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 of40.86 Lakh Shares.The subscription period for the Jungle Camps IndiaIPO 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 theBSE SMEwith a tentative listing date set on or aboutTuesday, December 17, 2024.
The Shareprice 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 whileSKYLINE FINANCIAL SERVICES
PRIVATE LIMITED is the registrar for the Issue.
Jungle Camps IndiaLimitedIPO GMP Today The Grey Market Premium of Jungle Camps IndiaLimitedIPO 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 IndiaLimitedDay Wise IPO GMP Trend
Date
IPO Price
Expected Listing Price
GMP
Last 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 IndiaLimitedIPO 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 period. Check the Jungle Camps IndiaIPO 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 IndiaIPO 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 LimitedIPO 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 LimitedIPO Jungle Camps IndiaIssue 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 tomeet capital expenditure for renovation of existing resort Pench Jungle Camp, at Pench National Park,
Madhya Pradesh.
3. ₹1,150.00 Lakhs is required forInvestment 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
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'sROCE for FY24 is 24.75% andRoE for FY24is 20.01%.These metrics suggest that the IPO is fairlypriced.
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 Applyto theJungle Camps IndiaLimitedIPO 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. You can connect with the Author on Telegram, YouTubeand Website.
Services
Section 8 Company Registration Process
Step
Process
Timeline
1
DSC & DIN application
1–2 Days
2
Name approval
1–2 Days
3
License application (Section 8)
2–3 Days
4
Incorporation filing
3–5 Days
5
Certificate issuance
Completed
Registration Timeline
Stage
Time
Complete Process
10–15 Working Days
Benefits of Section 8 Company
Benefit
Explanation
Legal Recognition
Corporate structure
Tax Benefits
12A & 80G
Limited Liability
Protect members
Better Credibility
Trust among donors
Funding Access
Grants & donations
Comparison with Other NGO Types
Feature
Trust
Society
Section 8 Company
Regulation
Moderate
Moderate
Strict
Credibility
Medium
Medium
High
Compliance
Low
Medium
High
Compliance After Registration
Compliance
Requirement
Annual Filing
Mandatory
Income Tax Filing
Required
ROC Filing
Mandatory
Audit
Required
Common Mistakes in Registration
Issue
Impact
Incorrect documents
Rejection
Wrong name selection
Delay
Missing compliance
Legal issues
👉 Finance Saathi ensures accurate and smooth registration
.webp)
