Juniper Hotels Limited 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.
The issue is entirely a fresh issue of Equity Shares aggregating to ₹1,800 crore with no offer for sale component.
The Company is proposing to open its initial public offering of Equity Shares (the “Offer”) on Wednesday, February 21, 2024, and closes on Friday, February 23, 2024. The price band for the Offer has been determined at Rs 342 – Rs 360 per equity share.
