Jungle Camps India Limited, a unique blend of award-winning wildlife lodges set in pristine natural surroundings, is gearing up for its IPO, which opens on December 10, 2024, with a price range of ₹68 to ₹72 per share. The IPO, a Book Built Issue amounting to ₹29.42 crores, consists entirely of a fresh issue of 40.86 lakh shares. The company is led by experienced promoters who are dedicated to providing immersive wildlife experiences, making it an attractive option for investors seeking to capitalize on India’s growing eco-tourism market.

The subscription period for the IPO closes on December 12, 2024, with the allotment expected by December 13, 2024, and a tentative listing date on December 17, 2024, on the BSE SME platform. The Grey Market Premium (GMP) for the IPO has shown promising trends, with a current GMP of ₹44, indicating a potential listing gain of 60.93%. This reflects growing investor confidence based on the company’s impressive financials.

Jungle Camps India has demonstrated strong growth in recent years, with revenues of ₹1,810.61 lakh for the fiscal year 2024, a significant increase from ₹1,124.55 lakh in 2023. Their EBITDA has also risen substantially, reaching ₹668.45 lakh in FY24. The company’s profit after tax for FY24 stood at ₹359.16 lakh, further solidifying its financial health. These metrics suggest that the IPO is reasonably priced, with a pre-issue P/E ratio of 9.21x and a post-issue P/E ratio of 31.07x, compared to the industry average of 121.98x.

The IPO funds will be allocated to key capital expenditure projects, including the development of Sanjay Dubri National Park and Pench Jungle Camp in Madhya Pradesh, as well as an investment in their subsidiary Madhuvan Hospitality Private Limited for a Mathura hotel project. These projects underscore Jungle Camps India’s growth potential and commitment to sustainable, luxury eco-tourism.

The Upcoming IPOs in this week and coming weeks are Dhanlaxmi Corp, Jungle Camps, Toss The Coin, Purple United, Rosmerta Digital and Avanse Financial.

The Current active IPO is Nisus Finance and Emerald Tyre Manufacturers.

Retail investors will need a minimum investment of ₹1,15,200 for one lot of 1,600 shares, while High-Net-Worth Individuals (HNIs) must invest ₹2,30,400 for two lots. The IPO's performance in the Grey Market and its solid financials make it a promising opportunity for investors seeking listing gains or long-term growth.

The allotment date for the Jungle Camps India IPO is December 13, 2024. To check your allotment status, visit the registrar’s website, select the Jungle Camps India IPO, and enter your details.

Jungle Camps India IPO Review:
Given the company's financial growth, positive GMP, and unique position in the eco-tourism sector, the Jungle Camps India IPO presents an attractive opportunity for risk-tolerant investors. The promising outlook for the company, combined with the high demand in the grey market, suggests potential listing gains and long-term investment growth.

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