Juniper Hotels Ltd, operating under the “Hyatt” brand, has filed preliminary papers with the capital markets regulator Sebi for an initial public offering (IPO) aiming to raise Rs 1,800 crore. The IPO will consist entirely of a fresh issue of equity shares, with no Offer for Sale (OFS) component. The offering will follow the book-building process, with 75% allocated to qualified institutional buyers, 15% to non-institutional investors, and 10% to retail individual investors.
Additionally, the company, in coordination with the lead bankers, may contemplate a private placement of equity shares for cash consideration, amounting to up to Rs 350 crore (“Pre-IPO Placement”). If this placement proceeds, it will result in a reduction of the fresh issue size.