Juniper Hotels Ltd (Ticker: Pending) is set to launch an IPO aiming to raise $217 million, starting February 21. This hotel company, known for operating dining restaurants, cafes, bars, spas, rooms, and suites, also provides venues for meetings, weddings, conferences, and events, serving customers globally. As a partner of Hyatt Hotels in India, Juniper Hotels Ltd. boasts a portfolio that includes seven hotels and serviced apartments under the Hyatt brand, representing nearly 20% of the Hyatt-affiliated hotel rooms and apartments in the country.

The IPO, managed by JM Financial, CLSA India Pvt., and ICICI Securities, seeks funds for expansion and to strengthen Juniper Hotels' presence in the hospitality sector. Bookbuilding will conclude before Feb. 23, with the listing expected on February 28.