Jungle Camps India Files DRHP for IPO: 40.86 Lakh Shares at ₹10 Face Value—All You Need to Know

Jungle Camps India, based in Delhi, has filed a draft red herring prospectus (DRHP) with SEBI for its upcoming initial public offering (IPO). The company plans to issue 40.86 lakh new equity shares, each with a face value of ₹10. These shares will be listed on the BSE SME platform.

Details about the price band, lot size, and allocations for different types of investors (QIBs, NIIs, and retail investors) will be announced later.

Jungle Camps India plans to use the funds raised from the IPO as follows:

• ₹7 crore to develop a new project at Sanjay Dubri National Park.
• ₹3.5 crore to renovate its existing resort at Pench National Park.
• ₹11.5 crore to invest in its subsidiary, Madhuvan Hospitality, for developing a hotel in Mathura, Uttar Pradesh, and for general corporate purposes.

The company has also acquired leasehold rights for four new hospitality projects, which will add up to 170 accommodations and other infrastructure. Once these projects are complete, Jungle Camps India will manage a total of seven properties, including wildlife resorts, a heritage hotel, a highway motel, and two highway restaurants.

In FY2023-24, Jungle Camps India reported a revenue of ₹18.10 crore and a profit of ₹3.59 crore, a significant increase from ₹11.24 crore in revenue and ₹45 lakh in profit the previous year.

Khambatta Securities is the lead manager for the IPO, and Skyline Financial Services will handle the registration.