Juniper Hotels a luxury hotel development and ownership company.
Today marked the much-anticipated debut of Juniper Hotels ipo on the stock exchanges.
Juniper Hotels IPO listed Details
Opening Price:
Juniper Hotels shares began trading at ₹365 on the National Stock Exchange (NSE) and ₹361.20 on the Bombay Stock Exchange (BSE).
Issue Price:
The IPO was priced at ₹360 per share.
Premium:
The stock listed at a 1.38% premium to the issue price, which translates to a mere ₹5 above the IPO price
Subscription Details
- The Juniper Hotels IPO witnessed 2.08 times subscription during the bidding period from February 21 to February 23.
- Qualified institutional investors subscribed nearly 3 times the reserved portion, while retail investors picked up 1.28 times the allotted quota.
- The non-institutional investor segment was subscribed 0.85 times
Conclusion
While Juniper Hotels’ IPO didn’t set the market on fire, it remains to be seen how the stock performs in the coming days. Investors will closely watch its trajectory and evaluate whether the tepid debut is a temporary blip or indicative of deeper issues.
