Jungle Camps India Limited: A New Chapter with Its Upcoming IPO
Jungle Camps India Limited (JCIL), a prominent player in the experiential ecological hospitality sector, is set to make waves in the financial markets with its Initial Public Offering (IPO) scheduled from December 10 to December 12, 2024. Based in New Delhi, this conservation-focused hospitality company has successfully completed its anchor book subscription, raising an impressive Rs 8.3 crore through the sale of 11.63 lakh equity shares priced at Rs 72 each. With a price band of Rs 68-72 per equity share and a face value of Rs 10, JCIL aims to raise approximately Rs 29.42 crore from this offering.
Strategic Use of IPO Proceeds
The funds raised through the IPO will be strategically allocated to enhance the company’s operations and expand its footprint in the hospitality sector. JCIL plans to invest Rs 7 crore in developing a new project at Sanjay Dubri National Park, a move that underscores its commitment to promoting eco-tourism. Additionally, Rs 3.5 crore will be directed towards renovating the existing resort at Pench National Park, ensuring that guests continue to enjoy high-quality experiences in one of India’s most celebrated wildlife destinations. Furthermore, the company intends to invest Rs 11.5 crore in its subsidiary, Madhuvan Hospitality Private Limited, to develop a hotel in Mathura, Uttar Pradesh. The remaining funds will be utilized for general corporate purposes, positioning JCIL for future growth.
Anchor Investors and Market Maker Allocation
The IPO has garnered significant interest from a group of marquee investors, including M7 Global Fund PCC – Nolana, Vikasa India EIF 1 Fund – Share Class P, Saint Capital Fund, and Zeta Global Funds (OEIC) PCC Limited – Zeta Series B Fund. These investors have collectively subscribed to the anchor book, with M7 Global Fund and Vikasa India EIF each taking a substantial 27.51% stake. Saint Capital Fund and Zeta Global Fund followed closely, subscribing 24.07% and 20.91%, respectively. The company has also allocated 2.04 lakh equity shares for Market Makers, ensuring liquidity and stability in the trading of its shares post-IPO.
A Legacy of Conservation and Hospitality
Founded in 2002 by Gajendra Singh Rathore, Jungle Camps India Limited has established itself as a leader in conservation-focused hospitality. The company operates award-winning properties in some of India’s most prestigious wildlife reserves, including Pench Tiger Reserve, Kanha Tiger Reserve, Rukhad Buffer Zone of Pench Tiger Reserve, and Tadoba Tiger Reserve. JCIL is renowned for curating exceptional hospitality experiences in tranquil forest settings, allowing guests to immerse themselves in the rich biodiversity of India.
Currently, JCIL manages 87 room accommodations, which include villas, cottages, deluxe rooms, and safari tents. The company is also in the process of expanding its portfolio with four additional hospitality projects, which will introduce another 170 accommodations, including boutique wildlife resorts and a heritage hotel. Upon completion, JCIL will manage a total of seven properties, further solidifying its position in the eco-tourism market.
Recognition and Awards
Jungle Camps India Limited’s commitment to sustainable and eco-friendly tourism has not gone unnoticed. The company has received multiple accolades, including the “Best Ecofriendly Hotel” award from MP Tourism in 2018. Additionally, two of its properties, Kanha Jungle Camp and Tadoba Jungle Camp, have been recognized among TripAdvisor’s Top 25 Small Hotels in India for 2023 and 2024. These awards reflect JCIL’s dedication to providing top-tier wildlife experiences while prioritizing environmental conservation.
Conclusion
As Jungle Camps India Limited prepares for its IPO, it stands at the forefront of a burgeoning eco-tourism industry in India. With a solid business model, strategic use of IPO proceeds, and a commitment to sustainability, JCIL is poised for significant growth. Investors looking for opportunities in the hospitality sector should keep a close eye on this IPO, as it promises not only financial returns but also a chance to support a company dedicated to preserving India’s natural heritage.