Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
IPO News

| More

Jungle Camps India Limited plans to raise around Rs. 30 crores from IPO

Posted On: 2024-11-26 21:05:27 (Time Zone: IST)


Jungle Camps India Limited ("JCIL" or "The Company"), one of the leading experiential ecological hospitality groups in India, today announced that it has received in-principle approval for its IPO from BSE SME Exchange on November 19, 2024. The company filed a Draft Red Herring Prospectus (DRHP) with BSE SME in July 2024. It is in the process of filing RHP with updated information and is expected to be listed on the platform very soon.

The Delhi-headquartered company plans to raise approximately Rs. 30 crores from the offer which comprises a fresh issuance of 40,86,400 Equity Shares each with a face value of Rs. 10, through the book-building route. Khambatta Securities Limited is the sole Book Running Lead Manager to the Issue, and Skyline Financial Services Private Limited is the Registrar.

JCIL is a conservation-focussed hospitality company that offers exceptionally curated wildlife hospitality experiences to travel enthusiasts in its award-winning properties located at Pench Tiger Reserve, Kanha Tiger Reserve and Rukhad Buffer Zone of Pench Tiger Reserve in Madhya Pradesh and Tadoba Tiger Reserve in Maharashtra in the tranquil and deep forests of central India. Currently, the company, along with its subsidiary companies, owns and manages a total of 87 room accommodations, including villas, cottages, deluxe rooms, safari tents, and various infrastructure facilities.

The company intends to utilise Rs. 7 crore of the total IPO proceeds to develop a new project at Sanjay Dubri National Park, Rs. 3.5 crore to renovate the existing resort - Pench Jungle Camp, at Pench National Park, both in Madhya Pradesh and proposes to invest Rs. 11.5 crore in its subsidiary company - Madhuvan Hospitality Private Limited, to develop a 4-star hotel at Mathura in Uttar Pradesh. The remaining capital will be used for general corporate purposes.

JCIL has acquired leasehold rights for four additional hospitality projects with proposed 170 accommodations along with other associated infrastructure. On commencement of these projects, the company will own and manage a total of 7 projects comprising of 4 boutique wildlife resorts, one heritage hotel, one highway motel along with a restaurant and one highway restaurant.

Founded in 2002, Jungle Camps India Limited is the brainchild of Mr. Gajendra Singh Rathore. The company's growth journey has been driven by his unwavering commitment to providing an unparalleled hospitality and safari experience in India. Jungle Camps India specializes in operating resorts in remote locations, with the aim of offering the best experiential stays that the Indian subcontinent's wildlife and hospitality have to offer. Its resorts have secured awards from leading global travel portals and state governments, such as "Best Eco-friendly Hotel" from MP Tourism in 2018, "Trip Advisor Travellers Choice" in 2023 and "Trip Advisor Best Wildlife Resort in India" in 2019.

Jungle Camps India Limited reported a total revenue of Rs. 18.10 crores with a profit (PAT) of Rs. 3.59 crores in FY24, compared to total revenue of Rs. 11.24 crores and a profit (PAT) of Rs. 45 Lakhs in FY23, registering a healthy growth of 61.03 % in revenues and almost eight-fold rise in profit.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Afcons Infrastructure Ltd's IPO to open on Friday, October 25, 2024, price band set at ₹440/- to ₹463/- per Equity Share

Senores Pharmaceuticals gets Sebi nod for IPO

Telangana-based Standard Glass Lining Technology Limited gets Sebi nod for IPO

Dr. Agarwal's Health Care files DRHP for IPO

Icon Facilitators Limited files DRHP with BSE SME

Casagrand Premier Builder Limited files DRHP for Rs 1,100 crore IPO

Manba Finance Limited raises Rs. 45.25 crore from Anchor Investors

NTPC Green Energy Ltd files DRHP for IPO

Influx Healthtech Limited Files DRHP with NSE Emerge

Gala Precision Engineering IPO subscribed 201.41 times on Final Day, the most since the start of FY25

Identical Brains Studios Limited files DRHP with NSE Emerge

Gala Precision Engineering Ltd's IPO to open on Monday, September 02, 2024, price band set at ?503/- to ?529/- per Equity Share

Sanstar Limited IPO subscribed 82.98 times on Final Day

Sanstar Ltd's IPO to open on Friday, July 19, 2024, price band set at ?90/- to ?95/- per Equity Share

Three M Paper Boards Ltd's SME IPO to open on Friday, July 12, 2024

Virtual Galaxy Infotech attracts marquee investors, raises Rs 21.44 Crore ahead of IPO Launch

IT Solutions provider Orient Technologies gets Sebi nod for IPO

Accel and Flipkart-backed Zinka Logistics Solutions Limited files DRHP for IPO

Sleepwear-focused company S D Retail Limited files DRHP for SME IPO

ACME Solar Holdings Limited files DRHP for Rs 3,000 crore IPO

Nephro Care India Makes History - First SME IPO to Surpass Rs. 20,000 Crore in bids

Gala Precision Engineering gets Sebi nod for IPO

Noida-based Interarch Building Products Limited gets SEBI nod for IPO

Shivalik Engineering Industries Limited files DRHP for IPO

Niva Bupa files for Rs 3,000Cr IPO

Sagility India Limited files DRHP for IPO

Ambey Laboratories Ltd IPO to open for subscription on July 4, 2024

Nephro Care India Limited IPO opened today, Anchor Book fully subscribed

Allied Blenders & Distillers IPO subscribed 23.49 times on Final Day

Allied Blenders & Distillers IPO fully subscribed on Day 2

Allied Blenders & Distillers IPO subscribed 51% on Day 1

Stanley Lifestyles IPO subscribed 95.75 times on Final Day

Deepak Parekh-backed Nephro Care India Limited's IPO opens on Friday, June 28

Allied Blenders & Distillers Limited raises Rs. 449.1 crore from Anchor Investors

Stanley Lifestyles IPO subscribed 5.22 times on Day 2

Mason Infratech Limited IPO Opens on June 24, 2024

Stanley Lifestyles IPO fully subscribed on Day 1 led by strong retail, NII demand

Stanley Lifestyles Limited raises Rs. 161.10 crore from Anchor Investors

Allied Blenders & Distillers Ltd's IPO to open on Tuesday, June 25, 2024

GEM Enviro Management Limited IPO Opens on June 19, 2024

Stanley Lifestyles Limited's IPO to open on Friday, June 21, 2024

Bajaj Housing Finance Ltd files DRHP for IPO

Bajaj Housing Finance Limited to raise funds through IPO

Kronox Lab Sciences IPO subscribed 117.25 times on Final Day

Kronox Lab Sciences IPO fully subscribed in less than half an hour of opening

Kronox Lab Sciences Limited raises Rs. 39.04 crore from Anchor Investors

Sattrix Information Security Limited SME IPO to open on June 5, price band set at ?121 per share

Kronox Lab Sciences Ltd's Initial Public Offering to open on Friday June 3, 2024

Aimtron Electronics Limited's SME IPO to open on Thursday, May 30, 2024

Garuda Construction and Engineering refiles DRHP for IPO


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020