Bharat Highways InvIT vs Juniper Hotels IPO

Comparision between Bharat Highways InvIT and Juniper Hotels IPO.

IPO Details

Bharat Highways InvIT is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Juniper Hotels IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Bharat Highways InvIT	Juniper Hotels IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	InvIT	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Axis Bank Limited Hdfc Bank Limited Iifl Securities Ltd	Jm Financial Limited Clsa India Private Limited ICICI Securities Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
DRHP		DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Bharat Highways InvIT is up to ₹2,500.00 Cr whereas the issue size of the Juniper Hotels IPO is up to ₹1,800.00 Cr. The final issue price of Bharat Highways InvIT is ₹100.00 per share and of Juniper Hotels IPO is ₹360.00 per share.

	Bharat Highways InvIT	Juniper Hotels IPO
Face Value		₹10 per share
Issue Price (Lower)	₹98.00 per share	₹342.00 per share
Issue Price (Upper)	₹100.00 per share	₹360.00 per share
Issue Price (Final)	₹100.00 per share	₹360.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	150 shares	40 shares
Fresh Issue Size	25,00,00,000 shares	5,00,00,000 shares
Fresh Issue Size (Amount)	up to ₹2,500.00 Cr	up to ₹1,800.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	25,00,00,000 shares	5,00,00,000 shares
Issue Size Total (Amount)	up to ₹2,500.00 Cr	up to ₹1,800.00 Cr

IPO Timetable

Bharat Highways InvIT opens on Feb 28, 2024, while Juniper Hotels IPO opens on Feb 21, 2024. The closing date of Bharat Highways InvIT and Juniper Hotels IPO is Mar 01, 2024, and Feb 23, 2024, respectively.

	Bharat Highways InvIT	Juniper Hotels IPO
Anchor Bid Date	Feb 27, 2024	Feb 20, 2024
Issue Open	Feb 28, 2024	Feb 21, 2024
Issue Close	Mar 01, 2024	Feb 23, 2024
Basis Of Allotment (Tentative)	Mar 06, 2024	Feb 26, 2024
Initiation of Refunds (Tentative)	Mar 07, 2024	Feb 27, 2024
Credit of Share (Tentative)	Mar 07, 2024	Feb 27, 2024
Listing date (Tentative)	Mar 12, 2024	Feb 28, 2024
Anchor Lockin End date 1	Apr 05, 2024	Mar 27, 2024
Anchor Lockin End date 2	Jun 04, 2024	May 26, 2024

Financials

Bharat Highways InvIT P/E ratio is , as compared to Juniper Hotels IPO P/E ratio of .

Bharat Highways InvIT

Juniper Hotels IPO

Financial

Bharat Highways Infrastructure Investment Trust Financial Information (Restated)

Bharat Highways Infrastructure Investment Trust's revenue decreased by -3.92% and profit after tax (PAT) rose by 738.34% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,916.80	6,056.28	5,536.40	4,943.95
Revenue	388.54	1,537.47	1,600.18	2,170.39
Profit After Tax	101.35	527.05	62.87	149.45
Amount in ₹ Crore

Juniper Hotels Limited Financial Information (Restated Consolidated)

Juniper Hotels Limited's revenue increased by 108.66% and profit after tax (PAT) rose by 99.2% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,837.83	3,020.27	3,069.86	3,055.54
Revenue	337.43	717.29	343.76	192.85
Profit After Tax	-26.50	-1.50	-188.03	-199.49
Net Worth	859.67	354.51	356.37	543.90
Reserves and Surplus	687.17	210.81	212.67	400.20
Total Borrowing	2,252.75	2,045.61	2,121.81	1,830.48
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

77.53%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

-0.42%%

Shares Offered

In the Bharat Highways InvIT retail investors (RII) are offered 0 shares while in Juniper Hotels IPO retail investors are offered 0 shares. Qualified institutional buyers (QIB) are offered 5,61,88,800 shares in Bharat Highways InvIT and 1,50,00,000 shares in Juniper Hotels IPO.

	Bharat Highways InvIT	Juniper Hotels IPO
Anchor Investor Reserveration	8,25,97,350 shares	2,25,00,000 shares
Market Maker Reserveration
QIB	5,61,88,800 shares	1,50,00,000 shares
NII	0 shares	75,00,000 shares
RII	0 shares	50,00,000 shares
Employee	0 shares	0 shares
Others
Total	10,30,12,800 shares	2,75,00,000 shares

Bids Received (Subscription)

Bharat Highways InvIT subscribed 6.74x in total, whereas Juniper Hotels IPO subscribed 2.18x.

	Bharat Highways InvIT	Juniper Hotels IPO
QIB (times)	6.59x	3.11x
NII (times)		0.89x
Big NII (times)		1.08x
Small NII (times)		0.50x
RII (times)		1.31x
Employee (times)
Other (times)	6.93x
Total (times)	6.74x	2.18x

Compare with others

Bharat Highways InvIT	Juniper Hotels IPO
SRM Contractors IPO	Gopal Namkeen IPO
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Gopal Namkeen IPO	JG Chemicals IPO
Krystal Integrated Services IPO	Bharat Highways InvIT
JG Chemicals IPO	GPT Healthcare IPO
GPT Healthcare IPO	Vibhor Steel Tubes IPO
Juniper Hotels IPO	Entero Healthcare Solutions IPO
Vibhor Steel Tubes IPO	Exicom Tele-Systems IPO
Entero Healthcare Solutions IPO	Capital SFB IPO
Exicom Tele-Systems IPO	Jana SFB IPO

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