Juniper Hotels IPo Details:
Juniper Hotels, founded in 1985 through a partnership between Saraf Hotels and Hyatt Hotels Corporation, is a renowned luxury hotel development and ownership company operating primarily in India. Presently, it manages seven hotels and serviced apartments across various categories, including luxury, upper upscale, and upscale, strategically located in key cities such as Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi.
Juniper hotels ipo price: ₹342 to ₹360
| IPO Dates | Min. Investment | Lot Size | Price Range | Issue Size | IPO Doc |
|---|---|---|---|---|---|
| 21 Feb – 23 Feb 2024 | ₹13,680 | 40 | ₹342 – ₹360 | 1800.00 Cr | View |
Financials Details:
Despite facing challenges, Juniper Hotels maintains a robust financial profile. Total assets remained stable between Rs. 3,020 crore and Rs. 3,070 crore from 2021 to 2023, indicating sound fiscal management. Although profitability remains a concern, Juniper Hotels demonstrates a trajectory towards improvement, narrowing losses from Rs. 199 crore in 2021 to a marginal loss of Rs. 1.50 crore in 2023.
| Financials | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenue | 166 | 309 | 667 |
| Total Assets | 3,056 | 3,070 | 3,020 |
| Profit | -199 | -188 | -1.50 |
Strengths:
- Revenue Growth: The company witnessed substantial revenue growth in Fiscal 2023, with operations generating Rs. 666.85 crore compared to Rs. 308.69 crore in Fiscal 2022 and Rs. 166.35 crore in Fiscal 2021.
- Cost Management: Demonstrating efficiency, the company reduced its HLP (heat, light, and power) costs to Rs. 42.13 crore in Fiscal 2023, down from 9.07% in Fiscal 2022 and 12.72% in Fiscal 2021.
- Diverse Revenue Streams: The company benefits from diverse revenue streams, including income from serviced apartments, restaurants, MICE services, and more, enhancing its financial resilience.
- Strategic Presence: With hotels strategically located in key cities such as Delhi, Mumbai, Ahmedabad, Lucknow, Raipur, and Hampi, the company targets micro-markets near airports and business districts, positioning itself for sustained growth.
- Longstanding Partnership: The enduring partnership between the Saraf Group and Hyatt, spanning over 40 years, strengthens the company’s operational capabilities and market position.
Risks:
- Substantial Indebtedness: The company faces significant indebtedness, totaling Rs. 2,252.75 crore as of September 30, 2023, potentially limiting its operational flexibility and financial maneuverability.
- Debt Restructuring Challenges: The recent acquisition of CHPL, now a wholly-owned subsidiary, encountered loan repayment delays, necessitating strategic debt restructuring. Any failure to meet restructuring terms may adversely impact the company’s financial health and operational performance.
- Revenue Concentration Risk: A substantial portion of the company’s revenue, approximately 90.48% in the six months ending September 30, 2023, originates from three hotels/serviced apartments in Mumbai and New Delhi, exposing the company to risks associated with localized adverse developments.
- Cash Flow Concerns: Negative cash flow from operations in the financial year 2022, amounting to Rs. 36.45 crore, poses challenges to the company’s liquidity and financial stability.
- Dependency on Brand Agreements: The company’s hotels and serviced apartments operate under nonexclusive agreements with Hyatt. The termination or non-renewal of these agreements could have adverse effects on the company’s business operations, cash flows, and financial condition.
- Borrowing Risks: The company and some of its subsidiaries have availed unsecured borrowings, subject to potential recall by lenders, which could adversely impact cash flows and financial stability.
- Legal Proceedings: Outstanding litigations against the company and its promoters pose legal and financial risks, with potential adverse outcomes affecting the company’s business and financial standing.
IPO Timeline Details:
| Juniper Hotel IPO | Date |
|---|---|
| IPO Offer Start | 21 Feb 2024 |
| IPO Offer Ends | 23 Feb 2024 |
| Allotment Finalisation | 26 Feb 2024 |
| Refund Initialisation | 27 Feb 2024 |
| Share Transfer to Demat | 27 Feb 2024 |
| Listing of Shares | 28 Feb 2024 |
Application Details:
Invest in the vision of luxury and excellence with Juniper Hotels. The application details for interested investors are as follows:
Apply as Regular:
The price is ₹ 342–360. You can apply up to ₹2 Lakh
Apply as a high-net-worth individual:
The price is ₹ 342–360. You can apply between ₹2 – 5 Lakh
