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The stock market is subject to significant volatility and inherent risks. Investing in stocks involves potential losses and is not guaranteed to generate profits. Prices of stocks can fluctuate unpredictably, We do not give any buy/sell tips. This article is for Educational purposes only.
Jungle Camps India Limited, a conservation-focused hospitality group specializing in eco-friendly wildlife camps, recently concluded its Initial Public Offering (IPO) on December 12, 2024. The IPO, which opened on December 10, 2024, aimed to raise approximately ₹29.42 crore through a fresh issue of 40.86 lakh equity shares. The price band was set between ₹68 and ₹72 per share, with a minimum lot size of 1,600 shares, requiring a minimum investment of ₹115,200 for retail investors.
Subscription Details: The IPO received an overwhelming response, with an overall subscription of 494.58 times. The breakdown of the subscription is as follows:
Grey Market Premium (GMP): As of December 12, 2024, the shares of Jungle Camps India were trading at a grey market premium of ₹60. This suggests a potential listing price of ₹132 per share, indicating an approximate gain of 83.33% over the upper end of the issue price.
Allotment and Listing: The basis of allotment is expected to be finalized on December 13, 2024. Subsequently, refunds will be initiated, and shares will be credited to the demat accounts of successful allottees by December 16, 2024. The shares are scheduled to be listed on the BSE SME platform on December 17, 2024.
| Investor Category | Subscription (times) | Shares Offered | Shares Bid for | Total Amount (Rs Cr.)* |
|---|---|---|---|---|
| Qualified Institutions | 196.52 | 777,600 | 15,28,12,800 | 1,100.25 |
| Non-Institutional Buyers* | 760.48 | 582,400 | 44,29,04,000 | 3,188.91 |
| Retail Investors | 551.20 | 1,358,400 | 74,87,53,600 | 5,391.03 |
| Employees | [.] | 0 | 0 | 0 |
| Others | [.] | 0 | 0 | 0 |
| Total * | 494.58 | 2,718,400 | 1,34,44,70,400 | 9,680.19 |
| Date | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 December 10, 2024 | 0.01 | 24.11 | 61.92 | 36.11 |
| Day 2 December 11, 2024 | 0.04 | 104.34 | 232.74 | 138.67 |
| Day 3 December 12, 2024 | 196.52 | 760.48 | 551.20 | 494.58 |
| Category | Shares Offered | Amount (Rs Cr) | Size (%) |
|---|---|---|---|
| Anchor Investor | 1,163,200 | 8.38 | 28.47% |
| Market Maker | 204,800 | 1.47 | 5.01% |
| QIB | 777,600 | 5.60 | 19.03% |
| NII* | 582,400 | 4.19 | 14.25% |
| Retail | 1,358,400 | 9.78 | 33.24% |
| Total | 4,086,400 | 29.42 | 100% |
| S.No. | Name of Anchor Investor | No. of Shares Allocated | Bid Price Per Share (Rs.) | Anchor Investor Portion (%) | Total Amount Allocated (Rs.) |
|---|---|---|---|---|---|
| 1 | M7 Global Fund PCC | 320,000 | 72 | 27.51 | 23,040,000 |
| 2 | VIKASA Capital Inc. | 320,000 | 72 | 27.51 | 23,040,000 |
| 3 | Saint Capital Fund | 280,000 | 72 | 24.07 | 20,160,000 |
| 4 | Zeta Global Fund | 243,200 | 72 | 20.91 | 17,510,400 |
| Total | 1,163,200 | 100 | 83,750,400 | ||
1) Apply or Not:
The decision to apply for the IPO depends on several factors such as the company's fundamentals, its market potential, and your investment risk appetite. If the company shows strong financial performance, growth prospects, and a solid business model, it could be worth applying for. However, if the company is in its early stage with higher risks and limited visibility, it's better to exercise caution and evaluate based on your investment goals.
2) About the Company:
Jungle Camp India is likely involved in the eco-tourism and adventure camping industry. It may provide services related to camping, trekking, wildlife exploration, and other adventure activities. These types of companies tend to capitalize on the increasing interest in nature-based travel, especially in India, where the adventure tourism market is seeing growth.
