Jungle Camps India IPO: Price, Allotment, GMP, Valuation

Jungle Camps India IPO-Complete Overview

Jungle Camps India IPO under the SME IPO category is a book-built issue of Rs.29.42 crore by Jungle Camps India Limited, incorporated in 2002. Wild-life camps and hotels, motels, inns, guest houses, holiday homes, health clubs, catering houses, and restaurants are operated by the company.

This company is a conservation-minded hospitality group operating award-winning boutique resorts at four sites located inside India's prime wild and tiger reserve national parks. In addition to these resorts, the company operates a highway retreat and restaurant, as well as offering some customized travel experiences.

87 rooms in villas, cottages, deluxe rooms, and safari tents are owned and operated by the company. Among the amenities are banquet halls, meeting rooms, restaurants, bars, cafes, swimming pools, and spa facilities.

 

The Group owns and operates boutique luxury wilderness resorts at these four locations: 

1. Pench Jungle Camp Pench National Park, M.P.

2. Rukhad Jungle Camp Rukhad, Seoni District M.P.

3. Tadoba Jungle Camp Bhamdeli Village Chandrapur, Maharashtra.

4. Jungle Camp Kanha Santapur Village Balaghat, M.P.

The Group operates two highway venues:

1. Bison Highway Retreat - Rukhad, District Seoni, M.P (Motel and Restaurant).

2. Midway Treat- Deur Kothar, District Rewa, M.P (Restaurant).

 

Jungle Camps India IPO Overview

This Jungle Camps India IPO date is 10 December 2024, and its ‘initial public offering’ will end on 12 December 2024. 

The Rs.29.42 crore new SME IPO comprises a wholly fresh issue of 40.86 lac Shares.

This upcoming IPO date is on December 10, 2024. Jungle Camps India IPO Price is Rs.68 to Rs.72 for each Share. 

The expected IPO listing date is Tuesday, 17 December 2024, and listing at BSE and SME.

To open a demat account and apply for the IPO, Click Here.

Company Financial

The company’s revenue grew by 61.01% and PAT increased by 699.55% during FYs ending 31 March 2024 and 31 March 2023.

(Amount in Lac)

 

Revenue Bifurcation

The revenue bifurcation for various activities is shown below:

(Amount in lac)

 

Location-wise Revenue Breakdown  

(Amount in lac)

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• To cover the project development's capital costs in Madhya Pradesh's Sanjay Dubri National Park.

• To cover the capital cost of renovating the Pench Jungle Camp resort in Madhya Pradesh's Pench National Park.

• Investing in Madhuvan Hospitality Private Limited ("MHPL"), a subsidiary, regarding capital expenditures for the development of the Mathura Hotel Project in Mathura.

• General corporate purposes.

 

Peers of Jungle Camps India Ltd.

 

Note:- The basic EPS of the peers is for the financial year ended on 31 March 2024.

Evaluation

The Jungle Camps India Limited IPO share price is Rs.68 to Rs.72 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.4.89 from the last year, the resulting P/E ratio is 14.72x.

Considering the weighted EPS of Rs.3.06 for the last three years, the P/E ratio is 23.53x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 121.98x.

 

In simple words, the P/E ratio of this IPO (14.72x), compared with the industry’s average P/E of 121.98x, has an undervaluation (on a P/E ratio basis only). Hence the price of the Share seems fully priced for the investors when considered based on the average P/E ratio of the industry.

 

IPO's Strengths 

• Consolidated and experienced promoters, along with a steadfast local management team.

• Robust processes and scalable models make up the complementary foundation of a capable team.

• Strategic Locations.

• Guest orientedness.

• Local job creation.

 

IPO’s Weaknesses

• Seasonal Dependency: Revenue flows are subject to seasonal variations in tourism.

• Competition: Spiraling competition with established and new eco-tourism players.

• Economic Sensitivity: Revenues from hospitality can be greatly compromised owing to a downturn in the economy of the country.

• Regulatory Compliance: Evolving environmental and tourism laws by countries.
  
  

Jungle Camps India IPO GMP

Jungle Camps India IPO GMP today is Rs.50 as of 04 December 2024. With a price of Rs.72 per Share, the expected Jungle Camps India IPO listing price is Rs.122 when writing this information.

IPO Timetable (Tentative)

The IPO opening date is from December 10 to December 12, 2024, with allotment on December 13, refund initiation on December 16, and listing on December 17, 2024.

 

Jungle Camps India IPO Details 

The IPO with a Face Value of Rs.10 per share offers a total issue size of 4,086,000 Shares (Rs.29.42 Cr).

Jungle Camps India IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1600 Shares) amounting to Rs.1,15,200 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (3200 Shares) amounting to Rs.2,30,400.

 

IPO Reservation (% of Net Issue)

 

Promoters And Management of Jungle Camps India Ltd.

• Mr. Gajendra Singh

• Ms. Laxmi Rathore

• Mr. Yashovardhan Rathore

• Mr. Ranvijay Singh Rathore

• G S Rathore HUF
  
  

 

IPO Lead Managers

• Khambatta Securities Limited.
  
  

Dividend Policy

The company has not paid dividends since its incorporation.

Conclusion

The Jungle Camps IPO is sure to excite investors, as it promotes eco-tourism and boutique resorts at some of the finest wildlife haunts. The steady, progressive growth in financial numbers of the company has been reason enough to be interested in these entities. The fact that the outlet is underequipped is an added incentive. The risks that investors face include seasonal revenues and competition. Investors should assess their appetite for risk and long-term returns before investing.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Click Here To Stay Updated With The Upcoming IPOs.

 

DISCLAIMER: NOT a buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always discuss with an eligible financial advisor before investing.

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