Jungle Camps India Limited (JCIL), a renowned name in experiential ecological hospitality, is poised to embark on a new chapter in its journey with an upcoming Initial Public Offering (IPO). The company aims to raise approximately Rs 29.42 crores through the IPO to fuel its expansion plans, enhance its brand presence and strengthen its commitment to sustainable tourism. Rs 7 crore of the proceeds will be used for developing a new project at Sanjay Dubri National Park in Madhya Pradesh while Rs 3.5 crore will be utilised for renovating its existing resort, Pench Jungle Camp, located in Pench National Park, Madhya Pradesh. The company intends to invest Rs 11.5 crore in its subsidiary, Madhuvan Hospitality Private Limited, to develop a 4-star hotel in Mathura, Uttar Pradesh.
The remaining capital will be used for general corporate purposes.
The IPO, which consists of a fresh issue of 4,086,400 equity shares with a face value of Rs 10 each, will open for subscription on December 10, 2024, and close on December 12, 2024. The anchor book, if any, will open for institutional investors on December 9, 2024.
The price band for the IPO has been set at Rs 68 to Rs 72 per share. The allocation of shares is divided as follows: 35 per cent for retail investors, 50 per cent for Qualified Institutional Buyers (QIB), and 15 per cent for High Net-worth Individuals (HNIs). Khambatta Securities Limited is the sole Book Running Lead Manager to the issue, while Skyline Financial Services Private Limited will serve as the Registrar. Jungle Camps IPO to list on BSE SME.
Financial Performance
Jungle Camps India Limited has witnessed impressive financial growth. In FY24, the company reported a revenue of Rs 18.10 crores, a 61.03 per cent increase from Rs 11.24 crores in FY23. The company’s Profit After Tax (PAT) grew significantly, reaching Rs 3.59 crores in FY24 compared to Rs 0.45 crores in FY23, reflecting an eight-fold increase in profitability.
Future Outlook
With its ongoing expansion projects and an ever-growing portfolio of award-winning resorts, Jungle Camps India Limited is poised for sustained growth in the rapidly expanding eco-tourism sector. The IPO marks a significant milestone in the company’s growth strategy, allowing it to accelerate its development plans and enhance its presence in the wildlife hospitality market.
About Jungle Camps India Limited (JCIL)
Founded in 2002 by Gajendra Singh Rathore, Jungle Camps India Limited is a conservation-focused hospitality company that offers immersive wildlife experiences in India’s pristine natural reserves. JCIL operates award-winning properties at prestigious wildlife reserves, including Pench Tiger Reserve, Kanha Tiger Reserve, Rukhad Buffer Zone of Pench Tiger Reserve, and Tadoba Tiger Reserve. The company is renowned for curating exceptional hospitality experiences in remote and tranquil forest settings, where guests can enjoy wildlife safaris in the heart of India’s biodiversity.
Currently, the company, along with its subsidiaries, owns and manages 87 room accommodations across various types, including villas, cottages, deluxe rooms, and safari tents. JCIL is also in the process of expanding its portfolio with four additional hospitality projects, which will bring a further 170 accommodations under its management, including boutique wildlife resorts and a heritage hotel. Upon completion, JCIL will manage a total of seven properties, including luxury resorts and a highway motel with an integrated restaurant.
JCIL has received multiple awards for its exceptional hospitality, including the “Best Eco-friendly Hotel” by MP Tourism (2018). Kanha Jungle Camp and Tadoba Jungle Camp, two of JCIL’s properties, have been named among TripAdvisor’s Top 25 Small Hotels in India for 2023 and 2024. These accolades reflect the company’s commitment to sustainable, eco-friendly tourism and delivering top-tier wildlife experiences.
