Jungle Camps India, a conservation-focused hospitality company, is set to launch its Initial Public Offering (IPO) to raise ₹29.42 crores. With a unique presence in the eco-tourism market, this IPO offers investors a chance to be part of a niche sector with promising growth prospects. Let’s dive into the key details of this much-anticipated IPO.
Issue Details
- IPO Opens: December 10, 2024
- IPO Closes: December 12, 2024
- Price Band: ₹68 to ₹72 per share
- Lot Size: 1,600 shares
- Listing Date: December 17, 2024
- Total Issue Size: ₹29.42 crores (40.86 lakh shares)
- Listing Platform: BSE SME
- Basis of Allotment: December 13, 2024
Company Overview
Jungle Camps India Limited was founded in 2002 and operates boutique wildlife resorts in iconic locations like Pench and Tadoba national parks. The company focuses on luxury eco-tourism, combining sustainability with top-notch hospitality services such as safari tents, banquet halls, villas, and spa facilities.
- Founded: 2002
- Managing Director: Mr. Gajendra Singh
- Parent Organization: Jungle Camps India Ltd
Strengths:
- Experienced management and a qualified workforce.
- High customer satisfaction and consistent quality services.
- Strong financial growth and operational efficiency.
Risks:
- Dependence on long-term leased land for operations.
- Delays in regulatory compliance and record maintenance.
- Seasonal Revenue Dependency: Tourism trends can significantly impact revenue.
- Regulatory Challenges: Compliance with environmental and hospitality regulations.
- Economic Sensitivity: Hospitality revenues are susceptible to economic downturns.
Use of IPO Proceeds
The funds raised through the IPO will be utilized for:
- 1. Developing new facilities at Sanjay Dubri National Park, Madhya Pradesh.
- 2. Renovating Pench Jungle Camp at Pench National Park, Madhya Pradesh.
- 3. Investing in Madhuvan Hospitality Private Limited for the Mathura Hotel Project.
- 4. General corporate purposes.
Why Invest in Jungle Camps India IPO?
- 1. Niche Market Leadership: Operating in a growing eco-tourism segment, Jungle Camps India stands out with resorts in premier wildlife destinations.
- 2. Sustainability Focus: Emphasis on eco-friendly practices and local community support.
- 3. Strong Financial Growth: Revenue grew by 61.01% between FY23 and FY24, with PAT increasing by 699.55%.
- 4. Experienced Leadership: The company is managed by seasoned promoters with deep expertise in hospitality and project execution.
- 5. Strategic Growth Plans: Focused investments in popular tourist destinations to capture rising demand.
Key Details and Financial Overview
| Detail | Information |
|---|---|
| IPO Open Date | December 10, 2024 |
| IPO Close Date | December 12, 2024 |
| Price Band | ₹68 to ₹72 per share |
| Lot Size | 1,600 shares |
| Minimum Investment (Retail) | ₹115,200 |
| Total Issue Size | ₹29.42 crores (40.86 lakh shares) |
| Listing Platform | BSE SME |
Financial Overview
| Metric | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue (₹ Lakhs) | 1,810.61 | 1,124.55 | 781.17 |
| Profit After Tax (₹ Lakhs) | 359.16 | 44.92 | 72.86 |
| Total Assets (₹ Lakhs) | 2,943.39 | 1,840.50 | 1,892.07 |
| Net Worth (₹ Lakhs) | 1,794.89 | 930.04 | 703.81 |
This article is for informational purposes only and does not constitute financial advice. Please consult with a certified financial advisor before making investment decisions.