Juniper Hotels Files for IPO to Raise Rs 1,800 Crore and Address Debt

Juniper Hotels Ltd, co-owned by Saraf Hotels Ltd and Two Seas Holdings Ltd, is operating under the Hyatt brand and has officially submitted its application for an Initial Public Offering (IPO) to the Securities and Exchange Board of India (SEBI). The company aims to raise ₹1,800 crore (approximately $241 million) through the issuance of equity shares, along with a possible pre-IPO placement of ₹350 crore (around $47 million), as announced recently.

The net proceeds from the IPO, estimated at ₹1,500 crore (about $201 million), are intended for debt repayment. Juniper Hotels plans to list its shares on both the Bombay Stock Exchange and the National Stock Exchange.

In addition, the management of Juniper Hotels has been actively repurchasing shares, demonstrating their confidence in the company’s promising future.

JM Financial Ltd, CLSA India Private Ltd, and ICICI Securities Ltd have been appointed as lead managers for the upcoming IPO. Their responsibilities will include overseeing the issuance process and guiding Juniper Hotels through the regulatory complexities associated with public offerings.

The submission to SEBI reflects the company’s aim to strengthen its financial standing by decreasing its debt load, while also presenting an appealing opportunity for investors interested in the hospitality industry.

The final details regarding the IPO’s launch date, price range, and lot size will be finalized pending approval from SEBI.