₹1,800 crore and is entirely a fresh issue. Also read: Ixigo's parent Le Travenues Technology refiles draft papers with SEBI to raise funds via IPO Juniper Hotels stands as a leading luxury hotel development and ownership entity, boasting the largest ownership share, by the number of keys, of 'Hyatt' affiliated hotels in India as of September 30, 2023.
"We operated 1,836 keys across the luxury, upper upscale and upscale category of hotels across various locations in India, namely Mumbai, Delhi, Ahmedabad, Lucknow, Raipur and Hampi. We benefit from a unique partnership between Saraf Hotels (and its affiliates) and affiliates of, Hyatt Hotels Corporation," the company said in its RHP.
Not less than 75 percent of the issue are reserved for QIB, not more than 10 percent of the issue is reserved for retail investors and not more than 15 percent of the issue is reserved for NII. Also read: Jana Small Finance Bank share price lists with over 4% discount at ₹396 apiece on BSE Juniper Hotels intends to allocate the proceeds towards clearing a debt amounting to ₹1,500 crore.
The residual funds will be earmarked for various general corporate purposes. The promoter of the company are Arun Kumar Saraf, & Saraf Hotels Limited, Two Seas Holdings Limited and Juniper Investments Limited.
Jm Financial Limited, Clsa India Private Limited and ICICI Securities Limited are the book running lead managers of the Juniper Hotels IPO, while Kfin Technologies Limited is the registrar for the issue. Juniper Hotels Limited's revenue increased by 108.66% and profit after tax (PAT) rose by 99.2% between the financial year ending with March 31, 2023 and March 31, 2022.Milestone Alert!
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