Juniper Hotels Ltd IPO

Expertise in site selection and identifying opportunities to develop its hotels;

Unique partnership between asset owner and operator brand backed by strong parentage;

Robust asset management capabilities with a focus on enhancing operating efficiency and profitability;

Increasing returns by having multiple revenue streams and complementary offerings;

Well positioned to benefit from industry trends;

Experienced and qualified board and management team.

The Company and certain of its Subsidiaries have incurred losses in the past.

The company has substantial indebtedness which requires significant cash flows to service, and limits its ability to operate freely.

The company is subject to a number of conditions and restrictions under its financing agreements. Any breach of the terms under its financing arrangements or its inability to meet the company obligations, including financial and other covenants under its financing arrangements could adversely affect its business and financial condition.

Its recently acquired entity, CHPL, which is now the company wholly owned subsidiary, has witnessed delays in repayment of loans in the past and has accordingly undertaken strategic debt restructuring. Any inability of CHPL to meet the terms of restructuring could adversely affect its business, financial condition, cash flows and results of operations.

A significant portion of its revenue from operations (90.48% in the six months ended September 30, 2023) is derived from three hotels/serviced apartments in Mumbai (Maharashtra) and New Delhi out of the portfolio of four hotels/serviced apartments of the Company, and any adverse developments affecting these hotels/serviced apartments or the regions in which they operate, could have an adverse effect on its business, results of operation, cash flows and financial condition.

The company has witnessed negative operating cash flows in the past, and it is possible that its may experience negative cash flows in the future.

Several expenses incurred in its operations are relatively fixed in nature, and the companys inability to effectively manage such expenses may have an adverse effect on its business, results of operations, cash flows and financial condition.

All its hotels and serviced apartments are currently operating under the Hyatt brands, on a non-exclusive basis. The company has entered into long term agreements with certain Hyatt entities for the operations and management of its hotels and usage of brands owned by Hyatt International Corporation. If these agreements are terminated or not renewed, its business, results of operations, cash flows and financial condition may be adversely affected.

The equity valuation of the Company based on the Issue Price may be higher than the equity valuation ascribed to the Company prior to the Issue at the time of acquiring CHPL from its Corporate Promoters.

The determination of the Price Band is based on various factors and assumptions and the Issue Price, market capitalization to total income ratio, the market capitalization to tangible assets ratio and the enterprise value (EV) to EBITDA ratio, may not be indicative of the market price of the Equity Shares on listing or thereafter.