Juniper Hotels IPO Listing Highlights: Shares make flat debut, list at premium of 1.39% - Buy, Sell or Hold?
Juniper Hotels IPO Listing Highlights, Juniper Hotels Share Price NSE, BSE: Zee Business Managing Editor Anil Singhvi had advised high-risk investors to subscribe to the IPO for the long term.
Juniper Hotels IPO Listing Highlights, Juniper Hotels Share Price NSE, BSE: The shares of Juniper Hotels made a flat debut on Dalal Street and were listed at a premium of 1.39 per cent on the National Stock Exchange (NSE) on Wednesday. The stock debuted at Rs 365 as against an issue price of Rs 360. Also, the stock debuted at Rs 361.2, a premium of 0.33 per cent on BSE.
Earlier, the initial share sale of Juniper Hotels, which runs hotels under the Hyatt brand, was subscribed 2.08 times on the final day of the offer.
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Juniper Hotels IPO LISTING Live, Juniper Hotels Share Price NSE, BSE: Add more at lower levels
“Despite lower subscription demand in the bidding process, Juniper Hotels listed above everyone’s expectations which can be attributed to brand “Hyatt” which is a well-known global brand and too big to ignore. Considering the sector demand and focus on India tourism along with the primary objective of reducing the debt, which could lighten the interest burden and can improve the bottom line in the coming years. With its established brand and strategically located assets, the company is well-positioned to capitalise on emerging hospitality trends. The hotel sector is expected to outperform in the coming years. Hence allotted investors can hold and add more at lower levels which can reward them in the medium to long term,” Prashanth Tapse, Senior VP Research, Mehta Equities Ltd., said.
Juniper Hotels IPO LISTING Live, Juniper Hotels Share Price NSE, BSE: Post-listing view
According to Shivani Nyati, Head of Wealth at Swastika Investmart Ltd., Juniper Hotels, this performance aligns with pre-listing expectations.
"The saturated hospitality sector raises concerns about Juniper's ability to maintain its market share amidst fierce competition. While Juniper boasts a well-established presence, its recent financial performance has not been particularly strong, potentially deterring investors. Thus, considering all these factors, a cautious approach is crucial for investors," Nyati said.
Juniper Hotels IPO LISTING Live, Juniper Hotels Share Price NSE, BSE: Shares make flat debut
Juniper Hotels shares list at Rs 361.20 on the BSE, a premium of 0.33 per cent to the issue price of Rs 360.
Juniper Hotels IPO LISTING Live, Juniper Hotels Share Price NSE, BSE: Price settles at 0.33% premium on BSE
In the pre-opening session, Juniper Hotels shares settled at Rs 361.20 on the BSE, a premium of 0.33 per cent to the issue price of Rs 360.
Juniper Hotels IPO LISTING Live, Juniper Hotels Share Price NSE, BSE: Price settles at 1.39% premium to issue price in pre-open market
In the pre-opening session, Juniper Hotels shares settled at Rs 365 on the NSE, a premium of 1.39 per cent to the issue price of Rs 360.
Juniper Hotels IPO LISTING Live, Juniper Hotels Share Price NSE, BSE: Funds to be utilised for repayment of debt
Funds to the tune of Rs 1,500 crore will be utilised for repayment of debt availed by the company and subsidiaries -- Chartered Hotels Pvt Ltd and Chartered Hampi Hotels Pvt Ltd.
Juniper Hotels IPO LISTING Live, Juniper Hotels Share Price NSE, BSE: Price band of Rs 342-360
The IPO is entirely a fresh issue of equity shares worth Rs 1,800 crore and the price band is Rs 342-360 apiece.
Juniper Hotels IPO LISTING Live, Juniper Hotels Share Price NSE, BSE: Garnered Rs 810 crore from anchor investors
Juniper Hotels said it has garnered Rs 810 crore from anchor investors.
Juniper Hotels IPO LISTING Live, Juniper Hotels Share Price NSE, BSE: Anil Singvhi's view to new buyers
Zee Business Managing Editor Anil Singhvi said that new buyers should wait till shares get settled after listing and then decide on whether to buy or not.
Juniper Hotels IPO LISTING Live, Juniper Hotels Share Price NSE, BSE: Stoploss by Anil Singvhi
Zee Business Managing Editor Anil Singhvi said that short-term investors can hold shares after listing with stoploss of Rs 350.
Juniper Hotels IPO LISTING Live, Juniper Hotels Share Price NSE, BSE: Anil Singvhi on Juniper Hotels Listing
According to Zee Business Managing Editor Anil Singhvi, shares of Juniper Hotels are expected to list at some discount.
Juniper Hotels IPO LISTING Live, Juniper Hotels Share Price NSE, BSE: RIIs got subscribed 1.28 times
The category for Retail Individual Investors (RIIs) got subscribed 1.28 times, quota for non-institutional investors received 85 per cent subscription, and the portion for Qualified Institutional Buyers (QIBs) got subscribed 2.96 times.
Juniper Hotels IPO LISTING Live, Juniper Hotels Share Price NSE, BSE: Subscribed 2.08 times
The initial share sale of Juniper Hotels, which runs hotels under the Hyatt brand, was subscribed 2.08 times on the final day of the offer on Friday.
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