Jungle Camps India IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

Jungle Camps are a collection of four award winning, wildlife and conservation focused lodges that are set amidst the pristine wilderness to help us truly connect with nature. The philosophy of redefining luxury through immersive experiences finds its most intimate expression in their bespoke wildlife programs designed by the safari specialists. Intended for travellers who seek extraordinary in simplicity, they promise us a restorative experience as we witness the magnificence of Indian wildlife up close.

Jungle Camps India, an Book Built Issue amounting to
 ₹29.42 Crores, consisting entirely an Fresh Issue of 40.86 Lakh Shares. The subscription period for the Jungle Camps India IPO opens on December 10, 2024, and closes on December 12, 2024. The allotment is expected to be finalized on or about Friday, December 13, 2024, and the shares will be listed on the BSE SME with a tentative listing date set on or about Tuesday, December 17, 2024.

The Share price band of Jungle Camps India IPO is set at ₹68 to ₹72 per equity share. The Market Capitalisation of the Jungle Camps India Limited at IPO price of ₹72 per equity share will be ₹111.58 Crores. The lot size of the IPO is 1,600 shares. Retail investors are required to invest a minimum of ₹1,15,200, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (3,200 shares), amounting to ₹2,30,400.

KHAMBATTA SECURITIES LIMITED is the book-running lead manager while SKYLINE FINANCIAL SERVICES PRIVATE LIMITED is the registrar for the Issue.

Jungle Camps India Limited IPO GMP Today
The Grey Market Premium of Jungle Camps India Limited IPO is expected to be ₹62 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Jungle Camps India Limited Day Wise IPO GMP Trend

DateIPO PriceExpected Listing PriceGMPLast Updated 
13 December 2024₹ 72₹ 134₹ 62 (86.11%)02:30 PM; 13 Dec 2024
12 December 2024₹ 72₹ 134₹ 62 (86.11%)06:00 PM; 12 Dec 2024
11 December 2024₹ 72₹ 125₹ 53 (73.80%)06:00 PM; 11 Dec 2024
10 December 2024₹ 72₹ 125₹ 53 (73.80%)06:00 PM; 10 Dec 2024
09 December 2024₹ 72₹ 123₹ 51 (70.59%)06:00 PM; 09 Dec 2024
06 December 2024₹ 72₹ 116₹ 44 (60.93%)05:00 PM; 06 Dec 2024
04 December 2024₹ 72₹ 116₹ 44 (60.93%)05:00 PM; 04 Dec 2024
03 December 2024₹ 72₹ 86₹ 14 (19.44%)06:00 PM; 03 Dec 2024
02 December 2024₹ 72₹ 86₹ 14 (19.44%)06:00 PM; 02 Dec 2024


Jungle Camps India Limited IPO Live Subscription Status Today: Real-Time Updates
As of 07:30 PM on 12 December 2024, the Jungle Camps India IPO live subscription status shows that the IPO subscribed 459.74 times on its Final day of subscription periodCheck the Jungle Camps India IPO Live Subscription Status Today at BSE.

Jungle Camps India IPO Anchor Investors Report
Jungle Camps India has raised ₹8.38 Crores from Anchor Investors at a price of ₹72 per shares in consultation of the Book Running Lead Managers. The company allocated 11,63,200 equity shares to the Anchor Investors. 
Check Full List of 
Jungle Camps India Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion.

Jungle Camps India Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Jungle Camps India IPO allotment date is 13 December, 2024, Friday. Jungle Camps India IPO Allotment will be out on 13th December 2024 and will be live on Registrar Website from the allotment date. Check Jungle Camps India IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Jungle Camps India Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Jungle Camps India Limited IPO
Jungle Camps India Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. 700.00 Lakhs is required to meet capital expenditure for the project development at Sanjay Dubri National Park, Madhya Pradesh.
2. 
350.00 Lakhs is required to meet capital expenditure for renovation of existing resort Pench Jungle Camp, at Pench National Park, Madhya Pradesh.
3. 
1,150.00 Lakhs is required for Investment in their Subsidiary, Madhuvan Hospitality Private Limited (“MHPL”) in relation to capital expenditure for the project development at Mathura Hotel Project, Mathura.
4. General Corporate Purposes

Jungle Camps India IPO Details

IPO Date December 10, 2024 to December 12, 2024
Listing Date December 17, 2024
Face Value ₹10
Price ₹68 to ₹72 per share
Lot Size 1,600 Equity Shares
Total Issue Size 40,86,400 Equity Shares (aggregating to ₹29.42 Cr)
Fresh Issue 40,86,400 Equity Shares (aggregating to ₹29.42 Cr)
Offer for Sale NIL
Issue Type Book Built Issue
Listing At BSE SME
Share holding pre issue 1,14,12,072
Share holding post issue 1,54,98,472

