Juniper Hotels Ltd. has announced public offering of 50000000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 350.00 per share. The gross proceeds of the issue are expected to be Rs 1,80,000.00 lakhs.
The company's initial public offer (IPO) will open on 21 February 2024 and is expected to close on 23 February 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 342.00-360.00 per share.
The IPO includes a fresh Issue of 50000000 Equity Shares of the Company at an price of Rs 360.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 40 shares with bids in multiples of 40.
Juniper Hotels Ltd. anticipates using the proceeds of the issue for .
ICICI SECURITIES LTD,CLSA India Private Limited,JM Financial Ltd. as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.