Jupiter Hotels was founded in 1985. Its Managing director is Mr. Arun Kumar saraf. The company is engaged in the hotel development. The company was established in 1985 as a partnership between Saraf Hotels and Hyatt Hotels Corporation. The company is in the ownership of seven hotels and service apartments located in different parts of the country such as Mumbai, Delhi, Lucknow, Raipur, Hampi and Ahmedabad.
The company is now foraying in the stock market with issue size of Rs. 1,800 cr. The Bidding dates have started on 21 Feb and will end on 23Feb’ 2024. Price range per share is between Rs 342 to 360 and individual can apply for shares in the lot size of 40 shares. It means In order to have a single lot; an individual is required to have at least Rs. 13,680.00. You can apply for the IPO as a regular up to Rs. 2 Lacs and High Net worth Individual up to Rs 5 Lacs. . The brief description about the IPO is as follows:
| Bidding Dates | 21 Feb to 23 Feb’ 2024 |
| Minimum Investment | Rs. 13,680.00 |
| Price Range | Rs. 342 – Rs 151 |
| Issue Size | Rs. 1,800 cr |
| Lot Size | 40 Shares |
The IPO will be listed on both BSE and NSE. The Financials of the company has been shown in the table:
| Year | Revenue(Rs. Cr) | Profit(Rs. Cr) | Total Assets(Rs. Cr) |
| 2021 | 166.35 | -199.49 | 3055.50 |
| 2022 | 308.69 | -188.03 | 3069.86 |
| 2023 | 666.85 | -1.50 | 3020.27 |
Also Read- https://skrnews.com/understanding-initial-public-offering-ipo/
As the bidding for IPO is in process, you can apply for the same till 23 Feb’2024. The subscription rate for the IPO has gone multifold for every category of bidder. As of 21 Feb’ 2024, the data related to subscription is as follows:
| Qualified Institutional Buyers | 0 times |
| Non- Institutional Investors | 0.06 times |
| Retail Individual Investor | 0.52 times |
| Total | 0.11 times |
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