Juniper Hotels Limited raises Rs. 810 crore from Anchor Investors
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Juniper Hotels Limited (the "Company”) is a luxury hotel development and ownership company, and are the largest owner, by number of keys of “Hyatt” affiliated hotels in India as of September 30, 2023 (Source: Horwath Report), has garnered Rs. 810 crores from anchor investors ahead of its initial public offering that opens for public subscription on Wednesday, February 21, 2024. The company informed the bourses that it allocated 2,25,00,000 equity shares at Rs. 360 per share on Tuesday, February 20, 2024, to anchor investors.
Foreign and Domestic Institutions who participated in the anchor were Fidelity, Kotak Mahindra MF, Government Pension Fund (Norges), White Oak, Schroder, The Prudential Assurance Company(MNG), Invesco, ICICI Prudential Life Insurance, HDFC Life Insurance and Quant Mutual Fund
Out of the total allocation of 2,25,00,000 equity shares to the anchor investors, 75,00,000 equity shares were allocated to 7 domestic mutual funds through a total of 15 schemes amounting to Rs. 270 crore i.e. 33.33% of the Total Anchor Book Size.
JM Financial Limited, CLSA India Private Limited, and ICICI Securities Limited are the book-running lead managers to the Issue.
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