Jungle Camps India Ltd, a hospitality and wildlife experience provider, made a stellar debut on the BSE SME platform on Tuesday, December 17, 2024, with its shares listing at ₹136.80, reflecting a 90% premium over the issue price of ₹72 per share. The impressive listing highlights strong investor confidence in the company’s growth potential, solid financials, and unique business model.

The IPO, which opened on December 10 and closed on December 12, aimed to raise ₹29.42 crore at the upper price band of ₹72 per share. Jungle Camps India opted for a 100% fresh issue of 40.86 lakh shares, with no Offer for Sale (OFS) component.

Record-Breaking IPO Subscription

Jungle Camps India’s IPO garnered massive demand from investors, achieving a 494.58 times oversubscription. The breakdown of subscriptions across investor categories is as follows:

• Non-Institutional Investors (NII): Subscribed 760.48 times

• Retail Investors: Subscribed 551.20 times

• Qualified Institutional Buyers (QIB): Subscribed 198.52 times

Such overwhelming demand reflects investor confidence in the company’s business operations and growth trajectory in the hospitality sector.

Utilization of IPO Proceeds

Jungle Camps India has outlined strategic plans to utilize the funds raised from the IPO for the following key purposes:

1. Capital Expenditure for Sanjay Dubri National Park Project:

   • Development of a new wildlife and hospitality project at Sanjay Dubri National Park in Madhya Pradesh.

2. Renovation of Pench Jungle Camp Resort:

   • Refurbishment and expansion of the existing facilities at the Pench Jungle Camp, located in Pench National Park, Madhya Pradesh.

3. Investment in Mathura Hotel Project:

   • Funds will be allocated to its subsidiary, Madhuvan Hospitality Private Limited (MHPL), to cover capital expenditure for the new Mathura Hotel Project.

4. General Corporate Purposes:

   • The remaining portion of the IPO proceeds will be utilized to meet the company’s working capital requirements and support its growth strategy.

About Jungle Camps India

Founded in 2002, Jungle Camps India specializes in offering unique wildlife and hospitality experiences. The company operates a diverse portfolio of accommodations, including:

• Wildlife camps

• Hotels and motels

• Guest houses, villas, cottages, and safari tents

• Holiday homes, health clubs, and catering establishments

The company owns and manages 87 rooms spread across various formats such as villas, deluxe rooms, and safari tents. All properties are equipped with modern amenities like:

• Banquet halls

• Meeting rooms

• Restaurants, bars, and cafes

• Swimming pools and spa facilities

Jungle Camps India focuses on delivering a memorable and comfortable stay for guests while maintaining a strong commitment to sustainable tourism.

Impressive Financial Growth

Jungle Camps India has showcased remarkable financial performance in recent years. Between fiscal 2023 and fiscal 2024, the company achieved:

• Revenue Growth: 61.01% increase

• Profit After Tax (PAT): 699.55% surge

These robust financial results demonstrate the company’s ability to scale its operations efficiently while maintaining profitability. The growing demand for eco-friendly tourism and premium wildlife hospitality experiences further strengthens Jungle Camps’ market positioning.

Investor Sentiment and Industry Outlook

The success of Jungle Camps India’s IPO reflects strong investor sentiment toward the niche wildlife and eco-tourism sector. India’s tourism industry is witnessing significant growth, driven by:

• Rising domestic travel demand

• Increasing interest in sustainable tourism

• Expansion of luxury and experiential accommodations

Jungle Camps’ strategic focus on wildlife resorts and premium hospitality services aligns perfectly with these trends, positioning the company for long-term growth.

Additionally, the successful listing on the BSE SME platform further highlights the increasing confidence in SME IPOs as a viable investment avenue.

Key Highlights of Jungle Camps India IPO

Conclusion

Jungle Camps India’s stellar listing at a 90% premium reflects strong investor demand and confidence in its unique business model. With robust financial performance, ambitious growth plans, and strategic use of IPO proceeds, the company is well-positioned to capitalize on India’s booming eco-tourism and hospitality sector.

The overwhelming response to the IPO, particularly from non-institutional investors, highlights Jungle Camps India’s potential to deliver strong returns while contributing to sustainable tourism development.

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