If you’re interested in investing in an IPO, here’s something important to know.
Currently, shares of Jungle Camps India are trading at a 104% premium in the gray market, with each share priced Rs 75 above the issue price of Rs 72. This indicates strong investor interest before the official launch.
The IPO will open for investment on December 10 and close on December 12. Jungle Camps India specializes in offering wildlife lodges and conservation-focused stays for guests.
IPO Details and Share Allocation
Jungle Camps India’s IPO will be listed on the BSE Small and Medium Enterprises (SME) platform. The company will offer 4,086,400 equity shares, each with a face value of Rs 10.
The share allocation is as follows:
35% of shares will be allocated to retail investors.
50% will go to qualified institutional buyers (QIBs).
15% will be reserved for high-net-worth individuals (HNIs).
The company aims to raise approximately Rs 29.42 crore through the IPO to fund its expansion, enhance brand presence,
and support sustainable tourism efforts. Here’s how the funds will be used:
Company Plans for the Funds
Jungle Camps India aims to raise about Rs 29.42 crore from the IPO. The funds will be used for various purposes, including:
Rs 7 crore for a new project in Sanjay Dubri National Park.
Rs 3.5 crore to renovate the Pench Jungle Camp in Pench National Park, Madhya Pradesh.
Rs 11.5 crore to invest in a 4-star hotel project in Mathura, Uttar Pradesh, through its subsidiary Madhuvan Hospitality Private Limited.
The remaining funds will support general corporate purposes.
