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Juniper Hotels IPO
Price Band
₹342.0–360.0
Issue Size
₹1800.0 Cr
Lot Size
40 shares
Min Investment
₹14,400
GMP
—
Issue Price
₹360.0
Juniper Hotels IPO AI Summary
- Juniper Hotels IPO is listed on BSE, NSE in the Hotels & Resorts sector.
- Price band: ₹342.0–₹360.0 per share, lot size 40 shares (min. investment ₹14,400).
- Subscription window: 21 Feb–23 Feb 2024, listing on 28 Feb 2024.
Juniper Hotels Limited is set to launch its IPO with a price band of ₹342.0 to ₹360.0, aiming to raise ₹1,800 Cr. The company has shown significant revenue growth but continues to report losses. Investors should consider their risk tolerance and the company's financial health before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Juniper Hotels IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 23 Feb 2024 — not a current signal.
5 of 8 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Juniper Hotels IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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. The company has been honored with several awards, including the "Best Luxury Business Hotel in Delhi" at the Today's Traveller Awards in 2022 for Andaz Delhi, and the "Best 5 Star Hotel in Gujarat" at the Gujarat Tourism Awards in 2022 for Hyatt Regency Ahmedabad. The revenue from operations increased from ₹1,663.51M in Fiscal 2021 to ₹3,086.89M in Fiscal 2022 and ₹6,668.54M in Fiscal 2023. As of Sep 30, 2023, the company has 116 serviced apartments in Grand Hyatt Mumbai and 129 serviced apartments in Hyatt Delhi. As of September 30, 2023, the company had a total of 1,631 permanent employees. The CHPL Group had a total of 362 permanent employees. Together, they had a total of 1,993 employees.
Company Financials (₹ Cr)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 3,837.83 | 3,020.27 | 3,069.86 | 3,055.54 |
| Total Income | 337.43 | 717.29 | 343.76 | 192.85 |
| Profit After Tax | -26.50 | -1.50 | -188.03 | -199.49 |
| NET Worth | 859.67 | 354.51 | 356.37 | 543.90 |
| Reserves and Surplus | 687.17 | 210.81 | 212.67 | 400.20 |
| Total Borrowing | 2,252.75 | 2,045.61 | 2,121.81 | 1,830.48 |
Key Ratios
NAV
₹24.67
RoNW
-0.42%
Market Cap
₹8010.09 Cr
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Eih Ltd. | 55.52 | 9.48% | 58.71 | 5.03 | 5.03 |
| The Indian Hotels Company Limited | 60.84 | 12.18% | 66.78 | 7.06 | 7.06 |
| Lemon Tree Hotels Ltd | 17.86 | 9.94% | 95.52 | 1.45 | 1.45 |
| Chalet Hotels Ltd | 75.19 | 11.89% | 84.37 | 8.94 | 8.94 |
| Juniper Hotels Limited This IPO | 24.67 | -0.42% | — | -0.1 | -0.1 |
Promoters
Arun Kumar Saraf, Saraf Hotels Ltd., Two Seas Holdings Ltd. and Juniper Investments Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment/prepayment/redemption, in full or in part,of certain outstanding borrowings availed by the Company and the recent acquisitions, namely CHPL and CHHPL 1,500.00 2 General corporate purposes 233.08
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Revenue from operations increased significantly from ₹1,663.51 Cr in Fiscal 2021 to ₹3,086.89 Cr in Fiscal 2022, and further to ₹6,668.54 Cr in Fiscal 2023. This shows a strong upward trend in revenue over the three fiscal years.
Profit Trend
The company reported a loss of ₹199.49 Cr in Fiscal 2021, which improved to a loss of ₹188.03 Cr in Fiscal 2022. By Fiscal 2023, the loss narrowed further to ₹1.50 Cr. This indicates a trend of improving financial performance, although the company has not yet achieved profitability.
Valuation
At the issue price of ₹360.0, Juniper Hotels Limited has an implied P/E ratio that is not directly calculable from the provided data, as the company currently reports a negative EPS. In comparison, peers in the hotel sector are trading at P/E ratios ranging from 58.71 to 95.52.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. Grey market premium (GMP) indicates the expected listing price of an IPO based on demand in this unofficial market. A positive GMP suggests strong demand, while a negative or low GMP indicates weak demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth prospects, market position, and financial health. It's important to consider the overall market conditions and the company's performance history.
Who May Want to Wait
Investors with a low risk tolerance or those seeking immediate returns may want to avoid this IPO, especially given the company's current losses and the potential for market fluctuations.
IPO Timeline, Explained
The IPO opens for subscription on February 21, 2024, and closes on February 23, 2024. Allotment of shares will be done on February 26, 2024, and the listing is expected to occur on February 28, 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit made by selling shares on the listing day at a higher price than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance. Investors should be aware of the risks involved in seeking quick profits.
This evaluation is generated from Juniper Hotels's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Juniper Hotels IPO?
The price band of Juniper Hotels IPO is ₹342.0–₹360.0 per share.
When does Juniper Hotels IPO open and close?
Juniper Hotels IPO opens on 21 February 2024 and closes on 23 February 2024.
When does Juniper Hotels IPO list on the stock exchange?
Juniper Hotels IPO listed on 28 February 2024 at ₹360.0.
What is the lot size for Juniper Hotels IPO?
The lot size for Juniper Hotels IPO is 40 shares, requiring a minimum investment of ₹14,400.
What is the lot size for this IPO?
The lot size for Juniper Hotels' IPO is 40 shares.
What is the minimum investment required?
The minimum investment required is ₹14,400.
What is the price band for the IPO?
The price band for the IPO is ₹342.0 to ₹360.0.
When will the IPO be listed?
The IPO is expected to be listed on February 28, 2024.
What does GMP mean?
GMP stands for grey market premium, which indicates the expected listing price of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
21 Feb 2024
Close
23 Feb 2024
Allotment
26 Feb 2024
Listing
28 Feb 2024
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