The highly anticipated Jungle Camps India IPO has now completed its allotment process, following strong demand and overwhelming interest from investors. The IPO, valued at ₹29.42 crore, opened on December 10, 2024, and closed on December 12, 2024. Investors who participated in the IPO can check their allotment status online. The shares will be credited to the Demat accounts of successful applicants on December 16, 2024, with the listing scheduled for December 17, 2024, on the BSE SME platform.
Jungle Camps IPO Details and Allotment Process
The Jungle Camps IPO, an SME issue, offered shares at a price band between ₹68 and ₹72 per share. The IPO was met with significant interest, with a subscription rate of 494.58 times the number of shares available. The retail investor category saw a massive 551.20 times subscription, while the non-institutional investor (NII) segment was subscribed 760.48 times, and the Qualified Institutional Buyers (QIB) category was subscribed 198.52 times.
The IPO was completely a fresh issue, consisting of 40.86 lakh shares, with no Offer for Sale (OFS) component. The minimum lot size for an application was set at 1,600 shares, and retail investors were required to invest at least ₹1.15 lakh. On December 9, 2024, Jungle Camps raised ₹8.38 crore from anchor investors to help fund various future projects.
How to Check Jungle Camps IPO Allotment Status
Investors who have applied for the Jungle Camps IPO can easily check their allotment status online by following these simple steps:
- Visit the IPO Registrar’s Website: Go to the official website of Skyline Financial Services Private Ltd, the registrar for the Jungle Camps IPO.
- Select the IPO: From the drop-down menu, choose the Jungle Camps IPO.
- Choose a Mode of Search: Investors can check the status by entering their PAN number, Demat account number, or application number.
- Enter Required Information: Fill in the requested details such as PAN number, Demat account, or application number.
- Verify CAPTCHA: Complete the CAPTCHA verification to ensure that you are not a bot.
- Submit and Check Status: Click ‘Submit’ to view your allotment status.
Alternatively, investors can also check their allotment status on the Bombay Stock Exchange (BSE) website, where the IPO is set to be listed.
Key Dates for Jungle Camps IPO
- IPO Opening Date: December 10, 2024
- IPO Closing Date: December 12, 2024
- Allotment Date: December 16, 2024
- Refunds Processed: December 16, 2024
- Shares Credited to Demat Accounts: December 16, 2024
- Listing Date: December 17, 2024
The Use of Proceeds from the IPO
Jungle Camps India plans to utilize the funds raised through the IPO for several purposes. The company aims to allocate capital towards the development of a project at the Sanjay Dubri National Park in Madhya Pradesh, as well as renovations at the Pench Jungle Camp resort in Pench National Park. A portion of the funds will also be invested in Madhuvan Hospitality Private Limited (MHPL) for its Mathura Hotel Project in Mathura. The remaining funds will be used for general corporate purposes.
About Jungle Camps India
Founded in 2002, Jungle Camps India has built a reputation for providing unique wildlife and hospitality experiences across India. The company operates an array of accommodations, including wildlife camps, hotels, motels, inns, and restaurants. Jungle Camps India specializes in managing award-winning boutique resorts in some of the country’s most prominent wildlife and tiger reserve national parks, including locations in central India.
The company owns and manages 87 rooms spread across villas, cottages, deluxe rooms, and safari tents. Its properties are equipped with modern amenities such as banquet halls, meeting rooms, restaurants, bars, cafes, swimming pools, and spas, ensuring guests enjoy a memorable experience. Jungle Camps also offers tailor-made travel packages for nature enthusiasts and eco-conscious travelers.
Financial Performance of Jungle Camps India
Jungle Camps India has shown impressive growth in recent years. Between the fiscal years ending March 31, 2023, and March 31, 2024, the company reported a substantial 61.01% increase in revenue. More notably, its profit after tax (PAT) surged by an astounding 699.55%, reflecting the company’s ability to capitalize on the growing demand for eco-tourism and luxury wildlife experiences.
Jungle Camps IPO Grey Market Premium (GMP)
As of now, the grey market premium (GMP) for the Jungle Camps IPO is ₹60 per share, which suggests a potential listing price of ₹132. This is a premium of approximately 83.33% over the issue price of ₹72. The GMP provides a valuable indicator of the expected performance of the stock post-listing.
Conclusion: Jungle Camps IPO Success and Investor Outlook
The Jungle Camps IPO has captured the attention of investors due to its robust demand and strong financial backing. With its unique positioning in the growing eco-tourism sector, the company’s future prospects look promising. Investors who have participated in the IPO can check their allotment status online and prepare for the listing scheduled for December 17, 2024. Given the significant subscription numbers and strong grey market performance, Jungle Camps India’s debut on the BSE SME platform is highly anticipated, with many expecting a positive listing.
Disclaimer: The content provided is based on available information and is for informational purposes only. Investors should conduct their own research or consult certified financial advisors before making any investment decisions.