February 17, 2023
New Delhi, India
IPO Watch
Juniper Hotels Limited is gearing up for its initial public offering (IPO) in the Indian market, aiming to raise funds for expansion.
Price Band and Issue Details: The hospitality company has fixed the price band for its IPO at ₹342 to ₹360 per equity share. The IPO will open on 21st February 2024 and close on 23rd February 2024. Juniper Hotels aims to raise ₹1800 crore through the issuance of fresh shares, with one lot comprising 40 shares.
Listing and Allotment: The IPO is proposed for listing on both the BSE and NSE, with the listing date expected to be 28th February 2024. Share allocation is likely to be finalized on 26th February 2024.
Lead Managers and Registrar: JM Financials, CLSA India, and ICICI Securities have been appointed as lead managers for the IPO, while KFin Technologies Limited will serve as the official registrar.
Grey Market Premium: As of now, shares of Juniper Hotels have not debuted in the grey market, according to market observers.
Conclusion:
With the IPO set to hit the market soon, investors have the opportunity to participate in Juniper Hotels’ growth story and potentially benefit from its expansion plans.
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