If you’re considering investing in an IPO, here’s some important news for you. Another IPO is opening for investment next week.
Jungle Camps India Limited’s shares are already trading at a 104% premium in the gray market. Currently, the shares are available at a premium of Rs 75, while the price band is Rs 72.
The IPO will open for investment on December 10 and close on December 12. The company specializes in providing wildlife and conservation-focused lodges for guests.
IPO Details and Share Allocation
Jungle Camps India’s IPO is proposed to be listed on the BSE Small and Medium Enterprises (SME) platform. The fresh issue consists of 4,086,400 equity shares, each with a face value of Rs 10.
The company plans to allocate 35% of the shares to retail investors, 50% to qualified institutional buyers (QIBs), and 15% to high net-worth individuals (HNIs).
Corporate Plans for the Funds Raised
The company aims to raise approximately Rs 29.42 crore through the IPO to fund its expansion, improve its brand presence, and support sustainable tourism efforts. The funds will be used for various projects, including:
1) Rs 7 crore to develop a new project in Sanjay Dubri National Park.
2) Rs 3.5 crore to renovate its existing resort, Pench Jungle Camp, in Pench National Park, Madhya Pradesh.
3) Rs 11.5 crore to invest in its subsidiary, Madhuvan Hospitality Private Limited, for the development of a 4-star hotel in Mathura, Uttar Pradesh. The remaining funds will be used for general corporate purposes.
Key Information About the IPO
Listing: The IPO will be listed on BSE Small and Medium Enterprises (SME).
Shares: A total of 4,086,400 equity shares will be offered, each with a face value of Rs 10.
Share Allocation
1) 35% of the shares will be allotted to retail investors.
2) 50% will go to qualified institutional buyers (QIBs).
3) 15% will be reserved for high-net-worth individuals (HNIs).
