iifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Hyatt-Backed Juniper Hotels Ropes in ₹810 Crore from Anchor Investors Ahead of IPO Launch

26 Mar 2024 , 03:16 PM

On February 20, Juniper Hotels, owned by Saraf Hotels and Juniper Investments, along with Two Seas Holdings, an indirect subsidiary of Hyatt Hotels Corporation, successfully raised ₹810 Crore from various anchor investors ahead of its upcoming IPO.

The public issue is set to open for subscription on February 21 and will close on February 23.

A lineup of esteemed investors participated in the anchor book, including Fidelity Funds, Government Pension Fund Global, Camrignac Portfolio, The Prudential Assurance Company, HSBC Global Investment Funds, and several others. Additionally, well-known names such as Kotak Mahindra Trustee, Tata Mutual Fund, Ashoka Whiteoak ICAV, and many more invested in the Hyatt hotel chain.

Juniper Hotels disclosed in its filing to exchanges that it has allocated 2.25 Crore equity shares to anchor investors at a price of ₹360 per equity share. Among these, 75 lakh shares were allocated to seven mutual funds through a total of 15 schemes.

The luxury hotel developer, backed by the Saraf group and Hyatt Hotels Corporation, aims to raise ₹1,800 Crore through an IPO, which comprises entirely fresh issues with no offer-for-sale component. The price band for the issue has been fixed at ₹342-360 per share.

Proceeds from the IPO will primarily be used to repay a debt of ₹1,500 Crore, with the remaining funds earmarked for general corporate purposes.

Juniper Hotels, headquartered in Mumbai, operates 1,836 keys across luxury, upper upscale, and upscale categories of hotels in various Indian locations, including Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi.

Related Tags

  • Juniper Hotels
  • Juniper Hotels IPO
  • Juniper Hotels IPO anchor allotment
  • Juniper Hotels IPO anchor book
  • Juniper Hotels IPO details
  • Juniper Hotels IPO issue price
  • Juniper Hotels IPO opening
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.

closeIcon

Get better recommendations & make better investments

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp