Juniper Hotels' Rs 1,800-cr IPO to open on Feb 21 at Rs 342-360 a Share

Mumbai-based Juniper Hotels announced its ₹1,800 crore Initial Public Offer (IPO) will open on February 21 at a price band of ₹342-360 a share.

The offer will open for subscription on February 21 and investors can apply for a minimum of 40 shares and its multiples thereafter. The issue closes on February 23 and is entirely a fresh issue of 5 crore shares with a face value of ₹10.

Juniper Hotels is a luxury hotel development and ownership company; and is the largest owner, by number of keys, of "Hyatt" affiliated hotels in India as of last year. The company aims to use ₹1,500 crore from the proceeds of the issue for part repayment of the debt.