Jungle Camps India IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1,600 ₹1,15,200
Retail (Max) 1 1,600 ₹1,15,200
S-HNI (Min) 2 3,200 ₹2,30,400
S-HNI (Max) 8 12,800 ₹9,21,600
B-HNI (Min) 9 14,400 ₹10,36,800

Jungle Camps India IPO Timeline (Tentative Schedule)

IPO Open Date Tuesday, December 10, 2024
IPO Close Date Thursday, December 12, 2024
Basis of Allotment Friday, December 13, 2024
Initiation of Refunds Monday, December 16, 2024
Credit of Shares to Demat Monday, December 16, 2024
Listing Date Tuesday, December 17, 2024
Cut-off time for UPI mandate confirmation 5 PM on December 12, 2024

Jungle Camps India IPO Reservation

Investor Category Shares Offered Reservation %
QIB Portion 19,40,800 Not More than 50% of the Issue
Non-Institutional Investor Portion 5,82,240 Not Less than 15% of the Issue
Retail Shares Offered 13,58,560 Not Less than 35% of the Issue
Market Maker Portion 2,04,800 5.01% of the Issue

Jungle Camps India IPO Promoter Holding

Share Holding Pre Issue 94.57%
Share Holding Post Issue 69.63%

Jungle Camps India IPO Subscription Status

Investor Category Shares Offered Shares Bid For No oF Times Subscribed
Qualified Institutional Buyers (QIB) 7,77,600 15,28,12,800 196.52
Non Institutional Investors(NIIS) 7,87,200 44,30,73,600 562.85
Retail Individual Investors (RIIs) 13,58,400 74,80,16,000 550.66
Total 29,23,200 1,34,39,02,400 459.74

About Jungle Camps India Limited

Founded in 2002, Jungle Camps India is focused on delivering the luxury with conservation focused camps were set up not only as a business venture but to offer their guests a unique and memorable experience in the most natural and rustic environment. The aim was to offer authentic, responsible and immersive experience to every guest and to showcase the best Indian wildlife and hospitality has to offer.

The 
Company is a conservation focused hospitality group with a collection of four award winning boutique resorts located at prime wildlife and tiger reserves national parks across central India, a highway retreat, a restaurant and many other bespoke travel related experiences. Currently, their Company along with its subsidiary companies owns and manages total of 87 room accommodation which includes villa, cottages, deluxe rooms, safari tents etc along with other infrastructure including banquet halls, meeting rooms, restaurants, bars, cafés, swimming pool, spa facilities and other associated amenities and facilities.

As part of their expansion plans, the Company has acquired leasehold rights for 4 additional hospitality projects with proposed 170 room accommodation on consolidated basis along with other associated infrastructure. On commencement of these projects, the Company will own and manage a total of 7 projects comprising of 4 boutique wildlife resorts, 1 Heritage hotel, 1 highway motel along with a restaurant and 1 highway restaurant and 3 projects comprising of 2 boutique wildlife resorts and 1 highway restaurant.

The brand is well recognised in niche segment of wildlife and nature-based tourism. Their resorts have secured awards from leading global portals such as “Trip Advisor Travellers Choice” from Trip Advisor at the award ceremony in the year 2023, “Trip Advisor Best Wildlife Resort in India” on the occasion of Global Excellence Award, 2019 and Best Eco-Friendly Hotel from MP Tourism in the Year 2018. The Company has also been awarded by the Madhya Pradesh State Tourism in the Year 2009.

As on date, Jungle Camps India have the total 162 Employees. The Bankers of the Company are BANK OF BARODA and HDFC BANK LIMITED.

INDIAN TOURSIM AND HOSPITALITY INDUSTRY
With a total area of 3,287,263 sqkm extending from the snow-covered Himalayan heights to the tropical rain forests of the south, India has a rich cultural and historical heritage, variety in ecology, and terrains of natural beauty spread across the country. This presents a significant opportunity to exploit the commercial potential of the tourism sector.

India being one the most popular travel destinations across the globe, the Indian tourism and hospitality industry has emerged as one of the key growth drivers for the country’s services sector. Tourism is an important source of foreign exchange for the Indian economy like many other countries, driven by large numbers of international tourist arrivals.

