Wednesday, Juniper Hotels’s share sale received bids for 66,03,040 shares against 2,89,47,367 shares on offer. Overall, the public issue has been subscribed 23 per cent on Day 2 of the bidding process.
Category Subscription (No. of times the equity reserved)
Qualified institutional buyers
0.6
Non-institutional investors
0.14
Retail investors
0.87
Overall
0.23
Source: Exchange data
Here are some of the key details to know about the Juniper Hotels IPO:
Juniper Hotels IPO allotment date
The basis of the allotment of shares under the IPO of Juniper Hotels is set to be finalised tentatively on February 26.
Juniper Hotels IPO listing date
Juniper Hotels IPO shares are likely to be listed on stock exchanges BSE and NSE tentatively on February 28.
Juniper Hotels IPO price band
The price band for the IPO is set at Rs 342-360 per share.
Juniper Hotels IPO lot size
Potential investors will be able to bid for Jupiter Hotels shares, under the IPO, in multiples of 40 shares. This translates into Rs 13,680-14,400 per lot.
Juniper Hotels IPO review: Here’s what Anil Singhvi suggests
According to Zee Business Managing Editor Anil Singhvi, high-risk investors should subscribe to the IPO for the long term.
Here are the positives and negatives of the Juniper Hotel IPO:
Positives:
– Experienced promoters
– Strong brand of Hyatt with its equity investment
– IPO to retire 1500 Cr debt to save 170 Cr interest cost
– Strong expansion plans
– Another listed company will get merged and it will result in a bigger portfolio. Read more on Juniper Hotels IPO review by Anil Singhvi
Juniper Hotels IPO: Book-running lead managers
Jm Financial Ltd, Clsa India Pvt Ltd and ICICI Securities Ltd are the book running lead managers whereas Kfin Technologies is the registrar for the issue.
What does Juniper Hotels do?
Incorporated in 1985, Juniper Hotels is a luxury hotel development and ownership company.
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