IPO Details

Bidding Dates

10 Dec '24 - 12 Dec '24

Minimum Investment

₹1,15,200

Price Range

₹68 - ₹72

Maximum Investment

₹1,15,200

Retail Discount

Not Applicable

Issue Size

₹29.42 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |   Eligible Employees  |  

Jungle Camps India IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Dec 10, 2024

IPO Closing Date

Dec 12, 2024

Basis of Allotment

Dec 13, 2024

Initiation of Refunds

Dec 16, 2024

IPO Listing Date

Dec 17, 2024

Jungle Camps India IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Dec 10, 2024

 0.01 24.11 61.92 36.11

Day 2Dec 11, 2024

 0.04 104.34 232.74 138.67

Day 3Dec 12, 2024

 0.05 151.88 293.09 179.01

About Jungle Camps India IPO

The Jungle Camps India IPO is a book-built issue aiming to raise ₹29.42 crores entirely through a fresh issuance of 40.86 lakh shares. Scheduled to open for subscription from 10th December 2024 to 12th December 2024, the allotment finalisation is expected on 13th December 2024, with the shares tentatively listing on the BSE SME platform on 17th December 2024.

Jungle Camps India IPO has a price band of ₹68 to ₹72 per share, with a minimum lot size of 1,600 shares. Retail investors must invest at least ₹1,15,200, while high-net-worth individuals (HNIs) must apply for a minimum of two lots (3,200 shares), requiring an investment of ₹2,30,400.

Khambatta Securities Limited serves as the book-running lead manager for the IPO, Skyline Financial Services Private Ltd is the registrar, and Nikunj Stock Brokers is the market maker.

Industry Outlook

  1. India's travel and tourism industry is projected to reach a market size of US$ 512 billion by 2028, driving significant economic growth and job creation.
  2. By FY27, the Indian hotel market is expected to grow from US$ 32 billion in FY20 to US$ 52 billion, fueled by increased demand and tourism development.

Jungle Camps India IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. To meet capital expenditure for the project development at Sanjay Dubri National Park, Madhya Pradesh.
  2. To meet capital expenditure for renovation of existing resort Pench Jungle Camp, at Pench National Park, Madhya Pradesh.
  3. Investment in the Subsidiary, Madhuvan Hospitality Private Limited (“MHPL”) in relation to capital expenditure for the project development at Mathura Hotel Project, Mathura, Uttar Pardesh.
  4. General Corporate Purposes.

About Jungle Camps India Limited 

Established in 2002, Jungle Camps India is a conservation-focused hospitality group offering a diverse range of services, including wildlife camps, boutique resorts, motels, guest houses, holiday homes, restaurants, and catering services across India. 

Renowned for its commitment to preserving natural habitats, the company manages four award-winning luxury resorts located within prominent tiger reserves and wildlife sanctuaries in central India. These include Pench Jungle Camp (Madhya Pradesh), Rukhad Jungle Camp (Madhya Pradesh), Tadoba Jungle Camp (Maharashtra), and Jungle Camp Kanha (Madhya Pradesh).

The company also operates two highway retreats—Bison Highway Retreat and Midway Treat—which serve as motels and dining venues in Madhya Pradesh. Jungle Camps India provides 87 accommodation options, including villas, cottages, deluxe rooms, and safari tents, complemented by premium amenities such as banquet halls, restaurants, swimming pools, and spa facilities. 

With a workforce of 162 employees, the company delivers exceptional, eco-friendly travel experiences tailored to diverse traveller preferences.

How To Check the Allotment Status of the Jungle Camps India IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How to Apply for Jungle Camps India IPO online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Jungle Camps India IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Jungle Camps India IPO 

Registered office: 221-222/9, 2nd Floor, Som Dutt Chamber-II, Bhikaji Cama Place, New Delhi-110066, India

Phone: +91-011-41749354

E-mail: legal@junglecampsindia.com

Jungle Camps India IPO Reservation

Jungle Camps India IPO comprises 40,86,400 shares allocated across various investor categories. Below are the reservation details:

Investor Category

Shares Offered

Percentage (%)

Anchor Investor

11,63,200

28.47%

Market Maker

2,04,800

5.01%

Qualified Institutional Buyers (QIB)

7,77,600

19.03%

Non-Institutional Investors (NII/HNI)

5,82,400

14.25%

Retail Individual Investors (RII)

13,58,400

33.24%

Total

40,86,400

100%

Jungle Camps India IPO Lot Size

Application

Lots

Shares

Amount

Retail (Min)

1

1,600

₹1,15,200

Retail (Max)

1

1,600

₹1,15,200

HNI (Min)

2

3,200

₹2,30,400

Jungle Camps India IPO Promoter Holding

The promoter of the company is Chandhrasekharan Trirupathi Venkatachalam

Share Holding Pre-Issue

94.57%

Share Holding Post Issue

-

Key Performance Indicators for Jungle Camps India IPO

As of June 30, 2024, the market capitalisation of Jungle Camps India stands at ₹111.59 crore. Here are the KPIs of Jungle Camps India as of June 30, 2024.

KPI

Value

ROE

20.01%

ROCE

24.75%

Debt/Equity

0.23

RoNW

20.01

P/BV

2.71

PAT Margin (%)

20.54

Pre-IPO

Post-IPO

EPS (₹)

3.15

P/E (x)

22.88

Note:

  • The Pre-IPO EPS is derived using the pre-issue shareholding as of the date specified in the Red Herring Prospectus (RHP) and the most recent fiscal year's earnings ending 31st March 2024, as disclosed in the RHP.
  • The Post-IPO EPS is calculated based on the post-issue shareholding structure and the annualised earnings for the fiscal year ending 31st March 2024, as outlined in the RHP.

