How To Check Jungle Camps India IPO Allotment Status? Find Latest GMP Here

The allotment of shares in Jungle Camps India IPO is set to be finalised on Dec. 13 following a stellar subscription during the three-day bidding period. The IPO was booked 494.58 times as investors across categories applied for 1,34,44,70,400 shares against the 27,18,400 shares on offer, as per the market tracking site Chittorgarh.

Non-institutional investors (NIIs) applied for 44,29,04,000 shares against the 5,82,400 shares set aside for the category. The NII quota was subscribed 760.48 times over the three days.

Retail investors applied for 74,87,53,600 shares as compared to 13,58,400 shares reserved for them, subscribing their portion by 551.20 times.

Qualified Institutional buyers bid for 15,28,12,800 shares in comparison with the 7,77,600 shares on offer, subscribing their quota by 196.52 times.

The price band for Jungle Camps India IPO, open for subscription between Dec. 10 and Dec. 12, was set in the range of Rs 68 and Rs 72 per share.

The Rs 29.42-crore BSE SME IPO was a fresh issue of 40.86 lakh shares with no offer-for-sale component. 

Skyline Financial Services Pvt. is the registrar for the issue, while Khambatta Securities Ltd. is its book-running lead manager. The market maker for Jungle Camps India IPO is Nikunj Stock Brokers.

Shares of Jungle Camps India Ltd. are expected to list on Tuesday, Dec. 17. 

Investors who have applied for Jungle Camps India IPO can check its share allotment status on the websites of BSE and the registrar.

• Open the Application Status page of BSE here

• From the dropdown menu, choose Equity

• Select 'Jungle Camps India Limited' from the list of companies

• Enter your IPO application number or details of PAN 

• Verify the captcha by clicking on the 'I am not a Robot' box

• Click the Submit button to check the details of the allotment status

• Visit the website of the registrar Skyline Financial Services Pvt. Ltd here

• Select Jungle Camps India Limited from the 'Check Application Status' option

• Choose either DPID/Client ID, Application Number or PAN

• Enter the details in line with your selection

• Click 'Search' to see the allotment status

Jungle Camps India IPO GMP (grey market premium) was Rs 60 as of 5:03 am on Dec. 13, as per InvestorGain. This implies a gain of 83.33%, with the listing price being Rs 132 apiece on the upper end of the price band.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

Use of Proceeds

Jungle Camps India will use the proceeds from the IPO to fund capex for its new Sanjay Dubri National Park project in Madhya Pradesh and to renovate its resort in Pench National Park. The proceeds will also be used to invest in the company's subsidiary Madhuvan Hospitality Pvt. for developing the Mathura Hotel Project. The remaining money will be used for general corporate purposes.

About Jungle Camps India Ltd. 

Jungle Camps India Ltd. is a hospitality group focussed on conservation. It operates wildlife camps and hotels, guest houses, holiday homes, motels, inns, health clubs, catering houses and restaurants across India.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.