Juniper Hotels Limited is a distinguished luxury hotel development and ownership company poised to embark on an Initial Public Offering (IPO). Renowned for its exquisite properties and impeccable service, Juniper Hotels IPO aims to expand its portfolio and enter the public market, offering investors a chance to be part of its esteemed legacy.
| Item | Detail |
|---|---|
| IPO Open Date | February 21, 2024 |
| IPO Closed Date | February 23, 2024 |
| Issue Amount | Rs. 1,800.00 crores |
| Number of Shares | 5 crore shares |
| IPO Subscription Period | February 21, 2024 - February 23, 2024 |
| Allotment Date | February 26, 2024 |
| Listing Date | February 28, 2024 |
| IPO Price Band | Rs. 342 to Rs. 360 per share |
| Minimum Lot Size | 40 shares |
| Listing Exchange | BSE, NSE |
| Lead Managers | Jm Financial Limited, CLSA India Private Limited, and ICICI Securities Limited |
| Registrar | Kfin Technologies Limited |
Checkout the List of Upcoming IPO.
Juniper Hotels is set to debut on the Indian stock market through an Initial Public Offering (IPO) of Rs. 1,800.00 crores, offering 5 crore shares. The IPO price band is Rs. 342 to Rs. 360 per share.
The minimum lot size is 40 shares, requiring a minimum investment of Rs. 14,400 for retail investors. sNII requires a minimum of 14 lots (560 shares), amounting to RS. 201,600, and bNII requires 70 lots (2,800 shares), amounting to Rs. 1,008,000.
Jm Financial Limited, CLSA India Private Limited, and ICICI Securities Limited are the book-running lead managers, while Kfin Technologies Limited is the registrar.
Juniper Hotels Limited, established in September 1985, is a luxury hotel development and ownership company. By September 30, 2023, the company had seven hotels and serviced apartments, totaling 1,836 rooms, across Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi.
These properties span the luxury, upper upscale, and upscale categories. Notably, 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.
With co-owners Saraf Hotels Ltd and Two Seas Holdings Ltd, an affiliate of Hyatt Hotels Corporation, the company has formed a strategic partnership that blends hotel development with international hospitality expertise. This partnership has led to various accolades, including the "Best Luxury Business Hotel in Delhi" for Andaz Delhi at the Today's Traveller Awards 2022 and the "Best 5 Star Hotel in Gujarat" for Hyatt Regency Ahmedabad at the Gujarat Tourism Awards 2022.
| Item | Detail |
|---|---|
| IPO Open Date | Wednesday, February 21, 2024 |
| IPO Close Date | Friday, February 23, 2024 |
| Basis of Allotment | Monday, February 26, 2024 |
| Initiation of Refunds | Tuesday, February 27, 2024 |
| Credit of Shares to Demat | Tuesday, February 27, 2024 |
| Listing Date | Wednesday, February 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 23, 2024 |
Here are the RK SWAMY IPO strengths and weaknesses -
| Particulars | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Assets | 3,055.54 | 3,069.86 | 3,020.27 | 3,837.83 |
| Revenue | 192.85 | 343.76 | 717.29 | 337.43 |
| Profit After Tax | -199.49 | -188.03 | -1.50 | -26.50 |
| Net Worth | 543.90 | 356.37 | 354.51 | 859.67 |
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An IPO also known as initial pulic offering or stock launch is a process when a private company sale its shares to public for the first time. Learn more about IPO at our knowledge centre.
A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.
IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.
Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.
You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.
IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.
Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.
Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.
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