Juniper Hotels IPO 2024: GMP, Price, Lot Size, Allotment Status, Date and More

News: Juniper Hotels Limited, a prominent luxury hotel development and ownership company, is all set to make its debut in the stock market with its Initial Public Offering (IPO). In this article, we’ll break down the essential details about the Juniper Hotels IPO, making it easy for you to understand.

Key Information

1. IPO Dates

• Subscription Period: The Juniper Hotels IPO opens for subscription on February 21, 2024, and closes on February 23, 2024.
• Allotment Date: The allotment for the Juniper Hotels IPO is expected to be finalized on Monday, February 26, 2024.
• Listing Date: Juniper Hotels IPO will list on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) with a tentative listing date fixed as Wednesday, February 28, 2024.

2. Issue Details

• Issue Size: The IPO is a book-built issue of Rs 1,800.00 crores.
• Fresh Issue: The entire issue consists of fresh shares.
• Price Bands: The price bands for Juniper Hotels IPO are yet to be announced.

3. Lot Size

• The minimum lot size for Juniper Hotels IPO is 40 shares.

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4. Promoters and Shareholding

• The promoters of Juniper Hotels Limited are Arun Kumar Saraf, Saraf Hotels Limited, Two Seas Holdings Limited, and Juniper Investments Limited.
• As of the pre-issue shareholding, the promoters hold 100% of the company’s shares.

About Juniper Hotels Limited

Incorporated in September 1985, Juniper Hotels Limited operates seven hotels and serviced apartments across India. These properties, located in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi, cater to luxury, upper upscale, and upscale segments. Notable among them are:

1. Grand Hyatt Mumbai Hotel and Residences: India’s largest luxury hotel.
2. Hyatt Regency Lucknow and Hyatt Regency Ahmedabad: The biggest upper upscale hotels in their respective markets.
3. Hyatt Raipur: 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. This strategic partnership combines the expertise of a hotel developer with an international hospitality giant.

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