Juniper Hotels Limited is a luxury hotel development and ownership company. 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 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:
- Luxury – the Grand Hyatt Mumbai Hotel and Residences and Andaz Delhi;
- Upper upscale – the Hyatt Delhi Residences, Hyatt Regency Ahmedabad, Hyatt Regency Lucknow and Hyatt Raipur; and
- Upscale – Hyatt Place Hampi.
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.
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.
Juniper Hotels IPO – Details
| IPO Opening Date | 21 February 2024 |
| IPO Closing Date | 23 February 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5,00,00,000 Shares Worth ₹1800 Crore Fresh Issue: 5,00,00,000 Shares Worth ₹1800 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹342 – ₹360 |
| Market Lot | 40 Shares |
| Min Order | 40 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | KFin Technologies Limited |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Juniper Hotels IPO – Date Schedule
| IPO Open Date | 21 February 2024 |
| IPO Close Date | 23 February 2024 |
| Basis of Allotment Date | 26 February 2024 |
| Initiation of Refund | 27 February 2024 |
| Credit of Shares to Demat Account | 27 February 2024 |
| IPO Listing Date | 28 February 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 23 February 2024 |
Juniper Hotels IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹14,400 |
| Retail (Max) | 13 | 520 | ₹1,87,200 |
| S-HNI (Min) | 14 | 560 | ₹2,01,600 |
| S-HNI (Max) | 69 | 2,760 | ₹9,93,600 |
| B-HNI (Min) | 70 | 2,800 | ₹10,08,000 |
Competitive Strengths
- Expertise in site selection and identifying opportunities to develop our hotels;
- Unique partnership between asset owner and operator brand backed by strong parentage;
- Robust asset management capabilities with a focus on enhancing operating efficiency and profitability;
- Increasing returns by having multiple revenue streams and complementary offerings;
- Well positioned to benefit from industry trends; and
- Experienced and qualified board and management team.
Company Promoters
- Arun Kumar Saraf
- Saraf Hotels Limited
- Two Seas Holdings Limited
- Juniper Investments Limited
Company Financials (Restated Consolidated)
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 192.85 | 462.25 | -199.48 | 1,830.48 |
| 31 March 2022 | 343.75 | 557.85 | -188.03 | 2,121.81 |
| 31 March 2023 | 717.28 | 742.80 | -1.49 | 2,045.61 |
| 30 September 2023 | 337.43 | 383.96 | -26.50 | 2,252.75 |
Key Performance Indicator
| KPI | Values |
|---|---|
| RoNW | -0.42 |
Object Of The Issue
- Repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings availed by the Company and its recent acquisitions, namely CHPL and CHHPL; and
- General corporate purposes.
Juniper Hotels IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | Chalet Hotels Limited | 84.37 |
| 2 | 10 | Lemon Tree Hotels Limited | 95.52 |
| 3 | 1 | The Indian Hotels Company Limited | 66.78 |
| 4 | 2 | EIH Limited | 58.71 |
Juniper Hotels IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 77.53% |
Juniper Hotels IPO Prospectus
Company Contact Information
| Juniper Hotels Limited Off Western Express Highway Santacruz East, Mumbai 400 055, Phone: + 91 22 6676 1000 Email: complianceofficer@juniperhotels.com Website: http://www.juniperhotels.com/ |
Juniper Hotels IPO Registrar
| KFin Technologies Limited Phone: +91 40 6716 2222 Email: jhl.ipo@kfintech.com Website: https://rti.kfintech.com/ipostatus/ |
Juniper Hotels IPO Lead Manager(s)
| 1. JM Financial Limited 2. CLSA India Private Limited 3. ICICI Securities Limited |
Juniper Hotels IPO FAQs
| What is Juniper Hotels IPO? Juniper Hotels IPO is a main-board IPO. The issue is priced at ₹342 to ₹360 per equity share. The IPO is to be listed on BSE & NSE. |
| When Juniper Hotels IPO will open? The IPO is to open on 21 February 2024 for QIB, NII, and Retail Investors. |
| What is Juniper Hotels IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| How to Apply the Juniper Hotels IPO? You can apply Juniper Hotels IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Juniper Hotels IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Juniper Hotels”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Juniper Hotels IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Juniper Hotels“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Juniper Hotels IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Juniper Hotels”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Juniper Hotels IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Juniper Hotels”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Juniper Hotels IPO Size? Juniper Hotels IPO size is ₹1800.00 Crore. |
| What is Juniper Hotels IPO Price Band? Juniper Hotels IPO Price Band is ₹342 to ₹360. |
| What is Juniper Hotels IPO Minimum and Maximum Lot Size? The minimum bid is 40 Shares with ₹14,400 amount while the maximum bid is 520 Shares with ₹1,87,200. |
| What is the Juniper Hotels IPO Allotment Date? Juniper Hotels IPO allotment date is 26 February 2024. |
| What is the Juniper Hotels IPO Listing Date? Juniper Hotels IPO listing date is 28 February 2024. The IPO is to list on BSE and NSE. |
