Juniper Hotels IPO: Check Subscription Status, GMP Today.
Unlisted shares of Juniper Hotels Ltd are buying and selling Rs 3 larger within the gray market, anticipating a 0.83 per cent itemizing acquire from the general public concern
Juniper Hotels IPO: The preliminary public providing of luxurious resort improvement firm Juniper Hotels Ltd, which was opened for public subscription on Wednesday, February 21, has obtained a muted response from buyers. Till 4:07 pm on the second day of bidding on Wednesday, the Rs 1,800-crore IPO obtained solely 89 per cent subscription, garnering bids for 60,39,840 shares as towards 2,75,00,000 shares on supply.
The IPO will likely be closed on Friday, February 23.
The retail class has obtained 0.89 occasions subscription and the non-institutional quota obtained 0.12 occasions subscription. The QIB quota obtained a 0.05 occasions subscription.
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.
Juniper Hotels IPO GMP Today
According to market observers, unlisted shares of Juniper Hotels Ltd are buying and selling Rs 3 larger within the gray market as in contrast with its concern worth. The Rs 3 gray market premium or GMP means the gray market is anticipating a 0.83 per cent itemizing acquire from the general public concern. The GMP relies on market sentiments and retains altering.
‘Grey market premium’ signifies buyers’ readiness to pay greater than the problem worth.
Juniper Hotels IPO Details
Juniper Hotels IPO is fully a recent concern of 5 crore shares. The worth band of the IPO has been mounted at Rs 342 to Rs 360 per share.
The minimal lot measurement for an software is 40 shares. The minimal quantity of funding required by retail buyers is Rs 14,400. The minimal lot measurement funding for small NII is 14 heaps (560 shares), amounting to Rs 201,600, and for large NII, it’s 70 heaps (2,800 shares), amounting to Rs 10,08,000.
JM Financial Limited, CLSA India Private Limited and ICICI Securities Limited are the ebook-operating lead managers of the Juniper Hotels IPO, whereas Kfin Technologies Limited is the registrar for the problem.
