Juniper Hotels IPO allotment status: Check listing date, GMP and other details | India Business News

Juniper Hotels IPO: Juniper Hotels has concluded its Initial Public Offering (IPO), with a subscription rate of 2.08 times by the end of the bidding period. The IPO saw full subscriptions in the retail and Qualified Institutional Buyer (QIB) segments on Friday, though Non-Institutional Investors (NIIs) fell short. Share allotments for the public offer are expected to be finalised today.
According to ET, investors keen on checking their share allotment status can do so through either the Bombay Stock Exchange website or the registrar’s portal.

Checking allotment status on BSE

1. Visit the BSE website.
2. Choose the relevant issue name, i.e., the company’s name, from the dropdown menu.
3. Enter the application number or PAN number to check the allotment status.

Checking allotment status via registrar (Bigshare Services)

1. Visit the Kfin Technologies website.
2. Select the Juniper Hotels IPO.
3. Enter PAN details and initiate a search to ascertain the status.
Juniper Hotels GMP
Shares of Juniper Hotels are trading without a premium in the unlisted market, suggesting a potential flat to discounted listing when they debut on the stock exchange on February 28th.
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Prior to the IPO launch, the company successfully raised Rs 810 crore from anchor investors, with notable participation from both foreign and domestic institutions, including Fidelity, Kotak Mahindra MF, and the Government Pension Fund (Norges), among others.
About Juniper Hotels
Juniper Hotels is co-owned by Saraf Hotels and Two Seas Holdings, an affiliate of the well-known global hospitality firm, Hyatt Hotels Corp.
Specialising in luxury hotel development and ownership, Juniper Hotels holds a 20% stake in the total of 1836 Hyatt affiliated keys in India as of June 2023. The company manages a diverse portfolio comprising seven hotels and serviced apartments.
In the fiscal year 2023, Juniper Hotels witnessed a remarkable 116% increase in revenue from operations, reaching Rs 667 crore compared to Rs 309 crore in the previous year. Additionally, the net loss narrowed to Rs 1.5 crore in fiscal 2023 from Rs 188.03 crore in fiscal 2022.
JM Financial, CLSA India, and ICICI Securities serve as the book-running lead managers for the IPO, overseeing the process diligently.