Juniper Hotels, with its Rs 1,800 crore Initial Public Offering (IPO), the most substantial offer of 2024 to date, is set to commence subscription on February 21. The IPO, comprising entirely of a fresh issue of 5 crore shares, will be open for subscription until February 23. The price band for the issue has been established at Rs 342-360 per share. Ahead of the IPO launch, the company plans to raise Rs 1,800 crore through the issuance of 5 crore shares, with the anchor book opening for a day on February 20. The proceeds from the IPO will primarily be allocated to repaying loans, including those associated with recent acquisitions such as CHPL and CHHPL, with the remaining funds earmarked for general corporate purposes. Retail investors can participate by bidding for a minimum of 40 shares and in multiples of 40 thereafter, translating to a minimum investment of Rs 13,680 (40 x 342) at the lower end of the price band, and up to Rs 14,400 at the upper end. Juniper Hotels is a luxury hotel development and ownership company, holding the distinction of being the largest owner of Hyatt-affiliated hotels in India by the number of keys as of September 30, 2023. Its portfolio comprises seven hotels and serviced apartments as of the same date. Despite reporting a net loss of Rs 1.5 crore for FY23, a significant decrease from Rs 188 crore in the preceding year, the company witnessed a notable increase in revenue to Rs 666.85 crore from FY22.