About Juniper Hotels Limited
Juniper Hotels Limited is launching its IPO. The opens for subscription on 21st February and will close on 23rd February 2024.
What does Juniper Hotels Limited do?
Incorporated in 1985, Juniper Hotels Limited is a luxury hotel development and ownership company. It is the largest owner, by the number of Keys of “Hyatt” affiliated hotels in India.
As of September 30, 2023, They have a portfolio of seven hotels and serviced apartments and operate 1,836 keys.
Their company is a result of a partnership of over 40 years between Saraf Hotels and affiliates of a globally recognized premier hospitality brand, Hyatt Hotels Corporation which collectively with its affiliates is called “Hyatt”.
Their hotels and serviced apartments are present across the luxury, upper upscale, and upscale categories of hotels and are established landmarks in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi. Their major hotels include Grand Hyatt Mumbai Hotel and Residences which is India’s largest luxury hotel. At the same time, Hyatt Regency Lucknow and Hyatt Regency Ahmedabad are the biggest upper upscale hotels in their respective markets.
What is the issue size of the Juniper Hotels IPO?
The entire issue size of the IPO comprises a fresh issue of 50,000,000 shares aggregating up to ₹ 1800 Cr.
Financials of Juniper Hotels Limited IPO (₹ crores)
| Financial Year | Total Assets | Total Revenue | Profit After Tax | EBITDA | EPS |
| March 31, 2021 | 3,055.54 | 192.85 | (199.49) | 22.20 | (13.88) |
| March 31, 2022 | 3,069.86 | 343.76 | (188.03) | 101.47 | (13.08) |
| March 31, 2023 | 3,020.27 | 717.29 | (1.50) | 322.36 | (0.10) |
Risk factors to consider:
Losses in the past: The Company and some of its Subsidiaries have incurred losses in the past 3 years.
Dependence on 3 key hotels: The Company derives 90% of its revenue from its three hotels/serviced apartments, namely Grand Hyatt Mumbai Hotel and Residences in Mumbai, Maharashtra, and Andaz Delhi and Hyatt Delhi Residences in New Delhi, any adverse developments affecting these hotels/serviced apartments or the regions in which they operate, could harm the business, results of operation, cash flows and financial condition.
Schedule/Timeline of Juniper Hotels Limited IPO
| Issue Period | 21st February to 23rd February 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | February 26, 2024 |
| Initiation of Refunds | February 27, 2024 |
| Credit of Shares | February 27, 2024 |
| Date of Listing | February 28, 2024 |
| Mandate end date | March 09, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | March 27, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | May 27, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Juniper Hotels Limited IPO?
You can apply for the Juniper Hotels Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the Juniper Hotels Limited IPO?
You can check the allotment status for the Juniper Hotels Limited IPO on the website of the Registrar and Transfer agent.