The Initial Public Offering (IPO) of Jungle Camps India Limited, a hospitality company, opened for subscription on December 10, 2024, and is set to close on December 12, 2024. The company aims to raise ₹29.42 crore through this offering. This IPO is being offered on the BSE SME (Small and Medium Enterprises) platform, and the price band for the issue has been set between ₹68 and ₹72 per equity share.
Subscription Status and Investor Interest
The Jungle Camps India IPO has received a remarkable response from investors. As of the third day of bidding, the IPO has been subscribed 494.58 times in total. This strong interest indicates that investors are eager to buy shares in the company. The retail portion of the IPO, which is available to individual investors, has been subscribed an impressive 551.20 times. This shows the excitement among retail investors to get a share of this public issue.
The Non-Institutional Investor (NII) category, which includes high-net-worth individuals, has seen an even stronger demand, with a subscription rate of 760.48 times. Meanwhile, the Qualified Institutional Buyer (QIB) segment, which is typically reserved for large institutional investors, has been subscribed 196.52 times. This high level of subscription across all investor categories suggests that Jungle Camps India has captured the interest of both small and large investors.
One of the key indicators of the strong investor demand for an IPO is the Grey Market Premium (GMP). The GMP reflects the price at which shares are being traded in the grey market prior to their official listing on the stock exchange.
For Jungle Camps India IPO, the GMP has seen a significant increase. On December 3, 2024, the shares were being traded at a premium of ₹45 in the grey market. As of December 12, the GMP has risen to ₹60 per share. This increase in GMP shows the growing confidence among investors about the IPO’s success and the potential for gains once the shares are listed on the exchange.
IPO Price Band and Allotment Details
Jungle Camps India IPO offers shares in the price range of ₹68 to ₹72 per share. Investors will need to carefully consider the price before making their investment decisions. The final allotment of shares to successful applicants will be announced on December 13, 2024, giving investors the clarity on how many shares they will receive.
The listing of the Jungle Camps India shares is expected to take place on the BSE SME platform on December 17, 2024. This is the date when the shares will officially begin trading, and investors will be able to see the market value of their holdings.
Jungle Camps India is a hospitality company with a focus on luxury tented camps and resorts. The company has carved a niche in the tourism sector by offering unique and upscale experiences in natural settings. With the growing popularity of adventure tourism in India, Jungle Camps India is well-positioned to benefit from this trend.
The Indian tourism sector is experiencing significant growth, with more people looking for unique travel experiences. As the company expands its offerings and strengthens its presence, there is potential for substantial growth in the future.
Jungle Camps India’s IPO is generating a lot of buzz due to strong demand from investors and rising GMP. With a well-positioned business in the growing tourism sector, the company offers a promising opportunity for those looking to invest in the hospitality industry. However, as with any investment, investors should conduct proper due diligence to make informed decisions before participating in the IPO.
