Jungle Camps India, a collection of four award-winning wildlife and conservation-focused lodges, is ready to raise ₹29.42 Crores through a fresh issue of 40.86 lakh shares in its upcoming IPO. The company, known for its immersive wildlife experiences in India’s pristine wilderness, offers a chance for investors to join a business focused on redefining luxury through nature-based experiences. The IPO will open on December 10, 2024, and close on December 12, 2024, with a tentative listing date on December 17, 2024 on the BSE SME platform.

The price band for the IPO has been set between ₹68 and ₹72 per equity share, giving the company a market capitalization of ₹111.58 Crores at the upper price band. Investors must invest a minimum of ₹1,15,200 for retail investors (1,600 shares) and ₹2,30,400 for HNIs (2 lots or 3,200 shares).

Grey Market Premium (GMP) and Listing Expectations
As of December 10, 2024, the Grey Market Premium (GMP) for Jungle Camps India’s IPO stands at ₹53, indicating a potential 73.80% listing gain from the IPO price of ₹72. The GMP trend shows increasing investor confidence, as the listing price is expected to be around ₹125, well above the issue price. However, it is important to note that trading in the grey market is unregulated, and prices can fluctuate based on demand and supply.

Jungle Camps India Limited Day Wise IPO GMP Trend:

Jungle Camps India IPO Subscription Status
The live subscription status of the Jungle Camps India IPO indicates strong demand. As of 12:30 PM on December 11, 2024, the IPO has been subscribed 74.68 times on its second day of subscription. Retail investors and HNIs are showing substantial interest, with the subscription numbers set to increase as the final date approaches.

Jungle Camps India IPO Anchor Investors
Jungle Camps India has successfully raised ₹8.38 Crores from anchor investors, with 11,63,200 equity shares allocated at a price of ₹72 per share. The Anchor Investors play a crucial role in setting the stage for the IPO’s success, and this substantial investment indicates confidence in the company's growth trajectory.

Objectives of Jungle Camps India Limited IPO
The fresh issue proceeds will be used for the following purposes:

1. ₹700 Lakhs for capital expenditure towards project development at Sanjay Dubri National Park, Madhya Pradesh.
2. ₹350 Lakhs for renovation of the existing Pench Jungle Camp at Pench National Park.
3. ₹1,150 Lakhs for investment in Madhuvan Hospitality Private Limited (MHPL), particularly for a project in Mathura.
4. General Corporate Purposes.

Financial Performance of Jungle Camps India
For the fiscal year 2024, Jungle Camps India recorded revenues of ₹1,810.61 Lakhs, showing growth from ₹1,124.55 Lakhs in 2023 and ₹781.17 Lakhs in 2022. The EBITDA for FY24 was ₹668.45 Lakhs, reflecting a solid growth trajectory, while the Profit After Tax (PAT) stood at ₹359.16 Lakhs. The company's P/E ratio stands at 9.21x pre-issue and 31.07x post-issue, while the industry’s average P/E ratio is 121.98x, suggesting that the IPO is fairly priced compared to the broader market.

Jungle Camps India IPO Review & Recommendation
Jungle Camps India’s IPO presents an exciting opportunity, particularly for investors seeking listing gains. The GMP of ₹53 and strong subscription rates signal good potential for a solid listing. The company’s financial performance shows growth, and the use of IPO proceeds for expansion and renovation could enhance its business model and profitability.

Given the IPO’s fair pricing, strong growth potential, and the company’s focus on conservation and luxury experiences, we recommend risky investors to apply for the IPO, either for listing gains or as a long-term investment.

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