Juniper Hotels IPO: A Luxurious Investment Opportunity 🏨💰
Juniper Hotels Limited, a luxury hotel company, has opened its IPO for investment. The company raised Rs. 810 crores from anchor investors on February 20. The IPO will remain open from February 21 to February 23. On February 20, the company issued 2,25,00,000 equity shares to anchor investors at a price of Rs. 360 per share.
Foreign and domestic institutions participating in the anchor book include Fidelity, Kotak Mahindra Bank MF, Government Pension Fund (Norway), White Oak, Prudential Insurance Company (MNG), Invesco, ICICI Prudential Life Insurance, HDFC Life Insurance, and Quantum Mutual Fund. Out of the total 2,25,00,000 shares issued to anchor investors, 75,00,000 shares were allocated to seven domestic mutual funds. The total value of these shares is Rs. 270 crores, accounting for 33% of the total anchor book size.
JM Financial Limited, CLSA India Private Limited, and ICICI Securities Limited are the book running lead managers for the IPO. The company intends to raise Rs. 1,800 crores through the IPO, with the subscription period for investors running from February 21 to February 23. The price band for the IPO is set at Rs. 342-360, with investors able to bid for a minimum of 40 equity shares.
Don’t miss out on this opportunity to invest in Juniper Hotels and be a part of the luxurious journey ahead! 🌟💼
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