Jungle Camps India IPO: A Gateway to Wildlife Conservation Investment
The upcoming initial public offering (IPO) of Jungle Camps India is generating significant buzz in the investment community. Scheduled to open for subscription on Tuesday, December 10, and close on Thursday, December 12, this IPO presents a unique opportunity for investors to engage with a company dedicated to wildlife conservation and eco-tourism. The price band for the shares has been set between ₹68 and ₹72, making it an accessible investment for a wide range of investors.
IPO Details and Financials
According to the red herring prospectus filed by Jungle Camps India, this IPO is a fresh issue of 40.86 lakh equity shares, amounting to a total value of ₹29.42 crore. Notably, there is no offer-for-sale component in this IPO, meaning that all shares being offered are new shares issued by the company.
The proceeds from the IPO will be strategically allocated, with ₹18.5 crore earmarked for project developments at the Sanjay Dubri National Park in Madhya Pradesh and the Mathura Hotel Project in Uttar Pradesh. Additionally, ₹3.5 crore will be used for renovating the existing resort at Pench National Park in Madhya Pradesh. A portion of the funds will also be directed towards general corporate purposes, ensuring that the company can continue to grow and enhance its offerings.
Investment Opportunities and Lot Sizes
For those interested in participating in the IPO, the minimum bid is set at one lot of 1,600 shares, which requires an investment of ₹115,200. High-net-worth individuals (HNIs) looking to invest will need to bid for at least two lots, amounting to ₹230,400. The company has allocated 50% of the issue size for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional investors, ensuring a diverse range of participants in this offering.
Timeline and Allotment Process
Once the subscription period concludes on December 12, the allotment of shares is expected to be finalized on Friday, December 13. Investors can anticipate the listing of Jungle Camps India on the BSE SME platform on Tuesday, December 17, marking a significant milestone for the company and its stakeholders.
About Jungle Camps India
Founded in 2002, Jungle Camps India has carved a niche for itself in the eco-tourism sector by operating wildlife camps and lodges that emphasize conservation and sustainability. The company, along with its subsidiary, currently owns 87 accommodation units, which include a variety of options such as cottages, villas, deluxe rooms, safari tents, and more. Their facilities also feature restaurants, bars, banquet halls, meeting rooms, and swimming pools, catering to a diverse clientele seeking both adventure and comfort in nature.
The company’s commitment to wildlife conservation is evident in its operations, which not only provide unique lodging experiences but also promote awareness and appreciation for India’s rich biodiversity. By investing in Jungle Camps India, shareholders can support a business model that aligns profit with purpose.
Management and Oversight
The book-running lead manager for this IPO is Khambatta Securities Ltd, a firm known for its expertise in managing public offerings. Skyline Financial Services Pvt Ltd has been appointed as the registrar for the issue, ensuring a smooth and efficient process for investors.
Conclusion
The Jungle Camps India IPO represents an exciting opportunity for investors looking to engage with a company that is not only focused on financial growth but also committed to the preservation of wildlife and natural habitats. As the subscription dates approach, potential investors should consider the unique value proposition that Jungle Camps India offers in the burgeoning eco-tourism sector. For more information on IPO listings, schedules, and upcoming offerings, visit our page.