Unlisted shares of Juniper Hotels Ltd are trading just Rs 2 higher in the grey market, expecting a negligible 0.56 per cent listing gain from the public issue, Juniper Hotels IPO: How To Check Allotment Status? Know Subscription Status, GMP Today
Juniper Hotels IPO saw a muted show on account of the firm s loss-making status and the asset-heavy business model, which prompted analysts to have mixed views on the IPO. At 1:30 pm, the issue which closes on Friday, was booked 84% so far with retail and QIB portions getting fully subscribed.
The initial public offer (IPO) of Juniper Hotels continued to see muted response from investors with an overall subscription of just 16% so far on Thursday, the second day of the bidding process. The issue closes on February 23.
Juniper Hotels IPO aims to raise around Rs 1,800 crore. The company s asset-heavy business model and loss-making status have led to mixed views among analysts. The IPO has a price band of Rs 342-360 per share.