Jungle Camps India Limited, a hospitality company focusing on wildlife lodges and resorts, is set to launch its Initial Public Offering (IPO) on December 10, 2024. The subscription period for this IPO will close on December 12, 2024. Here’s a simple breakdown of all the important details and why investors are buzzing about this IPO.
Key Details of Jungle Camps India IPO
- IPO Open Date: December 10, 2024
- IPO Close Date: December 12, 2024
- Price Band: ₹68 to ₹72 per share
- Face Value: ₹10 per equity share
- Minimum Lot Size: 1,600 shares
- Allocation Structure:
- Retail Investors: 35%
- Qualified Institutional Buyers (QIBs): 50%
- High Net-Worth Individuals (HNWIs): 15%
Jungle Camps India Limited was established in 2002 by Gajendra Singh Rathore. The company offers unique wildlife experiences through its resorts and lodges located in national parks and wildlife sanctuaries across India. The company’s mission is to provide eco-friendly stays that connect visitors with nature and promote conservation.
Jungle Camps India has built a reputation for offering exceptional hospitality while ensuring sustainable tourism. This makes the company a strong player in India’s fast-growing wildlife tourism industry.
Details of the IPO
The IPO consists of a fresh issue of 40,86,400 equity shares, which will raise ₹29.42 crore at the upper end of the price band. There is no Offer for Sale (OFS) component in this IPO, meaning all the proceeds will go directly to the company for growth and expansion.
As of now, the Grey Market Premium (GMP) for Jungle Camps India IPO stands at ₹75. This means that shares are trading at a premium of ₹75 in the grey market. At the upper price band of ₹72, this suggests a possible listing price of ₹147 per share a 104.17% increase over the issue price.
The GMP reflects strong interest from investors, but it’s important to note that the grey market is not an official market and its premiums can be volatile.
The Jungle Camps India IPO is an opportunity to invest in a company that combines hospitality with sustainability in India’s flourishing tourism sector. However, as with any investment, it’s essential to research the company’s financials and understand market risks before making a decision.
Whether you’re a retail investor or an institutional buyer, this IPO offers a chance to be part of a growing industry while supporting eco-friendly tourism. Always consult a financial advisor before investing.
