Juniper Hotels IPO opens for subscription; Check details here

21 Feb 2024 , 12:00 PM

The initial public offering (IPO) of Juniper Hotels Limited commences today, February 21, and will continue until February 23. The price band for the IPO has been set at ₹342 to ₹360 per equity share. Interested investors can subscribe to the IPO by clicking here.

As of now, the IPO has received bids for 16,05,040 equity shares out of the total 2,89,47,367 shares available for subscription. The retail portion of the IPO has been subscribed 27%, while the non-institutional investors’ portion has received a subscription of 2%.

The company aims to raise ₹1800 crore through the issuance of fresh shares only. Each lot of the book build issue will comprise 40 shares of the company.

JM Financial Ltd, CLSA India Pvt Ltd, and ICICI Securities Ltd are the book-running lead managers for the IPO, while Kfin Technologies is the registrar for the issue.