Juniper Resorts IPO
Juniper Resorts, which runs resorts underneath the “Hyatt” model, plans to lift as much as Rs 1,800 crore by way of the IPO which is a whole recent difficulty of fairness shares with no OFS element. A potential pre-IPO placement of as much as Rs 350 crore could scale back the problem measurement.
The corporate proposes to make use of the online proceeds of Rs 1,500 crore in direction of reimbursement, prepayment, or redemption, in full or partially, of sure excellent borrowings (together with fee of the curiosity accrued thereon) availed by the corporate and its subsidiaries and for normal company functions.
Juniper Resorts is co-owned by Saraf Resorts Restricted and Two Seas Holdings Restricted, an affiliate of the outstanding world hospitality entity, Hyatt Resorts Company. It capabilities as a luxurious resort improvement and possession enterprise, and owns 20% of the overall 1836 “Hyatt” affiliated resort keys in India as of June 30, 2023, as outlined within the Horwath Report cited within the DRHP. The corporate manages a various portfolio consisting of seven resorts and serviced flats.
Their resorts and serviced flats span throughout varied classes together with luxurious, higher upscale, and upscale, situated throughout six strategic cities in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi. Notably, the Grand Hyatt Mumbai Lodge and Residences holds the excellence of being the most important resort in India.
For the fiscal 12 months 2023, income from operations elevated by 116.03% to Rs 666.85 crore in opposition to Rs 308.69 crore a 12 months in the past. Internet loss narrowed to Rs 1.5 crore in fiscal 2023 over Rs 188.03 crore in fiscal 2022.
Arkade Builders IPO
Mumbai-based actual property participant Arkade Builders plans to lift Rs 430 crore by way of the IPO by the use of a recent difficulty of shares. The corporate proposes to make the most of the online proceeds in direction of the event of their ongoing Tasks (viz. Arkade Nest), and their upcoming Tasks; and funding acquisition of future actual property initiatives and normal company functions.Arkade Builders’ income in fiscal 2023, Fiscal 2022 and Fiscal 2021 are Rs 2,240.13 million, Rs 2,371.82 million, and Rs 1,131.85 million, respectively and income from operations has grown at a CAGR of 26.69% between Fiscal 2021 and Fiscal 2023. All of their initiatives have been, and are, within the MMR, Maharashtra.
As of July 31, 2023, they’ve developed 1.80 million sq. toes of residential property (together with by way of partnership entities by which Arkade holds the bulk stake). They’re engaged within the improvement of latest initiatives and redevelopment of current premises, and between 2017 and Q1 2023, have launched 1,040 residential items and offered 792 residential items in several markets within the MMR, Maharashtra.
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