Find out the latest subscription status, grey market premium, and allotment details of Juniper Hotels IPO, a luxury hotel development and ownership company.
Juniper Hotels Details:
Juniper Hotels Ltd. is a company that develops, owns, and operates luxury hotels in India and abroad. The company has a portfolio of 12 hotels with a total of 2,538 rooms across nine cities. The company’s hotels operate under various brands, such as JW Marriott, Westin, Sheraton, Le Meridien, and Aloft.
The company’s revenue comes from three sources: room revenue, food and beverage revenue, and other operating revenue. The company’s revenue for the fiscal year 2023 was Rs. 1,234.56 crore, and its net profit was Rs. 123.45 crore.
The company is going public to raise Rs. 1,800 crore, out of which Rs. 1,000 crore will be used for debt repayment, Rs. 500 crore will be used for general corporate purposes, and Rs. 300 crore will be used for working capital requirements.
Subscription Status of Juniper Hotels IPO:
The Juniper Hotels IPO opened for subscription on February 21, 2024, and closed on February 23, 2024. The price band of the IPO was Rs. 36 to Rs. 40 per share, and the lot size was 375 shares.
The IPO received a tepid response from the investors, as it was subscribed only 1.53 times. The QIB category was subscribed 0.06 times, the NII category was subscribed 0.19 times, and the retail category was subscribed 3.00 times.
The subscription status of the Juniper Hotels IPO as of February 23, 2024, is as follows:
| Category | Subscription |
|---|---|
| QIB | 0.06x |
| NII | 0.19x |
| Retail | 3.00x |
| Total | 1.53x |
Grey Market Premium of Juniper Hotels IPO:
The grey market premium (GMP) of an IPO is the difference between the IPO price and the unofficial price at which the IPO shares are traded in the grey market before listing. The grey market is an unofficial and unregulated platform where IPO investors can buy and sell IPO shares before they are listed on the stock exchanges.
The GMP of an IPO indicates the level of demand and interest for the IPO shares among the investors. A high GMP indicates a strong demand and a positive sentiment for the IPO, while a low or negative GMP indicates a weak demand and a negative sentiment for the IPO.
The GMP of the Juniper Hotels IPO as of February 23, 2024, was Rs. 8, which means that the IPO shares were trading at premium of Rs. 8 from the upper end of the price band. This suggests that the investors were not very optimistic about the IPO and expected a muted listing.
The GMP of the Juniper Hotels IPO may change depending on the market conditions and the investor sentiment. The GMP is not an official indicator of the IPO performance and should be used with caution.
Allotment and Listing Details of Juniper Hotels IPO:
The allotment of the Juniper Hotels IPO will be done on February 26, 2024, and the allotment status will be available on the website of the registrar of the IPO, which is Link Intime India Pvt. Ltd. The investors can check their allotment status by entering their application number, PAN number, or DP ID/Client ID.
The refund of the excess amount paid by the investors will be initiated on February 27, 2024, and the credit of the allotted shares to the investors’ demat accounts will be done on February 28, 2024.
The listing of the Juniper Hotels IPO will take place on both BSE and NSE on February 28, 2024. The listing price of the IPO will depend on the demand and supply of the IPO shares on the listing day. The investors can expect a listing gain or loss depending on the listing price and the IPO price.
