Juniper Hotel Limited IPO

Juniper Hotels Limited, established in 1976, offers luxury accommodations across key Indian cities. Co-owned by prominent entities including Saraf Hotels and Two Seas Holdings, Juniper manages 7 hotels and serviced apartments, boasting a total of 1,836 rooms. With properties located in Mumbai, Delhi, Ahmedabad, and other cities, Juniper taps into the growing hospitality industry driven by factors like urbanization and changing lifestyles.

IPO Details :

The company's IPO, scheduled from February 21 to February 23, 2024, offers shares at Rs. 342 to Rs. 360 per share, with a total issue size of Rs. 1,800.00 crores. Institutional investors are allotted 75%, while retail investors have a 10% reservation.

Financially, Juniper has shown steady revenue growth, reaching ₹6,668.54M in Fiscal 2023 from ₹1,663.51M in Fiscal 2021. However, there are concerns regarding past losses and substantial indebtedness, especially with its subsidiaries. Revenue breakdown indicates significant contributions from room revenue, serviced apartments, and F&B, with operations primarily focused on properties in Mumbai and Delhi.

The IPO's strengths lie in its strategic growth initiatives, including acquisitions and brand building efforts, aiming to support working capital needs and general corporate requirements. However, investors must weigh these against the company's past losses and indebtedness, along with risks associated with regional developments and revenue dependence on specific locations.

Currently, the IPO's Grey Market Premium (GMP) stands at Rs. 10, suggesting moderate investor interest. 

while Juniper Hotels Limited IPO offers exposure to the growing hospitality sector, investors should conduct thorough due diligence to assess risks and make informed investment decisions.

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