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JUNIPER HOTELS IPO

IPO Details

-
-
40 Shares
₹ 14,400
₹ 342 – 360
₹ Up to 1800 Cr

Issue timeline

  • -
  • 26-Feb-2024
  • 27-Feb-2024
  • 27-Feb-2024
  • 28-Feb-2024

Subscription Status

Shareholder -
Qualified Institutional Buyers -
Non-Institutional Investor -
Retail Individual Investor -
Employee -
Total -

About Company

-  A luxury hotel development and ownership company, and are the largest owner, by number of Keys of “Hyatt” affiliated hotels in India as of September 30, 2023
- Have a portfolio of seven hotels and serviced apartments and operate a total of 1,836 keys as of September 30, 2023
- This company is the flagship entity for the Saraf Group, through ownership of a unique portfolio of luxury, upper upscale and upscale hospitality assets, located in highly desirable locations across key locations.

Strengths & Risks

Strengths (3)

Expertise in site selection and identifying opportunities to develop hotels
Juniper hotels private limited have demonstrated a strong track record in establishing presence across key cities. Their hotels and serviced apartments are located in: (a) established markets such as Delhi and Mumbai; (b) emerging business destinations such as Ahmedabad, Lucknow and Raipur; and (c) growing tourist destinations such as Hampi. In Raipur and Hampi, their hotels were the first international chain affiliated hotels (source: Horwath Report)

Risks (2)

Their Company and certain of subsidiaries have incurred losses in the past.
Juniper hotels private limited and its Subsidiary, MHPL, have incurred losses in the past. In addition, on September 20, 2023,they have acquired 100% of the equity share capital of CHPL from their corporate promoters, pursuant to which CHPL has become their wholly owned direct subsidiary, while CHHPL has become their indirect subsidiary. CHPL and CHHPL have incurred losses in the past. (Source: Company DRHP)

  • Expertise in site selection and identifying opportunities to develop hotels
    Juniper hotels private limited have demonstrated a strong track record in establishing presence across key cities. Their hotels and serviced apartments are located in: (a) established markets such as Delhi and Mumbai; (b) emerging business destinations such as Ahmedabad, Lucknow and Raipur; and (c) growing tourist destinations such as Hampi. In Raipur and Hampi, their hotels were the first international chain affiliated hotels (source: Horwath Report)

  • Unique partnership between asset owner and operator brand backed by strong parentage
    The Saraf Group and Hyatt have had a longstanding relationship of over 40 years, dating back to the opening of the first Hyatt hotel in India, namely, Hyatt Regency, Delhi, in 1982. This continuing relationship has led both partners to have a deep understanding and alignment on the business goals, company values and working culture, which they believe has led to the success of the Company, driving high EBITDA margins.(Source: Company RHP)

  • Increasing returns by having multiple revenue streams and complementary offerings
    Juniper hotels private limited have introduced complementary revenue generating streams at their hotels, and benefit from revenue contribution from areas such as serviced apartments, restaurants, MICE services and other services, to ensure optimal utilization of available resources. (Source: Company DRHP)

  • Their Company and certain of subsidiaries have incurred losses in the past.
    Juniper hotels private limited and its Subsidiary, MHPL, have incurred losses in the past. In addition, on September 20, 2023,they have acquired 100% of the equity share capital of CHPL from their corporate promoters, pursuant to which CHPL has become their wholly owned direct subsidiary, while CHHPL has become their indirect subsidiary. CHPL and CHHPL have incurred losses in the past. (Source: Company DRHP)

  • Witnessed negative operating cash flows in the past
    Juniper hotels private limited have witnessed negative operating cash flows in the past, and it is possible that they may experience negative operating cash flows in the future. The net cash generated from operations was negative during Fiscal 2022 due to changes in working capital which were primarily attributable to a decrease in trade payables of ₹677.69 million. Negative operating cash flows over extended periods, or significant negative cash flows in the short term, could materially impact ability to operate business and implement growth plans (Source: Company DRHP)

Financials

Net Worth
Total Borrowings
Restated Profit/loss
Earning Per Share

Industry Overview

- Chain-affiliated supply has evolved over the last two decades : (a) total rooms as at September 30, 2023 are nearly 7.5 times the Fiscal 2001 inventory; (b) rooms supply has greater balance across different segments, yet the luxury and upper upscale segments, as an aggregate, comprise 20% of total hotels and 35% of total rooms; (c) 74% of hotel rooms are now owned by entities other than hotel chains, as compared to 31% of hotel rooms as at Fiscal 2001;(d) guest preferences have evolved with greater use of hotels for weddings and events, greater appreciation of lifestyle and boutique hotel offerings, well-curated F&B experiences, leisure, recreation and entertainment


- Domestic Demand: Fiscal 2023 witnessed significant growth over Fiscal 2019 demand and this was driven mainly by pent-up corporate and MICE travel demand. Strong growth levels are expected to continue in Fiscal 2024 and could slow down in early Fiscal 2025 for the elections. Growth in Fiscals 2026 and 2027 is assumed at 11%. Growth assumption is based on: (a) long term CAGR of 9.8% between Fiscal 2008 and Fiscal 2023; and (b) further new supply is planned and expected to occur over the longer term which will enable future demand growth (Source: Company DRHP)

Juniper Hotels IPO FAQs

What is the minimum lot size and investment required for Juniper Hotels IPO?

The lot size is 40 shares and minimum investment required is Rs.14,400 for Juniper IPO

Juniper IPO is mainboard IPO of issue size up to Rs.1800 Crores

Juniper Hotels IPO issue dates are from 21st-23rd Feb, 2024

The allotment date is 26th Feb, 2024 and listing date is 28th Feb, 2024 for Juniper Hotels IPO.

Head to IPO section on ICICI Direct website and select Juniper Hotels IPO. Enter and submit bid details and then click on proceed to apply once details are verified. It’s that simple!!

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Juniper Hotels IPO

₹ 14,400
40 Shares

Subscription Status

Shareholder -
Qualified Institutional Buyers -
Non-Institutional Investor -
Retail Individual Investor -
Employee -
Total -

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*The financials mentioned above are sourced from DRHP/ RHP documents.

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