Jungle Camps India, a conservation-focused hospitality group, is set to launch its initial public offering (IPO) on December 10, 2024. The IPO price band has been set between Rs 68 and Rs 72 per share, and the public issue will remain open for subscription until December 12, 2024.

The IPO comprises an entirely fresh issue of 40.86 lakh equity shares, enabling the company to raise Rs 29.42 crore.

The anchor book, if applicable, will open exclusively for institutional investors on December 9, 2024. The shares are set to list on the BSE SME platform on December 17, 2024.

Company Background

Founded in 2002, Jungle Camps India began its journey with the Pench Jungle Camp, a lodge in a natural forested estate. Over the years, it expanded its portfolio, adding:

• Kanha Jungle Camp (2018)
• Tadoba Jungle Camp (2021)
• Rukhad Jungle Camp (2022)

Currently, the company manages 87 rooms across various boutique wildlife resorts, highway retreats, and restaurants in Madhya Pradesh and Maharashtra. Its operational structure includes:

• Two standalone boutique wildlife resorts
• One highway retreat and restaurant
• Two boutique resorts operated via subsidiaries

Additionally, the company has launched Madhuvan Hospitality, a special purpose vehicle (SPV) for developing a 60-room, four-star hotel project in Mathura.

Utilization of IPO Proceeds

Jungle Camps India plans to use the IPO proceeds for the following purposes:

1. Development of Sanjay Dubri National Park Project (Madhya Pradesh): Rs 7 crore
2. Renovation of Pench Jungle Camp (Pench National Park, Madhya Pradesh): Rs 3.5 crore
3. Development of Mathura Hotel Project (Mathura): Rs 11.5 crore
4. General corporate purposes: Remaining funds

IPO Details and Trading Information

• IPO Dates: December 10-12, 2024
• Price Band: Rs 68-72 per share
• Issue Size: Rs 29.42 crore (entirely fresh issue)
• Listing Platform: BSE SME
• Lead Manager: Khambatta Securities

Investors can start trading in Jungle Camps India shares on the BSE SME platform from December 17, 2024.

Strategic Importance of the IPO

The IPO will provide Jungle Camps India with the necessary funding to expand its offerings and improve its existing facilities. By allocating substantial amounts to new developments in Madhya Pradesh and Mathura, the company aims to strengthen its position in the boutique wildlife hospitality sector while entering the four-star hotel space.

Why Invest in Jungle Camps India IPO?

• Growth Potential: The company’s focus on eco-tourism and boutique wildlife experiences aligns with increasing demand for sustainable travel.
• Strategic Expansion: The funds raised will significantly enhance the company’s offerings, attracting both domestic and international tourists.
• Market Opportunity: As a niche hospitality group, Jungle Camps India has a unique positioning in India’s rapidly growing tourism sector.

This IPO offers investors an opportunity to be part of a unique, conservation-focused business with clear plans for growth and expansion.

The Upcoming IPOs in this week and coming weeks are Nisus Finance, Emerald Tyre Manufacturers, Jungle Camps, Purple United, Rosmerta Digital and Avanse Financial.The Current active IPO is Ganesh Infraworld and Suraksha Diagnostic.For more details on upcoming IPOs, you can visit our page at Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi and stay updated with the latest news on IPO updates on Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance Saathi.Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.Start your Stock Market Journey and Apply in IPO by opening a Free Demat Account in Choice Broking FinX.