India's Juniper Hotels jumps 11.5% in debut trade

Juniper Hotels

28/02/2024 05:15

** Shares of Juniper Hotels  JUNI.NS  up 11.5% at 401.50
rupees in debut trade vs IPO price of 360 rupees
    ** JUNI debuts at 1.4% premium of 365 rupees, has stayed
above IPO price so far in session
    ** "Flat debut aligns with expectations as seen by muted
investor enthusiasm and a lack of significant gray market
premium" --Shivani Nyati, head of wealth at Swastika Investmart
    ** At session high, luxury hotel developer valued at 89.33
bln rupees ($1.08 bln)
    ** IPO comprised new shares issue worth up to 18 bln rupees
was oversubscribed 2.08x last week
    
 
 ($1 = 82.9100 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))