It is widely acknowledged that the tourist and hospitality sector, which encompasses travel and hospitality services like hotels and restaurants, is a development agent, a catalyst for socioeconomic growth, and a significant source for earning foreign exchange. India's rich and exquisite history, culture, and diversity are showcased through tourism which, in turn, offers significant economic benefits. The consistent efforts of the central and state governments have helped the tourism industry to recover from the Covid-19 pandemic’s shock and return to prepandemic levels.

According to the World Travel & Tourism Council (WTTC), India was ranked 10th among 185 countries in terms of travel and tourism’s total contribution to GDP in 2019. The contribution of the travel and tourism sector to India's economy was worth Rs. 15.9 tn (US$ 191.3 bn) in 2022.

According to WTTC, over the next decade, the GDP contribution of India’s travel and tourism sector is expected to grow at an average of 7.8% annually. In 2020, the Indian tourism sector accounted for 39 million jobs, which was 8% of the total employment in the country.

In 2021, the travel and tourism industry’s contribution to India’s GDP was US$ 178 billion, as it is expected to reach US$ 512 bn by 2028. By 2029, the industry is seen to account for approximately 53 million jobs. The tourism sector’s direct contribution to the GDP is expected to record an annual growth rate of 7%-9% between 2019 and 2030.

The travel market in India is projected to reach US$ 125 bn by FY27 from an estimated US$ 75 bn in FY20. The Indian airline travel market was estimated at ~US$ 20 bn and is projected to double in size by FY27, driven by improving airport infrastructure and growing access to passports. The Indian hotel market including domestic, inbound and outbound was estimated at ~US$ 32 bn in FY20 and is expected to reach ~US$ 52 bn by FY27, driven by expanding demand from travellers and increases in travel agents’ activity.

International tourist arrivals in India are expected to reach 30.5 billion and generate revenues of over US$ 59 bn by 2028. However, domestic tourists are expected to be a bigger growth driver post-pandemic. International hotel chains have been expanding their presence in the country as they are estimated to have accounted for a 47% share of India’s tourism and hospitality sector in 2020 and 50% in 2022.

As per the Ministry of Tourism, Foreign Tourist Arrivals (FTA) in October 2023 were 8,11,411. FTA during the period January-October 2023 was 72,43,680, compared to 46,55,160 in January-October 2022.

The percentage share of FTA in India in October 2023 among the top 5 ports of entry was the highest at Delhi Airport (34.74%), followed by Mumbai Airport (14.75%), Haridaspur Land Check Post (9.03%), Chennai Airport (7.05%), and Bengaluru Airport (5.71%). FTA during the period January-September 2023 was 6.43 million.

The percentage share of FTA in India in October 2023 among the top 5 source countries was highest for Bangladesh (21.41%), followed by the US (15.65%), the UK (11.27%), Australia (4.38%), and Canada (3.81%).Foreign Exchange Earnings (FEE) during the period January-October 2023 were US$ 22.32 bn.

While domestic tourist spending increased by 20.4% y-o-y in 2022 (14.1% below 2019-levels), international visitor spending rose by 81.9% in 2022 (40.4% below 2019-levels). FDI equity inflow in the hotel and tourism industry was US$ 17.29 bn during the period April 2000-September 2023, which constituted 2.6% of the total FDI inflow received across sectors.

JUNGLE CAMPS INDIA LIMITED COMPETITIVE STRENGTHS
1. 
Experienced Promoters and Management Team
2. 
Robust Processes and Scalable Model Backed by Experienced Team
3. 
Strategic Locations
4. 
Focus on Guests Needs
5. 
Generation of Local Employment

JUNGLE CAMPS INDIA LIMITED GROWTH STRATEGIES
1. Improving their functional efficiency
2. Customer Satisfaction
3. Brand Image
4. Leveraging their market skills and relationship

JUNGLE CAMPS INDIA LIMITED RISKFACTORS & CONCERNS
1. The hospitality industry is affected by consumer preferences and perceptions.
2. Land title in India can be uncertain and they may not be able to identify or correct defects or irregularities in title to the land which they own, lease or intend to acquire.
3. A significant portion of their revenues are derived from a few Resorts and from hotels concentrated in a few geographical regions.
4. The extent and reliability of Indian infrastructure such as electricity and water supply may adversely affect the Company’s results of Operations and financial condition.

