Jungle Camps India files DRHP for IPO. Check details
prospectus (DRHP) with market regulator SEBI to raise funds via the initial public offering (IPO) route.
The IPO will be a fresh issue of 40.86 lakh equity shares with a face value of Rs 10 per share.
The equity shares are proposed to be listed on the BSE SME platform.
Other details like the price band, lot size and reservation of the qualified institutional buyers (QIB), non-institutional investors (NII), and retail individual investors will be announced later.
JCIL intends to utilize Rs 7 crore of the net IPO proceeds to develop a new project at Sanjay Dubri National Park and Rs 3.5 crore to renovate the existing resort at Pench National Park, both in Madhya Pradesh.
Additionally, the company also plans to invest Rs 11.5 crore in its subsidiary, Madhuvan Hospitality to develop a hotel at Mathura in Uttar Pradesh and for general corporate purposes.
As part of its expansion plans, 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 4 boutique wildlife resorts, one heritage hotel, one highway motel along with a restaurant and one highway restaurant.
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Jungle Camps India Limited posted a total revenue of Rs. 18.10 crore with a
profit of Rs. 3.59 crore in FY2023-24, compared to a total revenue of Rs.
11.24 crore and a profit
