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

Juniper Hotels IPO received muted response; subscribed 15% on day2 so far

26 Mar 2024 , 03:17 PM

Juniper Hotels' public issue has garnered a modest response from investors, with only a 15% subscription recorded on February 22, the second day of bidding. Notably, retail investors bid 72%, while high net-worth individuals secured 0.08 times the allotted quota. Click here to subscribe the IPO.

The company aims to raise ₹1,800 Crore through a fresh issuance of 5 Crore shares, with the price band set at ₹342-360 per share. The issue is scheduled to close on February 23. Proceeds from the issuance will primarily go towards loan repayment, including those from recent acquisitions such as CHPL and CHHPL, with the remainder earmarked for general corporate purposes.

During the one-day opening of the anchor book on February 20, the company successfully raised ₹810 Crore from various anchor investors.

While Juniper Hotels witnessed a narrowed net loss to ₹1.5 Crore in FY23 from ₹188 Crore in FY22, its revenue more than doubled to ₹666.85 Crore. However, for the six months ended September 2023, the net loss widened to ₹26.5 Crore compared to the year-ago period, with total borrowings amounting to ₹2,252.74 Crore.

Juniper Hotels operates as a luxury hotel development and ownership company, boasting the largest ownership by the number of keys of Hyatt-affiliated hotels in India as of September 30, 2023. The company's portfolio comprises seven hotels and serviced apartments.

Related Tags

  • Juniper Hotels IPO
  • Juniper Hotels IPO details
  • Juniper Hotels IPO GMP
  • Juniper Hotels IPO subscribe
  • Juniper Hotels IPO subscription
sidebar mobile

BLOGS AND PERSONAL FINANCE

Images
12 Apr 2024   |   01:37 PM
Images
12 Apr 2024   |   10:20 AM
Images
12 Apr 2024   |   10:16 AM
Read More

Most Read News

12 Apr 2024   |   08:25 PM
12 Apr 2024   |   08:14 PM
12 Apr 2024   |   08:13 PM
12 Apr 2024   |   08:13 PM
12 Apr 2024   |   08:08 PM
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