Juniper Hotels IPO allotment: Check status, GMP, listing date and other details

The initial public offering (IPO) of Juniper Hotels just managed to scrape over the finish line with an overall subscription of 2.08 times on the third day of the bidding process. The issue, which closed on Friday, was fully booked in the retail and QIB portions, but NIIs were a let down. The share allotment for the public offer is expected to be finalised today.

Investors can check the status of their share allotment on the BSE or even by logging in to the registrar website.

Firstly, here's how you can know the status on BSE

Step 1: Visit the BSE Website

Step 2: Please select the issue name, that is the company's name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.

To check the status of Juniper Hotels allotment through the registrar, which is Bigshare Services in this case, kindly follow the below steps.

Step 1: Visit the Kfin Technologies website

Step 2: Select Juniper Hotels IPO

Step 3: Enter the PAN details and click search to know the status

Juniper Hotels GMP

In the unlisted market, the company's shares are trading with no premium, indicating a flat to discount listing at the bourses on February 28.

Ahead of the IPO, the company raised Rs 810 crore from anchor investors where foreign and domestic institutions including Fidelity, Kotak Mahindra MF, Government Pension Fund (Norges) among others participated.

Juniper Hotels is co-owned by Saraf Hotels and Two Seas Holdings, an affiliate of the prominent global hospitality entity, Hyatt Hotels Corp.

It functions as a luxury hotel development and ownership enterprise, and owns 20% of the total 1836 Hyatt affiliated keys in India as of June 2023. The company manages a diverse portfolio consisting of seven hotels and serviced apartments.

For the fiscal year 2023, revenue from operations increased by 116% to Rs 667 crore against Rs 309 crore a year ago. Net loss narrowed to Rs 1.5 crore in fiscal 2023 over Rs 188.03 crore in fiscal 2022.

JM Financial, CLSA India, and ICICI Securities are the book-running lead managers for the IPO.

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