Juniper Hotels Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Juniper Hotels

CMP

435.20

+1.15 (0.26%)

  • DRHP
₹360

Offer Price

₹ 1,800.00 Cr

Issue Size

₹ 14,400

Min Investment

0.11x

Times Subscribed

40

Lot size

Time Line

  • 21
    Feb 2024
    Open
  • 23
    Feb 2024
    Close
  • 26
    Feb 2024
    Finalisation of Basis of Allotment
  • 27
    Feb 2024
    Initiation of Refunds
  • 27
    Feb 2024
    Transfer of Shares to Demat Account
  • 28
    Feb 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Enhancement of facilities at its existing assets

  • Development of new opportunities at its existing assets

  • Explore value accretive acquisition of assets and selective expansion

  • Continue to improve efficiencies including by enhancing utilization of space with a view to increase revenues

Products & Services

  • Juniper Hotels Limited is a luxury hotel development and ownership company,

Strengths

  • Expertise in site selection and identifying opportunities to develop its hotels;

  • Unique partnership between asset owner and operator brand backed by strong parentage;

  • Robust asset management capabilities with a focus on enhancing operating efficiency and profitability;

  • Increasing returns by having multiple revenue streams and complementary offerings;

  • Well positioned to benefit from industry trends;

Risks

  • The Company and certain of its Subsidiaries have incurred losses in the past.

  • The company has substantial indebtedness which requires significant cash flows to service, and limits its ability to operate freely.

  • The company is subject to a number of conditions and restrictions under its financing agreements. Any breach of the terms under its financing arrangements or its inability to meet the company obligations, including financial and other covenants under its financing arrangements could adversely affect its business and financial condition.

  • Its recently acquired entity, CHPL, which is now the company wholly owned subsidiary, has witnessed delays in repayment of loans in the past and has accordingly undertaken strategic debt restructuring. Any inability of CHPL to meet the terms of restructuring could adversely affect its business, financial condition, cash flows and results of operations.

  • A significant portion of its revenue from operations (90.48% in the six months ended September 30, 2023) is derived from three hotels/serviced apartments in Mumbai (Maharashtra) and New Delhi out of the portfolio of four hotels/serviced apartments of the Company, and any adverse developments affecting these hotels/serviced apartments or the regions in which they operate, could have an adverse effect on its business, results of operation, cash flows and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
100.00%
Pre Holding

100.00%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 308.69 (85.60%) 666.85 (116.00%) -0.42 (-)
Gross Profit 308.69 (85.60%) 666.85 (116.00%) -0.42 (-)
Net Income 308.69 (85.60%) 666.85 (116.00%) -0.42 (-)
Assets 308.69 (85.60%) 666.85 (116.00%) -0.42 (-)
Liabilities 308.69 (85.60%) 666.85 (116.00%) -0.42 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Juniper Hotels Ltd 666.85 -1.50 2,870.70 2,516.19 -0.42 -0.10 24.67 1.09 0.85
Chalet Hotels Ltd 1,128.47 183.33 4,930.78 4,930.78 12.31 8.94 72.58 3.71 1.75
Lemon Tree Hotels Ltd 874.99 114.56 3,732.32 3,732.32 13.41 1.45 17.86 3.06 2.04
Indian Hotels Co Ltd 5,809.91 1,002.59 13,668.75 13,668.75 12.56 7.06 60.84 7.33 0.10
EIH Ltd 2,018.81 314.58 4,406.96 4,406.96 9.32 5.19 55.52 7.13 0.02

Book Running Managers

  • CLSA Indiaa Pvt Ltd
  • ICICI Securities Ltd
  • JM Financial Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

Off Western Express Highway,
Santacruz East,
Mumbai - 400055
Phone : 91-22-6676 1000 Email : Complianceofficer@juniperhotels.com www.juniperhotels.com

Offer Related Information

Initial public offering of 50,000,000 equity shares^ bearing face value of Rs. 10 each ("Equity Shares") of Juniper Hotels Limited ("Company" or the "Issuer") for cash at a price of Rs. 360 per equity share (including a share premium of Rs. 350 per equity share) (the "Issue Price") aggregating to Rs. 1800.00 crores^ (the "Issue"). The issue constituted 22.47% of the post-issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue... More

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