The innovatively-named Jungle Camps India IPO is an SME issue. The company was set up in 2002 and it runs wildlife camps/hotels/motels and guest houses, holiday homes, health clubs, catering houses in various parts of the country. It is focussed on conservation. It has 4 boutique resorts in tiger reserve national parks across central India. The locations are Pench National Park, Madhya Pradesh; Rukhad, Seoni District, Madhya Pradesh; Chandrapur District, Maharashtra and Balaghat District, Madhya Pradesh.
Each share of Jungle Camps India IPO has been put in a price band of Rs 68-72. For a retail investor, the minimum lot size has been fixed at 1,600 shares. Therefore, the minimum investment that a retail investor has to commit for bidding for Jungle Camps India IPO is Rs 115,200. For a high networth individual, the minimum lot size is 2 lots, or 3,200 shares, which would entail an application money of Rs 230,400.
Jungle Camps India IPO GMP: 97% listing indication
The SME IPO has generated huge investor interest and enthusiasm that is reflected in the huge Grey Market Premium or GMP. On December 11, the GMP stood at Rs 70, which indicates a listing price of Rs 142, and therefore, a listing gain of 97.22%. But even this huge GMP was reached after a small climbdown from Rs 75, which was recorded by investorgain between December 4 and December 9, when it held steady. However, it must be kept in mind that GMP is only an unofficial estimate that does not guarantee anything listing gain or listing loss. It can, and does, change with time.
Jungle Camps India IPO allotment, listing
The IPO opened for bidding on December 10, 2024. The process of application for subscription will remain open till December 12. The basis of allotment of Jungle Camps India IPO shares will be done on December 13, while the listing is scheduled to take place on December 17, 2024. Listing will take place on BSE SME segment.
Jungle Camps India IPO review
Analyst Dilip Davda has assigned an “Apply” rating to the Jungle Camps India IPO. Khambatta Securities has been appointed as the book running lead manager of the Jungle Camps India IPO. The registrar for the issue is Skyline Financial Services Pvt Ltd.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and/or mutual funds.)
Jungle Camps India IPO is an SME IPO which is a book-built issue designed to mop up Rs 29.42 crores and consists only of 40.86 lakh shares. The IPO has opened for bidding on Dec 10 and will remain open till Dec 12, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
