{"id":37601,"date":"2024-02-19T15:33:43","date_gmt":"2024-02-19T10:03:43","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=37601"},"modified":"2024-02-19T15:33:43","modified_gmt":"2024-02-19T10:03:43","slug":"juniper-hotels-ipo","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/juniper-hotels-ipo\/","title":{"rendered":"Juniper Hotels IPO"},"content":{"rendered":"\t\t
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Juniper Hotels IPO is a book-built issue of Rs 1,800.00 crores. The issue is entirely a fresh issue of 5 crore shares. The IPO opens for subscription on February 21, 2024, and closes on February 23, 2024.<\/span><\/p>

The price band for Juniper Hotels IPO is set at \u20b9342 to \u20b9360 per share and the minimum lot size for an application is 40 Shares<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Company Summary<\/b><\/strong><\/span><\/p>

\u00a0<\/b><\/strong>They are a luxury hotel development and ownership company and are the largest owner, by number of Keys of \u201cHyatt\u201d affiliated hotels in India. They have a portfolio of seven hotels and serviced apartments and operating a total of 1,836 keys as of September 30.<\/span><\/p>

They are the only hotel development company in India with which Hyatt has a strategic investment. They own 19.6% of Hyatt group-affiliated hotel rooms and apartments in India as of September 30, 2023.<\/span><\/p>

Juniper Hotels is co-owned by Saraf Hotels Ltd and Two Seas Holdings Ltd, an affiliate of Hyatt Hotels Corporation, forming a strategic partnership between a hotel developer and an international hospitality company.<\/span><\/p>

Their hotels and serviced apartments are established landmarks in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi. As of Sep 30, 2023, the company has 116 serviced apartments in Grand Hyatt Mumbai and 129 serviced apartments in Hyatt Delhi.<\/span><\/p>

As of September 30, 2023, the company had a total of 1,631 permanent employees. The CHPL Group had a total of 362 permanent employees. Together, they had a total of 1,993 employees.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Company Strengths<\/strong><\/span><\/p>

They have developed our hotels at locations with high barriers to entry. For example, according to the Horwath Report, the land parcels for hotels of the scale of Grand Hyatt Mumbai Hotel and Residences and Andaz Delhi, are difficult to obtain and carry high costs and associated development risks. In turn, this limitation provides an added value benefit to established well-located hotels.<\/span><\/p>

Their significant presence in New Delhi and Mumbai provides them a strategic advantage from both international and domestic travel through these cities and well-established business ecosystems. Ahmedabad is a hub for economic growth in Gujarat and Lucknow stands to benefit from the push for active investments in Uttar Pradesh.<\/span><\/p>

In Raipur, the Hyatt Raipur was established to benefit from the industrial growth in the capital city of Chhattisgarh, the resource-rich state. The Hyatt Place Hampi was established to cater to tourists visiting the Hampi UNESCO World Heritage Site, as well as business travellers visiting the nearby steel manufacturing facilities.<\/span><\/p>

They identify and acquire sites to develop their hotels and serviced apartments, accounting for factors such as location, economic potential of the location, target customers, and branding.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Company Financials<\/strong><\/span><\/p>
Period Ended<\/strong><\/span><\/td>30 Sep 2023<\/strong><\/span><\/td>31 Mar 2023<\/strong><\/span><\/td>31 Mar 2022<\/strong><\/span><\/td>31 Mar 2021<\/strong><\/span><\/td><\/tr>
Assets<\/strong><\/span><\/td>3,837.83<\/span><\/td>3,020.27<\/span><\/td>3,069.86<\/span><\/td>3,055.54<\/span><\/td><\/tr>
Revenue<\/strong><\/span><\/td>337.43<\/span><\/td>717.29<\/span><\/td>343.76<\/span><\/td>192.85<\/span><\/td><\/tr>
Profit After Tax<\/strong><\/span><\/td>-26.50<\/span><\/td>-1.50<\/span><\/td>-188.03<\/span><\/td>-199.49<\/span><\/td><\/tr>
Net Worth<\/strong><\/span><\/td>859.67<\/span><\/td>354.51<\/span><\/td>356.37<\/span><\/td>543.90<\/span><\/td><\/tr>
Reserves and Surplus<\/strong><\/span><\/td>687.17<\/span><\/td>210.81<\/span><\/td>212.67<\/span><\/td>400.20<\/span><\/td><\/tr>
Total Borrowing<\/strong><\/span><\/td>2,252.75<\/span><\/td>2,045.61<\/span><\/td>2,121.81<\/span><\/td>1,830.48<\/span><\/td><\/tr>

Amount in \u20b9 Crore<\/span><\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Objectives of the IPO<\/strong><\/span><\/p>

The net proceeds of the Issue are proposed to be utilized in the following manner<\/span><\/p>