Juniper Hotels IPO: Check Subscription Status, Allotment Status, GMP Today.
Unlisted shares of Juniper Hotels Ltd are buying and selling simply Rs 2 increased within the gray market, anticipating a negligible 0.56 per cent itemizing achieve from the general public subject
Juniper Hotels IPO: The preliminary public providing of Juniper Hotels, which runs lodges underneath the Hyatt model, was subscribed 2.08 occasions on the ultimate day of provide on Friday. The Rs 1,800-crore IPO acquired bids for six,01,14,160 shares towards 2,89,47,367 shares on provide.
The allotment of Juniper Hotels IPO will happen on February 26, whereas its itemizing will happen on each BSE and NSE on February 28, 2024.
The class for Retail Individual Investors (RIIs) received subscribed 1.28 occasions, quota for non-institutional buyers acquired 85 per cent subscription, and the portion for Qualified Institutional Buyers (QIBs) received subscribed 2.96 occasions.
On Tuesday, Juniper Hotels mentioned it has garnered Rs 810 crore from anchor buyers.
Juniper Hotels IPO: How To Check Allotment Status
Once the IPO allotment is finalised on February 26, the standing might be checked by following these steps:
1) Go to the official BSE web site by way of the URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, choose ‘Equity’.
3) Under ‘Issue Name’, choose ‘Juniper Hotels Limited’ within the dropbox.
4) Enter your software quantity, or the Permanent Account Number (PAN).
Your share software standing will seem in your display screen.
You may also go to direct KFin Tech portal — https://rti.kfintech.com/ipostatus/ and examine Juniper Hotels IPO allotment standing.
Juniper Hotels IPO GMP Today
According to market observers, unlisted shares of Juniper Hotels Ltd are buying and selling simply Rs 2 increased within the gray market as in contrast with its subject value. The Rs 2 gray market premium or GMP means the gray market is anticipating a negligible 0.56 per cent itemizing achieve from the general public subject. The GMP relies on market sentiments and retains altering.
‘Grey market premium’ signifies buyers’ readiness to pay greater than the difficulty value.
Juniper Hotels IPO Details
The IPO is totally a recent subject of fairness shares value Rs 1,800 crore and the value band is Rs 342-360 apiece.
Funds to the tune of Rs 1,500 crore can be utilised for compensation of debt availed by the corporate and subsidiaries — Chartered Hotels Pvt Ltd and Chartered Hampi Hotels Pvt Ltd.
Besides, a portion of the proceeds can be used for common company functions.
The hospitality agency had a portfolio of seven lodges and serviced residences and operated 1,836 keys throughout the luxurious, higher upscale, and upscale classes of lodges in India as of September 2023.
Currently, Saraf Hotels owns a 44.68 per cent stake in Juniper Hotels, Two Seas Holdings holds a 50 per cent stake and the remaining 5.32 per cent shareholding is with Juniper Investments.
The fairness shares of the corporate can be listed on the BSE and NSE.
JM Financial, CLSA India and ICICI Securities Ltd are the guide-operating lead managers to the difficulty.
