Incorporated in 1976, Juniper Hotels Limited is a luxury hotel development and ownership company. It is jointly held by Saraf Hotels and its affiliate, Juniper Investments and Two Seas Holdings (an indirect subsidiary of Hyatt Hotels Corporation). The company operates a portfolio of 7 hotels and serviced apartments and operates a total of 1,836 keys.
Juniper has a presence across six strategic cities in India, comprising Mumbai, Delhi, Ahmedabad, Lucknow, Raipur and Hampi. The company’s hotels and serviced apartments are classified under three categories: (a) luxury – the Grand Hyatt Mumbai Hotel and Residences and Andaz Delhi; (b) upper upscale – the Hyatt Delhi Residences, Hyatt Regency Ahmedabad, Hyatt Regency Lucknow and Hyatt Raipur; and (c) upscale – Hyatt Place Hampi.
The hotel sector is likely to benefit from (a) the increased use of hotels for leisure, weddings and social travel, (b) rising urbanisation and access to infrastructure, (c) changing demographics, and (d) evolving attitudes towards recreation, entertainment, wellness and lifestyle.
Juniper Hotels Limited IPO Details
Juniper Hotels Limited IPO Date
Retail investors can bid for the Juniper Hotels Limited IPO. The bidding dates for the IPO have been scheduled for February 21, 2024, to February 23, 2024.
Juniper Hotels Limited IPO Price Band
Juniper Hotels Limited is a fresh issue of ₹1,800 crore. It is a book-building issue. The price range has been set at ₹342 to ₹360 per share.
Juniper Hotels Limited IPO Lot Size
The lot size of the IPO is 40 shares minimum investment of Juniper Hotels Limited's IPO will be ₹14,400.
Juniper Hotels Limited IPO Objectives
The objectives of the offer are listed below:
- Repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings.
- General corporate purposes.
Peer Details
As per DRHP, Juniper Hotels Limited has 4 listed peers.
- Chalet Hotels Limited
- Lemon Tree Hotels Limited
- The Indian Hotels Company Limited
- EIH Limited
How To Check the Allotment Status of the Juniper Hotels Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
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Contact Details of Juniper Hotels Limited
Registered office: 9 Off Western Express Highway, Santacruz East, Mumbai 400055, Maharashtra, India
Phone: + 91 22 6676 1000
E-mail: complianceofficer@juniperhotels.com
IPO Financials
| Particulars | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|
| Total Income | 7,172.88 | 3,437.55 |
| Profit After Tax (PAT) | (14.97) | (1,880.31) |
| Total Assets | 30,202.68 | 30,698.61 |
| Total Liabilities | 26,657.61 | 27,134.94 |
Know before investing
Strengths
2The company is strengthening returns by having multiple revenue streams and complementary offerings. It introduced complementary revenue-generating streams at its hotels. It benefited from revenue contribution from areas like serviced apartments, restaurants, MICE services and other services to ensure optimal utilisation of available resources.
The company witnessed a consistent growth in average occupancy to 75.74% in FY 2023 from 34.23% in FY 2021.
Risks
2The company is exposed to risks arising from the failure to maintain the quality and hygiene standards of the food and beverages. It will adversely affect its F&B Revenue, overall business and financial performance.
The company is exposed to risks arising from changing customer preferences and failure in compliance.