Jungle Camps India Limited Financial Information (Restated Consolidated)

Amount in (₹ in Lakh)

Period Ended Mar 31, 2024 Mar 31, 2023 Mar 31, 2022
Reserve of Surplus 1,120.39 717.80 547.26
Total Assets 2,943.39 1,840.50 1,892.07
Total Borrowings 410.31 317.69 391.29
Fixed Assets 2,175.53 1,412.79 1,239.02
Cash 235.49 109.94 162.96
Net Borrowing 174.82 207.75 228.33
Revenue 1,810.61 1,124.55 781.17
EBITDA 668.45 165.71 189.18
PAT 359.16 44.92 72.86
EPS 7.82 1.42 3.04

Note 1:- RoE & ROCE calculation in KPI is based on 31st Mar, 2024 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit for the Year) on 31st Mar, 2024 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2024 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on 31st Mar, 2024 Data, given in FINANCIAL EXPRESS & DRHP.

Key Performance Indicator

KPI Values
EPS Pre IPO (Rs.) ₹7.82
EPS Post IPO (Rs.) ₹2.32
P/E Pre IPO 9.21
P/E Post IPO 31.07
ROE 20.01%
ROCE 24.75%
P/BV 2.71
Debt/Equity 0.23
RoNW 20.01%

Jungle Camps India Limited IPO Peer Comparison

Company Name EPS ROCE ROE P/E (x) P/Bv Debt/Equity RoNW (%)
Jungle Camps India ₹2.32 24.75% 20.01% 31.07 2.71 0.23 20.01%
Best Eastern Hotels Limited ₹0.09 10.0% 6.21% 175 10.9 0.75 6.21%
The Byke Hospitality Limited ₹1.31 4.58% 3.12% 66.5 1.79 0.32 3.12%
Espire Hospitality Limited ₹1.96 10.4% 126% 101 61.9 17.6 126%
Ras Resorts and Apart Hotels Limited ₹0.91 3.43% 0.86% 56.7 1.02 0.28 0.86%
Jungle Camps India Limited Contact Details

JUNGLE CAMPS INDIA LIMITED

221-222/9, 2nd Floor, Som Dutt Chamber-II, Bhikaji Cama Place, New Delhi-110066, India
Contact Person : Ms. Parul Shekhawat
Telephone : +91-011-41749354
Email ID : legal@junglecampsindia.com
Website : https://junglecampsindia.com/

Jungle Camps India IPO Registrar and Lead Manager(s)

Registrar : SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
Telephone : 022 6263 8200
Contact Person : Mr. Anuj Rana
Email ID : ipo@bigshareonline.com
Website : https://www.skylinerta.com/

Lead Manager : KHAMBATTA SECURITIES LIMITED
Telephone : +91-9953989693, 0120-4415469
Contact Person : Mr. Chandan Mishra; Ms. Nisha Shaw
Email ID : ipo@khambattasecurities.com
Website : https://www.khambattasecurities.com/

Jungle Camps India IPO Review

Jungle Camps are a collection of four award winning, wildlife and conservation focused lodges that are set amidst the pristine wilderness to help us truly connect with nature. The philosophy of redefining luxury through immersive experiences finds its most intimate expression in their bespoke wildlife programs designed by the safari specialists. Intended for travellers who seek extraordinary in simplicity, they promise us a restorative experience as we witness the magnificence of Indian wildlife up close.

The Company is led by strong and experienced Promoters, namely, 
MR. GAJENDRA SINGH, MS. LAXMI RATHORE, MR. YASHOVARDHAN RATHORE, MR. RANVIJAY SINGH RATHORE AND G S RATHORE HUF.

The revenues from operations for Fiscals ended 2024, 2023 and 2022 were ₹1,810.61 Lakhs, ₹1,124.55 Lakhs and ₹781.17 Lakhs respectively. The EBITDA for Fiscals ended 2024, 2023 and 2022 were ₹668.45 Lakhs, ₹165.71 Lakhs, and ₹189.18 Lakhs, respectively. The profit after tax for Fiscals ended 2024, 2023 and 2022 were ₹359.16 Lakhs, ₹44.92 Lakhs, and ₹72.86 Lakhs respectively.

For the Jungle Camps India IPO, the company is issuing shares at a pre-issue EPS of 7.82 and a post-issue EPS of ₹2.32. The pre-issue P/E ratio is 9.21x, while the post-issue P/E ratio is 31.07x against the Industry P/E ratio is 121.98x. The company's ROCE for FY24 is 24.75% and RoE for FY24 is 20.01%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Jungle Camps India showing potential listing gains of 86.11%. Given the company's financial performance and the valuation of the IPO, we recommend Risky Investors to Apply to the Jungle Camps India Limited IPO for Listing gain or long term investment purposes.


Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 

About the Author
 CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms during the training period. He is good at Technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.
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