TTT NEWS NETWORK
NEW DELHI, 8 DECEMBER 2024:
Jungle Camps India Limited (JCIL), one of the leading experiential ecological hospitality groups in India, today announced the pricing of its Initial Public Offering (IPO). The IPO, which consists of a fresh issue of 4,086,400 equity shares with a face value of ₹10 each, will open for subscription on December 10, 2024, and close on December 12, 2024. The anchor book will open for institutional investors on December 9, 2024.
The price band for the IPO has been set at ₹68 to ₹72 per share. The allocation of shares is divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-worth Individuals (HNIs). Khambatta Securities Limited is the sole Book Running Lead Manager to the issue, while Skyline Financial Services Private Limited will serve as the Registrar.
Jungle Camps IPO to list on BSE SME. The company aims to raise approximately ₹29.42 crores through the IPO, which will be utilized to fund its strategic expansion plans, strengthen its brand presence, and enhance operational capabilities. Key areas of investment include:
- ₹7.00 crore for developing a new project at Sanjay Dubri National Park in Madhya Pradesh.
- ₹3.50 crore for renovating its existing resort, Pench Jungle Camp, located in Pench National Park, Madhya Pradesh.
- ₹11.50 crore for investment in its subsidiary, Madhuvan Hospitality Private Limited, to develop a 4-star hotel in Mathura, Uttar Pradesh.
The remaining capital will be used for general corporate purposes.
Financial Performance:
Jungle Camps India Limited has witnessed impressive financial growth. In FY24, the company reported a revenue of ₹18.10 crores, a 61.03% increase from ₹11.24 crores in FY23. The company’s Profit After Tax (PAT) grew significantly, reaching ₹3.59 crores in FY24 compared to ₹0.45 crores in FY23, reflecting an eight-fold increase in profitability.
Future Outlook:
With its ongoing expansion projects and an ever-growing portfolio of award-winning resorts, Jungle Camps India Limited is poised for sustained growth in the rapidly expanding eco-tourism sector. The IPO marks a significant milestone in the company’s growth strategy, allowing it to accelerate its development plans and enhance its presence in the wildlife hospitality market.
About Jungle Camps India Limited (JCIL):
Founded in 2002 by Mr. Gajendra Singh Rathore, Jungle Camps India Limited is a conservation-focused hospitality company that offers immersive wildlife experiences in India’s pristine natural reserves. JCIL operates award-winning properties at prestigious wildlife reserves, including Pench Tiger Reserve, Kanha Tiger Reserve, Rukhad Buffer Zone of Pench Tiger Reserve, and Tadoba Tiger Reserve. The company is renowned for curating exceptional hospitality experiences in remote and tranquil forest settings, where guests can enjoy wildlife safaris in the heart of India’s biodiversity.
Currently, the company, along with its subsidiaries, owns and manages 87 room accommodations across various types, including villas, cottages, deluxe rooms, and safari tents. JCIL is also in the process of expanding its portfolio with four additional hospitality projects, which will bring a further 170 accommodations under its management, including boutique wildlife resorts and a heritage hotel. Upon completion, JCIL will manage a total of seven properties, including luxury resorts and a highway motel with an integrated restaurant.
JCIL has received multiple awards for its exceptional hospitality, including the “Best Eco-friendly Hotel” by MP Tourism (2018). Kanha Jungle Camp and Tadoba Jungle Camp, two of JCIL’s properties, have been named among TripAdvisor’s Top 25 Small Hotels in India for 2023 and 2024. These accolades reflect the company’s commitment to sustainable, eco-friendly tourism and delivering top-tier wildlife experiences.
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