Juniper Hotels IPO: Check Subscription Status, GMP Today.
Unlisted shares of Juniper Hotels Ltd are buying and selling Rs 6 increased within the gray market, anticipating a 1.67 per cent itemizing acquire from the general public situation
Juniper Hotels IPO: The preliminary public providing of luxurious lodge improvement firm Juniper Hotels Ltd, which was opened for public subscription on Wednesday, February 21, has acquired a subdued response from buyers. Till 5:15 pm on the primary day of bidding on Wednesday, the Rs 1,800-crore IPO acquired 0.12 instances subscription, garnering bids for 32,88,000 shares as towards 2,75,00,000 shares on supply.
The IPO will probably be closed on Friday, February 23.
The retail class has acquired 0.56 instances subscription and the non-institutional quota bought 0.07 instances subscription.
The allotment of Juniper Hotels IPO will happen on February 26, whereas its itemizing will happen on the 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 6 increased within the gray market as in contrast with its situation worth. The Rs 6 gray market premium or GMP means the gray market is anticipating a 1.67 per cent itemizing acquire from the general public situation. 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 completely a contemporary situation of 5 crore shares. The worth band of the IPO has been fastened at Rs 342 to Rs 360 per share.
The minimal lot measurement for an utility 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 giant 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 guide-operating lead managers of the Juniper Hotels IPO, whereas Kfin Technologies Limited is the registrar for the problem.
(The headline and story have been up to date with the newest subscription and GMP information until 5:15 pm)
