Juniper Hotels IPO subscribed 2.07 times on Final Day

The Initial Public Offering of Juniper Hotels Limited was subscribed 2.07 times on the final day of bidding.

The issue received bids of 5,99,13,880 shares against the offered 2,89,47,367 equity shares, at a price band of ₹342-360, according to the data available on the stock exchanges.

Qualified Institutional Buyer Portion was subscribed 2.96 times, Retail Portion was subscribed with 1.24 times, whereas Non-Institutional Investors Portion was subscribed 0.84 times.

JM Financial Limited, CLSA India Private Limited, and ICICI Securities Limited are the book-running lead managers to the Issue.

Source : Equity Bulls

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JuniperHotels FundRaising IPO Subscription Retail QIBs