Juniper Hotels IPO Date, Review, Price, Allotment Details

Juniper Hotels IPO Details: Juniper Hotels IPO date is fixed, the IPO is to hit the market on February 21. and will close on February 23. Juniper Hotels IPO to raise around ₹1800 crores via IPO that comprises fresh issue of ₹1800 crores and offer for sale up to [.] equity shares of ₹10 each. The retail quota is 10%, QIB is 75%, and HNI is 15%.
Juniper Hotels IPO

Table of Contents

Juniper Hotels is a luxury hotel development and ownership company and is the largest owner, by number of Keys of “Hyatt” affiliated hotels in India as of June 30, 2023. (source: Horwath Report) They have a portfolio of seven hotels and serviced apartments and operate a total of 1,836 keys as of the date of this Draft Red Herring Prospectus. They benefit from a unique and longstanding partnership of over 40 years between Saraf Hotels (including erstwhile and current affiliates, collectively referred to as the “Saraf Group”), a hotel developer with a strong and well-established track record in India, and affiliates of a globally recognized premier hospitality brand, Hyatt Hotels Corporation (NYSE: H) (“HHC”) (collectively with its affiliates “Hyatt”).

They are the only hotel development company in India with which Hyatt has a strategic investment. They own 20% of Hyatt group-affiliated hotel rooms in India as of June 30, 2023 (source: Horwath Report) and have extensive experience in identifying opportunities in hospitality destinations, developing high-end hotels in these locations, and nurturing them through active asset management. They are also focused on providing quality guest experience while operating our assets efficiently.


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. Besides Grand Hyatt Mumbai Hotel and Residences being the largest hotel in India, the Hyatt Regency Lucknow and Hyatt Regency Ahmedabad are the largest upper upscale hotels in their respective markets and Hyatt Raipur is the only upper upscale hotel in Raipur(source: Horwath Report).

The Company is the flagship entity for the Saraf Group, through ownership of a unique portfolio of luxury, upper upscale, and upscale hospitality assets, located in highly desirable locations across key strategic locations. Their continued strategy is to expand on their current ownership of marquee assets across India, bringing in more luxury and upscale hotels and serviced apartments into the portfolio, by consolidating the interests of Saraf Hotels and its affiliates in entities incorporated in India operating in the hospitality sector or through new opportunities, enhancing the Company as the flagship entity for the Saraf Group.


Objects of the Issue

  • Repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings availed by our Company and Subsidiaries, namely CHPL and CHHPL.
  • General corporate purposes.

Juniper Hotels IPO Review (Apply or Not)

  • May Apply

Juniper Hotels IPO Date & Price Band Details

IPO Open:February 21, 2024
IPO Close:February 23, 2024
IPO Size:Approx ₹1800 Crores
Fresh Issue:Approx ₹1800 Crores
Offer for Sale:Approx ₹[.] Crores
Face Value:₹10 Per Equity Share
IPO Price Band:₹342 to ₹360 Per Share
IPO Listing on:BSE & NSE
Retail Quota:10%
QIB Quota:75%
 NII Quota:15%
Discount:N/A
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

Juniper Hotels IPO Market Lot

The Juniper Hotels IPO minimum market lot is 40 shares with ₹14,400 application amount. The retail investors can apply up-to 13 lots with 520 shares or ₹187,200 amount.

ApplicationLot SizeSharesAmount
Retail Minimum140₹14,400
Retail Maximum13520₹187,200
S-HNI Minimum14560₹201,600
B-HNI Minimum702,800₹1,008,000

Juniper Hotels IPO Allotment & Listing Dates

The Juniper Hotels IPO date is February 21 and the close date is February 23. The Juniper Hotels IPO allotment will be finalized on February 26 and the IPO listing on February 28.

Anchor Investors Allotment:February 20, 2024
IPO Open Date:February 21, 2024
IPO Close Date:February 23, 2024
Basis of Allotment:February 26, 2024
Refunds:February 27, 2024
Credit to Demat Account:February 27, 2024
IPO Listing Date:February 28, 2024

You can check IPO subscription status and IPO allotment status on their respective pages.

Juniper Hotels IPO Form

How to apply for the Juniper Hotels IPO? You can apply for Juniper Hotels IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Juniper Hotels IPO in the Invest section. The other option is you can apply for Juniper Hotels IPO via IPO forms downloaded via NSE and BSE. Check out the Juniper Hotels forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.


Juniper Hotels Company Financial Report

  ₹ in Crores
YearRevenueExpensePAT
2021₹192.85₹462.26₹199.49
2022₹343.76₹557.86₹188.03
2023₹717.29₹742.80₹1.50
Sep 2023₹337.43₹389.97₹26.50

Juniper Hotels IPO Valuation – FY2023

Check Juniper Hotels IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):-₹0.10 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):0.42%
Net Asset Value (NAV):₹24.67 per Equity Share

Peer Group

  • Chalet Hotels Limited
  • Lemon Tree Hotels Limited
  • The Indian Hotels Company Limited
  • EIH Limited

Company Promoters

  • Arun Kumar Saraf

Juniper Hotels IPO Registrar

KFin Technologies Limited
Telephone : +91 40 6716 2222/ 1800 309 4001
Email: [email protected]
Website : www.kfintech.com

Juniper Hotels IPO Allotment Status Check

Check Juniper Hotels IPO allotment status on KFin Technologies website allotment URL. Click Here

Juniper Hotels IPO Lead Managers aka Merchant Bankers

  • JM Financial Limited
  • CLSA India Private Limited
  • ICICI Securities Limited

Company Address

Juniper Hotels Limited
Off Western Express Highway,
Santacruz East, Mumbai 400 055,
Maharashtra, India;
Phone :+ 91 22 6676 1000
E-mail: [email protected]
Website: www.juniperhotels.com

Juniper Hotels IPO FAQs

What is Juniper Hotels IPO?

Juniper Hotels IPO is a main-board IPO. They are going to raise ₹1800 Crores via IPO. The issue is priced at ₹342 to ₹360 pr equity share. The IPO is to be listed on BSE & NSE.

When Juniper Hotels IPO will open?

The IPO is to open on February 21, 2024 for QIB, NII, and Retail Investors.

What is Juniper Hotels IPO Investors Portion?

The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.

How to Apply the Juniper Hotels IPO?

You can apply for 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 Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Juniper Hotels”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Juniper Hotels IPO through Upstox?

Log in to the 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 Paytm Money?

Log in to Paytm Money 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 Paytm Money.

What is Juniper Hotels IPO Size?

Juniper Hotels IPO size is ₹1800 crores.

What is Juniper Hotels IPO Price Band?

Juniper Hotels IPO Price Band is ₹342 to ₹360.

What is the Juniper Hotels IPO Allotment Date?

Juniper Hotels IPO allotment date is February 26, 2024.

What is the Juniper Hotels IPO Listing Date?

Juniper Hotels IPO listing date is February 28, 2024. The IPO is to list on BSE and NSE.

Note: The Juniper Hotels IPO price band and date are officially announced. The IPO grey market premium (Juniper Hotels IPO Premium) will be added to the IPO grey market page as it will start).
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