Jungle Camps India IPO Anchor Investors Details

The Jungle Camps India IPO successfully raised ₹8.38 crore through anchor investors. Below are the details of the anchor investment:

Details

Information

Bid Date

December 9, 2024

Shares Offered

1,163,200

Anchor Portion Size (₹ in Crore)

8.38

Lock-in Period End Date (50% Shares)

January 12, 2025

Lock-in Period End Date (Remaining Shares)

March 13, 2025

Jungle Camps India IPO Prospectus

Jungle Camps India IPO Registrar and Lead Managers

Jungle Camps India IPO Lead Managers

GYR Capital Advisors Private Limited

Registrar for Jungle Camps India IPO

Skyline Financial Services Private Ltd

  • Contact Number: 02228511022
  • Email Address: ipo@bigshareonline.com

Website: Jungle Camps India IPO Registrar

 

Financial Performance of Jungle Camps India Limited

Particulars As on June 30, 2024 Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ lakh) 564.18 1,748.82 1,110.26 739.01
Profit After Tax (PAT) (in ₹ lakh) 110.39 359.16 44.92 72.86
Total Borrowings (in ₹ lakh) 401.83 410.31 317.69 391.29
Net Worth (in ₹ lakh) 1878.20 1794.89 930.04 703.81
Return on Capital Employed (%) 5.90% 17.62% 16.04% 11.45%
Return on Net Worth (%) 7.54% 31.62% 8.17% 14.35%
Debt/ Equity (x) 0.21 0.23 0.34 0.56
Earning Per Share (EPS)-in absolute ₹ 0.97 4.89 0.89 1.90

Know before investing

Strengths

12

  1. Experienced promoters with 22 years in the hospitality industry.

  2. Strategically located camps near prime wildlife national parks.

  3. Focused on delivering exceptional customer service and satisfaction.

  4. Strong brand reputation built over 22 years of operations.

  5. Offers 87 rooms, spas, restaurants, and recreational facilities.

  6. Robust quality control and feedback-driven operational strategies implemented.

  7. Actively recruits and supports local talent and communities.

  8. Eco-conscious practices promote environmental sustainability and guest appeal.

  9. Provides high-quality amenities for luxury and boutique experiences.

  10. Expanding operations into new markets to increase customer base.

  11. Sales office in New Delhi collaborates with travel agencies.

  12. Resilient business model addressing seasonality and operational challenges effectively.

Risks

12

  1. Delays in obtaining regulatory permits may affect operations significantly.

  2. Long-term leased properties risk disruptions due to lease issues.

  3. Missing corporate records from 2002 to 2014 raise concerns.

  4. Delays in statutory filings may lead to financial penalties.

  5. Negative cash flows reported in recent fiscal years impact liquidity.

  6. Issuance of equity shares below IPO price raises valuation concerns.

  7. Inadequately stamped agreements risk enforceability during legal disputes.

  8. Unsecured loans of ₹223.31 lakh may be recalled anytime.

  9. Unregistered logo risks misuse, affecting brand reputation adversely.

  10. Consumer preference changes may reduce demand for hospitality services.

  11. Seasonality impacts revenue during monsoon months, reducing occupancy.

  12. Rising operational costs challenge profit margins and financial stability.

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Jungle Camps India Limited Peer Details Comparison

Company Name EPS (Basic) NAV (per share) (₹) P/E (x) RoNW (%)
Jungle Camps India Limited 7.82 26.61 - 20.01
Best Eastern Hotels Ltd. 0.08 1.37 211.88 6.07
The Byke Hospitality Ltd. 1.39 43.06 54.70 2.80
Espire Hospitality Limited 1.90 2.46 104.21 77.12
Ras Resorts & Apart Hotels Ltd. 0.46 49.20 117.15 0.94

Jungle Camps India IPO FAQs

What is the Jungle Camps India IPO?

Jungle Camps India IPO is a book built issue IPO. It will be open from December 10, 2024, to December 12, 2024.

When will Jungle Camps India IPO be allotted?

The Basis of Allotment will happen on Friday, December 13, 2024.

When will Jungle Camps India IPO open for subscription?

The IPO subscription window will open on December 10, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,600 shares.

When will Jungle Camps India Limited list on exchanges?

The listing date for Jungle Camps India Limited is Tuesday, December 17, 2024.

What is the issue size of Jungle Camps India IPO?

The issue size of the Jungle Camps India IPO is up to ₹29.42 crore, with a fresh issue of ₹29.42 crore.

What are the open and close dates of the Jungle Camps India IPO?

The open and close dates for Jungle Camps India IPO are from December 10, 2024 to December 12, 2024.

What would be the listing gains on the Jungle Camps India IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting an Jungle Camps India IPO allotment?

1. Multiple Submissions: Use different Demat accounts to make multiple applications.
2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for Jungle Camps India IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Jungle Camps India Limited using one PAN?

You can submit only one application using your PAN card.

How to read Jungle Camps India Limited's financial statements?

To read Jungle Camps India’s financial statements, download the IPO’s RHP document.

What is 'pre-apply' for Jungle Camps India Limited IPO?

Pre-apply allows investors to apply for the Jungle Camps India IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the Jungle Camps India Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my Jungle Camps India Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of Jungle Camps India IPO?

Skyline Financial Services Private Ltd is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the Jungle Camps India IPO getting listed?

Jungle Camps India Limited IPO is proposed to be listed on the SME platform of the Bombay Stock Exchange (BSE).