Juniper Hotels IPO: Should you subscribe or not? Check Anil Singhvi's view

Juniper Hotels IPO: The initial public offering (IPO) of Juniper Hotels Ltd, which runs hotels under the 'Hyatt' brand, is now open for subscription. The company has hotels in several major cities like Mumbai, Delhi, Ahmedabad, Lucknow and Raipur.

Juniper Hotels IPO - Apply or Not: Check Anil Singhvi's View

According to Zee Business Managing Editor Anil Singhvi, high-risk investors should subscribe to the IPO for the long term. 

"You can subscribe to the IPO if you are a high-risk investor. However, it is better to buy shares of the Juniper Hotels after listing," Singhvi said.

Here are the positives and negatives of the Juniper Hotel IPO:

Positives:

- Experienced promoters

- Strong brand of Hyatt with its equity investment

- IPO to retire 1500 Cr debt to save 170 Cr interest cost

- Strong expansion plans

- Another listed company will get merged and it will result in a bigger portfolio

Negatives:

- Company making losses in last 3 financial years

- Company requires high capex for expansion

- Some conflict of interest as promoters in similar business 

Juniper Hotels IPO subscription date

The subscription window for the Juniper Hotel IPO is now open. It will remain open till February 23 from 10 am to 5 pm. Juniper Hotels IPO is a mainboard issue of Rs 1,800 crore comprising fresh issuance of five crore shares. The equity shares of the company will be listed on the BSE and NSE.

Juniper Hotels IPO price band

The price band for the IPO is set at Rs 342-360 per share.

Juniper Hotels IPO listing date

Juniper Hotels IPO shares are likely to be listed on stock exchanges BSE and NSE tentatively on February 28.

Juniper Hotels IPO allotment date

The basis of the allotment of shares under the IPO of Juniper Hotels is set to be finalised tentatively on February 26.

Juniper Hotels IPO: Book-running lead managers

JM Financial Ltd, CLSA India Pvt Ltd and ICICI Securities Ltd are the book-running lead managers of the IPO. Kfin Technologies is the registrar for the issue.