Juniper Hotels IPO
Juniper Hotels Limited (JUNIPER) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 28 February 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain 0.0% (likely range -6% to +16%), day's high +12.4%, chance of a gain 51%. Actual: +1.4% at the open, +11.5% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,57,89,474 | 4,67,11,200 | 2.96x | |
| NII (HNI) total | 78,94,736 | 66,80,080 | 0.85x | |
| Big NII (above ₹10 lakh) | 52,63,157 | 54,15,720 | 1.03x | |
| Small NII (₹2-10 lakh) | 26,31,579 | 12,64,360 | 0.48x | |
| Retail | 52,63,157 | 67,22,880 | 1.28x | |
| Total | 2,89,47,367 | 6,01,14,160 | 2.08x |
Bids on NSE and BSE together, as published by NSE, as of 23 Feb 2024, 07:00 PM. Shares offered exclude the anchor portion. 10% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Juniper Hotels's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Paradeep PhosphatesMay 2022 | 3.01x | 0.82x | 1.37x | 1.75x | ₹1,637 Cr | +4.8% | +12.5% |
| UTI Asset Management CompanyOct 2020 | 3.34x | 0.93x | 2.32x | 2.31x | ₹2,160 Cr | -9.8% | -4.3% |
| Fedbank Financial ServicesNov 2023 | 3.51x | 1.45x | 1.82x | 2.20x | ₹1,105 Cr | -1.4% | +5.9% |
| Indian Energy ExchangeOct 2017 | 2.56x | 0.85x | 2.61x | 2.28x | ₹1,426 Cr | -9.1% | +0.6% |
| Entero Healthcare SolutionsFeb 2024 | 2.28x | 0.22x | 1.33x | 1.53x | ₹1,618 Cr | -2.3% | 0.0% |
| KFin TechnologiesDec 2022 | 4.17x | 0.23x | 1.36x | 2.59x | ₹1,582 Cr | +0.3% | +1.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| JM Financial | 109 | +22.8% | 75% |
| CLSA India | 10 | +23.5% | 70% |
| ICICI Securities | 109 | +21.3% | 69% |
Offer documents (NSE)
Frequently asked
What is the Juniper Hotels IPO price band and lot size? ₹342–360 per share, with a lot of 40 shares, so the smallest retail bid is ₹14,400.
How many times has it been subscribed? 2.08x overall: QIB 2.96x, NII 0.85x, retail 1.28x.
How did it list? It opened at ₹365, +1.4% against the issue price of ₹360, and closed its first day +11.5%.
