December 5, 2024
New Delhi, India
Upcoming IPO
Jungle Camps India Limited, a hospitality company specializing in wildlife and conservation-focused accommodations, is set to launch its IPO from December 10 to December 12, 2024.
IPO Details
- Price Band: ₹68-₹72 per equity share (face value ₹10).
- Lot Size: Minimum of 1,600 shares per lot (₹115,200 investment).
- Issue Size: Fresh issuance of 40.86 lakh equity shares, aggregating ₹29.42 crore.
- Allocation:
- Retail Investors: 35%
- Qualified Institutional Buyers (QIBs): 50%
- High Net-Worth Individuals (HNIs): 15%
- Listing: Expected on BSE SME on December 17, 2024.
Company Overview
Founded in 2002 by Gajendra Singh Rathore, Jungle Camps India operates award-winning properties across India’s premier wildlife destinations, including:
- Pench Tiger Reserve
- Kanha Tiger Reserve
- Tadoba Tiger Reserve
The company currently manages 87 accommodations—spanning cottages, villas, safari tents, and more—and plans to expand with four new projects, adding 170 additional rooms.
Utilization of IPO Proceeds
Funds raised will support:
- Development at Sanjay Dubri National Park, Madhya Pradesh.
- Renovation of Pench Jungle Camp, Madhya Pradesh.
- Mathura Hotel Project via subsidiary Madhuvan Hospitality Private Limited.
- General corporate purposes.
Financial Performance
- Revenue Growth: 61.01% (FY 2023-24).
- Profit After Tax (PAT): 699.55% increase year-over-year.
- The company competes with industry players like Best Eastern Hotels Ltd, The Byke Hospitality Ltd, and Espire Hospitality Ltd.
Important Dates
- Subscription Period: December 10-12, 2024.
- Allotment Date: December 13, 2024.
- Listing Date: December 17, 2024.
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