External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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Equity Bottom-Up

<ul><li>Juniper reported a 27.3% YoY growth, with ARR increasing to Rs 9,879 (+3.8% YoY) and occupancy reaching 71% during the quarter.</li><li>However, due to certain key rooms being out of service, the like-to-like occupancy rate was 77%.</li><li>The upper upscale and upper segment reported RevPAR growth rates of 3% and 10% and 6% YoY, respectively. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Juniper reported a 27.3% YoY growth, with ARR increasing to Rs 9,879 (+3.8% YoY) and occupancy reaching 71% during the quarter.However, due to certain key rooms being out of service, the like-to-like occupancy rate was 77%.The upper upscale and upper segment reported RevPAR growth rates of 3% and 10% and 6% YoY, respectively. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Juniper Hotel Ltd - Riding the Upcycle; Maintain Buy

<ul><li>Value-unlocking Initiatives: Juniper Hotel Ltd. recently announced a strategic acquisition of a five-star hotel near Bangalore Airport from M/s. Twenty Fourteen Hotels India Private Limited, as per its August 30, 2024 press release.</li><li>The property, formerly branded by Marriott, offers 220 keys on a 6.5-acre site.</li><li>The transaction, estimated to range between Rs 250-300 Cr, will be financed through a combination of debt and internal accruals. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Value-unlocking Initiatives: Juniper Hotel Ltd. recently announced a strategic acquisition of a five-star hotel near Bangalore Airport from M/s. Twenty Fourteen Hotels India Private Limited, as per its August 30, 2024 press release.The property, formerly branded by Marriott, offers 220 keys on a 6.5-acre site.The transaction, estimated to range between Rs 250-300 Cr, will be financed through a combination of debt and internal accruals. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Juniper Hotels Ltd - Expansion of Portfolio Through Brownfield Acquisitions

APAC IPOs & Placements, Aequitas Research

Akshat Shah

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Ventive Hospitality Ltd / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/ventive-hospitality-ltd" target="_blank" data-smartkarma-citation="entities:43933:1" rel="noopener">Ventive Hospitality Ltd (0807075D IN)</a> is looking to raise about US$188m in its India IPO. The deal, a fresh issue of shares, is downsized from an earlier size of ~US$240m.</li>
<li>Ventive Hospitality Limited (VHL) is the largest hospitality asset owner amongst public listed market peers, focused primarily on luxury offerings across business and leisure in India and Maldives.</li>
<li>We have looked at the company’s past performance in our previous notes. In this note, we will talk about the IPO valuations.</li>
</ul>



Ventive Hospitality Ltd (0807075D IN) is looking to raise about US$188m in its India IPO. The deal, a fresh issue of shares, is downsized from an earlier size of ~US$240m.
Ventive Hospitality Limited (VHL) is the largest hospitality asset owner amongst public listed market peers, focused primarily on luxury offerings across business and leisure in India and Maldives.
We have looked at the company’s past performance in our previous notes. In this note, we will talk about the IPO valuations.


Ventive Hospitality IPO - Quick Thoughts on Peer Comp and Valuation

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

<ul>
<li>
<a href="https://www.smartkarma.com/entities/juniper-hotels" target="_blank" data-smartkarma-citation="entities:40186:1" rel="noopener">Juniper Hotels</a> is looking to raise up to US$217m in its upcoming India IPO.</li>
<li>Juniper Hotels is the largest owner by no. of keys of Hyatt affiliated hotels in India as of 2Q23 (30th Jun 23), according to Horwath.</li>
<li>We have looked at the company’s past performance in our previous note. In this note, we provide our thoughts on valuations.</li>
</ul>



Juniper Hotels is looking to raise up to US$217m in its upcoming India IPO.
Juniper Hotels is the largest owner by no. of keys of Hyatt affiliated hotels in India as of 2Q23 (30th Jun 23), according to Horwath.
We have looked at the company’s past performance in our previous note. In this note, we provide our thoughts on valuations.


Juniper Hotels IPO - Looks Somewhat Fairly Valued

<ul>
<li>
<a href="https://www.smartkarma.com/entities/ventive-hospitality-ltd" target="_blank" data-smartkarma-citation="entities:43933:1" rel="noopener">Ventive Hospitality Ltd (0807075D IN)</a> is looking to raise about US$188m in its India IPO. The deal, a fresh issue of shares is downsized from an earlier target of ~US$240m.</li>
<li>Ventive Hospitality Limited (VHL) is the largest hospitality asset owner amongst public listed market peers, focused primarily on luxury offerings across business and leisure in India and Maldives.</li>
<li>In this note, we talk about the company’s historical performance.</li>
</ul>



Ventive Hospitality Ltd (0807075D IN) is looking to raise about US$188m in its India IPO. The deal, a fresh issue of shares is downsized from an earlier target of ~US$240m.
Ventive Hospitality Limited (VHL) is the largest hospitality asset owner amongst public listed market peers, focused primarily on luxury offerings across business and leisure in India and Maldives.
In this note, we talk about the company’s historical performance.


Ventive Hospitality Pre-IPO - Leveraging Expanded Portfolio to Drive Growth

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Juniper Hotels (6593708Z IN)

Juniper Hotel Ltd - Riding the Upcycle; Maintain Buy

Juniper reported a 27.3% YoY growth, with ARR increasing to Rs 9,879 (+3.8% YoY) and occupancy reaching 71% during the quarter.

Axis Direct

Juniper Hotels Ltd - Expansion of Portfolio Through Brownfield Acquisitions

Juniper Hotel Ltd. recently announced a strategic acquisition of a five-star hotel near Bangalore Airport from M/s. Twenty Fourteen Hotels India...

Axis Direct

Ventive Hospitality IPO - Quick Thoughts on Peer Comp and Valuation

Ventive Hospitality is looking to raise about US$188m in its India IPO. In this note, we will undertake a quick peer comparison and talk about the...

Akshat Shah

Juniper Hotels IPO - Looks Somewhat Fairly Valued

Juniper Hotels is looking to raise up to US$217m in its upcoming India IPO. We have looked at the past performance earlier. In this note, we talk...

Sumeet Singh

Ventive Hospitality Pre-IPO - Leveraging Expanded Portfolio to Drive Growth

Ventive Hospitality is looking to raise about US$188m in its upcoming India IPO. In this note, we talk about the company’s historical performance.

Akshat Shah

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)