Jungle Camps IPO subscribed overall 494.30 times on the last day, a retail quota was subscribed over 550.66 times, QIB was subscribed over 196.52 times, and NII was subscribed over 760.42 times respectively.
Details About Jungle Camps IPO
Jungle Camps got approval from SEBI for an IPO of ₹29.42 crores to raise funds and maintain financial stability. This IPO was entirely a fresh issue of ₹29.42 crores with a face value of ₹10 each. Moreover, the company has set up a price band between ₹68 to ₹72 per share. In this IPO total of 1,600 shares were available in 1 lot size for the minimum Retail category and maximum as well. While S- HNI total of 3,200 shares in 2 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,15,200.
- SHNI (S-HNI): Minimum investment of ₹2,30,400.
Subscription duration of Jungle Camps IPO
This IPO started on December 10, 2024, and closed on December 12, 2024. The investor’s allotment date was December 13, 2024, and they received a refund on December 16, 2024.
Funds Deployment of This IPO
- To meet the capital expenditure for the project development at Sanjay Dubri National Park, Madhya Pradesh.
- To meet capital expenditure for the renovation of the existing resort Pench Jungle Camp, at Pench National Park, Madhya Pradesh.
- Investment in our Subsidiary, Madhuvan Hospitality Private Limited (“MHPL”) concerning capital expenditure for the project development at Mathura Hotel Project, Mathura.
- General Corporate Purposes (Collectively referred to as the “Objects”)
About Jungle Camps Company
Incorporated in 2002, Jungle Camps is one of the leading companies that offer eco-friendly camps to guests close to beautiful nature and the environment. They started this business by inventing its first lodge pench jungle camp offering quest a close connection with the jungle. They started offering camps for not just business but also providing their guest with a piece of Indian wildlife, leaving them with a memorable and luxurious experience. As of now, Jungle Camps have collected four award-winning boutique resorts at Prime Wildlife and Tiger Reserves National Park. Moreover, with its subsidiaries, Jungle Camps own 87 rooms, including villas, cottages, deluxe rooms, and safari tents. They also offer other facilities such as banquet halls, meeting rooms, restaurants, bars, cafés, swimming pools, spa facilities, and other associated facilities. Jungle Camps India Limited experienced a 61.01% growth in revenue and a remarkable 699.55% increase in profit after tax (PAT) for the financial year ending March 31, 2024, compared to the previous year ending March 31, 2023.
Jungle Camps Company’s Financial Background
The company reported revenue of ₹17.49 crore in 2024 against ₹11.10 crore in 2023. The company reported a Profit of ₹3.59 crores in 2024 against a Profit of ₹0.45 crores in 2023.
