Juniper hotel ipo subscribed 81% for retail investor

“Juniper Hotels’ public offering has garnered a tepid response from investors thus far, with only a 20 percent subscription rate recorded on February 22, the second day of bidding. Among investor categories, retail investors showed the most interest with an 81 percent subscription rate, while high net-worth individuals subscribed to just 0.11 times the allocated quota, and qualified institutional buyers secured only 0.04 times the reserved portion.
The company aims to raise Rs 1,800 crore through a fresh issuance of 5 crore shares. The price range for the offering, slated to close on February 23, has been set at Rs 342-360 per share. Utilization of the raised funds will primarily involve repaying loans, including those associated with recent acquisitions such as CHPL and CHHPL. Any remaining proceeds will be allocated towards general corporate purposes.”

company’s allocation of raised funds towards debt repayment and general corporate purposes is noteworthy

Really inspiring and motivating