India Breaking Buzz

The IPO of Juniper Hotels had a mediocre beginning on Dalal Street

<p>Juniper Hotels’ IPO received a lackluster reception when its shares debuted shakily on the stock markets today.</p>
<p><img decoding=”async” class=”alignnone wp-image-455068″ src=”×750.png” alt=” the ipo of juniper hotels had a mediocre beginning on dalal street craiyon 121106 1 2″ width=”997″ height=”997″ title=”The IPO of Juniper Hotels had a mediocre beginning on Dalal Street 6″ srcset=”×750.png 750w,×500.png 500w,×768.png 768w,×96.png 96w,×150.png 150w, 1024w” sizes=”(max-width: 997px) 100vw, 997px” /></p>
<p>The share price of Juniper Hotels, which is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), started at Rs 365 on the NSE and Rs 361.20 on the BSE. When compared to the issue price of Rs 360, this represented a little rise of 1.39 percent and 0.33 percent, respectively.</p>
<p>Experts in the market had estimated that Juniper Hotels’ share price might be anywhere from Rs 345 to Rs 370 before the company made its debut.</p>
<p>Data from the Bombay Stock Exchange (BSE) shows that on the third day, the subscription status of the Juniper Hotels IPO was 2.08 times.</p>
<p>The initial public offering (IPO) had 1.28 bookings for the retail component and an 85% subscription rate for the non-institutional investors (NII) portion. Conversely, the Qualified Institutional Buyers (QIB) segment had 2.96 subscriptions.</p>
<p>Early on in the IPO, the reaction was muted; just 11% of subscribers signed up on the first day, and 23% on the second. Retail investors, however, shown more interest.</p>
<p>The Juniper Hotels IPO subscription period opened on February 21 and ended on February 23. With an initial public offering (IPO) lot size of 40 equity shares and multiples of those, the price range per equity share was Rs 342 to Rs 360.</p>
<p>The Rs 1,800 crore Juniper Hotels IPO is made up completely of new issues; there is no offer-for-sale component.</p>
<p>The net proceeds from the IPO will be used by the firm for general corporate purposes, to fund recent acquisitions such as Chartered Hotels Private Limited and Chartered Hampi Hotels Private Limited, and to repay or retire any existing borrowings.</p>
<p>For the Juniper Hotels IPO, JM Financial Limited, CLSA India Private Limited, and ICICI Securities Limited are the book running lead managers, while Kfin Technologies Limited is the registrar.</p>

Related posts

Beware! After downloading and using this app on her phone, this woman lost Rs. 11 lakh

US credit rating might soon drop from its current AAA status

India and the UAE Plan to Trade $100 Billion in Non-Oil by 2030

Gianni Versace’s label earns Rs 11,000 crore annually after growing from a small boutique to an iconic luxury brand

Promoter Entity For Adani Enterprises Ups Stake In Flagship Company; Details Here

Having Problems Managing Your Finances? Read These Books For Advice From Experts