Juniper Hotels IPO: Check Subscription Status, GMP Today.
Unlisted shares of Juniper Hotels Ltd are buying and selling Rs 2 increased within the gray market, anticipating simply 0.56 per cent itemizing achieve from the general public difficulty
Juniper Hotels IPO: The preliminary public providing of luxurious lodge improvement firm Juniper Hotels Ltd, which has been closed on Friday, February 23, has acquired a muted response from buyers. Till 6:11 pm on the ultimate day of bidding on Friday, the Rs 1,800-crore IPO acquired 2.18 instances subscription, garnering bids for five,99,21,000 shares as towards 2,75,00,000 shares on provide.
The IPO was opened for public subscription on Wednesday, February 21.
The retail class has been totally subscribed 1.31 instances, and the non-institutional quota received 0.89 instances subscription. The QIB quota received a 3.11 instances 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 simply Rs 2 increased within the gray market as in contrast with its difficulty 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 difficulty. The GMP is predicated on market sentiments and retains altering.
‘Grey market premium’ signifies buyers’ readiness to pay greater than the difficulty value.
Juniper Hotels IPO Details
Juniper Hotels IPO is solely a contemporary difficulty of 5 crore shares. The value 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 tons (560 shares), amounting to Rs 201,600, and for large NII, it’s 70 tons (2,800 shares), amounting to Rs 10,08,000.
JM Financial Limited, CLSA India Private Limited and ICICI Securities Limited are the e book-operating lead managers of the Juniper Hotels IPO, whereas Kfin Technologies Limited is the registrar for the difficulty.
(The story has been up to date with the newest subscription and GMP knowledge until 6:11 pm)
