Juniper Hotels' Management On IPO, Price Band ₹342-360, Mergers, Plans Ahead | IPO Size: ₹1,800 Cr

Juniper Hotels' IPO, a book-built issue worth ₹1,800.00 crores, comprises a fresh issue of 5 crore shares. Subscription opens on February 21, 2024, and closes on February 23, 2024, with allotment expected by February 26, 2024. The listing on BSE, NSE is slated for February 28, 2024. Priced at ₹342 to ₹360 per share, the minimum lot size is 40 shares, requiring ₹14,400 from retail investors. About this company: established in September 1985, Juniper Hotels owns seven luxury hotels and serviced apartments totalling 1,836 rooms across Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi. Co-owned by Saraf Hotels Ltd and Two Seas Holdings Ltd. Juniper Hotels' CEO Varun Saraf and CMD Arun Kumar Saraf elaborated on the IPO's details and fund allocation in an interview with BTTV's Sakshi Batra.