Jungle Camps India IPO Day 1: Check GMP, Subscription Status, Price Band, Offer Size And More

Jungle Camps India Ltd.'s Rs 29.42-crore initial public offering (IPO) opened for bidding on Tuesday and was fully subscribed in the initial few hours. The IPO consists of a fresh issue of 40.86 lakh shares with no offer-for-sale component.

Investors who want to subscribe to the Jungle Camps India IPO can check all the details here before making a decision. 

The Jungle Camps India IPO will remain open for bidding between Dec. 10 and Dec. 12. Share allotment is likely to be done on Friday, Dec. 13.

Shares will be credited to the demat accounts of successful bidders on Dec. 16, along with the initiation of refunds to non-allottees.

Shares of Jungle Camps India are likely to list on the BSE SME platform on Dec. 17.

The  Jungle Camps India IPO price band has been fixed at Rs 68 to Rs 72 per share. Retail investors have to buy at least 1,600 shares in one lot, taking the minimum investment amount to Rs 1,15,200.

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

The IPO has been subscribed 25.97 times as of 2:43 pm on Tuesday

• Qualified Institutions: 0.01 times

• Non-Institutional Buyers: 17.04 times

• Retail Investors: 44.65 times

The subscription status will be updated at regular intervals.

Jungle Camps India IPO GMP (grey market premium) was Rs 75 as of 1:01 p.m. on Dec. 10, according to InvestorGain. This indicates a potential listing gain of 104.17% over the issue price, with the listing price being Rs 147 per share.

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

Jungle Camps India Ltd. Business And Financials

Conservation-focused hospitality group Jungle Camps India Ltd. operates wildlife camps and hotels, motels, inns, guest houses, holiday homes, health clubs, catering houses and restaurants in the country. 

The company has four boutique luxury wilderness resorts in Pench National Park, Rukhad in Madhya Pradesh, Bhamdeli village in Maharashtra, and Santapur village in Madhya Pradesh.

Established in 2002, the company owns and operates 87 rooms, including villas, cottages, deluxe rooms, and safari tents.

Use Of Proceeds

Jungle Camps India will use the proceeds from the IPO to meet the capex required for its project in Sanjay Dubri National Park, Madhya Pradesh. Funds will also be used for capex required to renovate its resort in Pench National Park. The company will further use the proceeds to invest in its subsidiary, Madhuvan Hospitality Pvt. Ltd. to develop the Mathura Hotel Project in Mathura. The remaining portion of the money raised via the IPO will be used for general corporate purposes.

Financials

The company’s revenue from operations for the period ended June 30, 2024, was Rs 5.64 crore, with the net profit being 1.1 crore. In FY24, Jungle Camps India Ltd. recorded a revenue of Rs 18.1 crore, while the net profit stood at Rs 3.59 crore.

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.