Overall, the issue received a mediocre reaction in the first two days of the subscription. But the issue did receive a generally positive response from retail investors.
On the last day, the retail segment was able to reach full subscription. According to BSE data, the retail component of the Juniper Hotels IPO has been booked 1.24 times over as of 16:55 IST, with a 126% subscription status as of the third day. According to BSE data, the portion booked for Non Institutional Investors (NII) is 84%, and the portion booked for Qualified Institutional Buyers (QIB) is 296%.
On Wednesday, February 21, the Juniper initial public offering (IPO) went live, and it ends today, Friday, February 23.
A quarter of the IPO was subscribed to for Juniper Hotels on its second day. 87% of the retail part, 14% of the NII, and 6% of the QIBs were subscribed. The retail component was booked at 52% on the first day of the Juniper IPO, with a subscription status of 11%.
The Juniper Hotels Initial Public Offering (IPO) has set aside a minimum of 75% of its shares for Qualified Institutional Buyers (QIB), a maximum of 15% for Non Institutional Investors (NII), and a maximum of 10% for Retail Investors.
The pricing range for Juniper’s initial public offering (IPO) is set at ₹342 to ₹360 for each equity share with a face value of ₹10. The 40 equity shares in a Juniper IPO lot are in multiples of 40 equity shares thereafter.
A luxury hotel development and ownership company, Juniper Hotels Ltd. operates in the luxury, upper upscale, and upmarket hotel categories in a number of Indian cities, including Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi.
The company’s listed peers, according to the RHP, are EIH Limited (P/E of 58.71), Lemon Tree Hotels Limited (P/E of 95.52), The Indian Hotels Company Limited (P/E of 66.78), and Chalet Hotels Limited (P/E of 84.37).
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.