look news india
Shares of Jungle Camps India had a spectacular entry in the domestic stock market today. It was listed on the BSE SME platform at Rs 136.80, representing a 90% listing gain over its issue price of Rs 72. However, after the initial rally, profit-taking took over and the stock closed at the lower circuit.
first day ups and downs
- Listing Price: ₹136.80 (90% listing gain)
- High of the day: ₹143.64
- Lower Circuit: ₹129.96
- Closing Price: ₹129.96
IPO investors gained 80.50% at the end of the first day of trading.
IPO got tremendous response
The ₹29.42 crore IPO of Jungle Camps had received a tremendous response from investors. It was open from December 10-12 and was subscribed 494.58 times overall.
- QIB (Institutional Investors): 196.52 times
- NII (Non-Institutional Investors): 760.48 times
- Retail investors: 551.2 times
A total of 40,86,400 new shares with face value of ₹10 were issued in this IPO.
use of funds
The funds raised from the IPO will be used for the following projects:
- Project development in Sanjay Dubri National Park of MP.
- Renovation of existing jungle camp in Pench National Park, MP.
- Investment in Madhuvan Hospitality Private Limited for Mathura Hotel Project, UP.
- For other corporate purposes.
Company Profile: Jungle Camps India
Year established: 2002
Business: Jungle Camps, Hotels, Motels, Guest Houses, Restaurants and Hospitality Services.
- The company has 87 rooms, which include villas, cottages, deluxe rooms and safari tents.
- Other Facilities: Banquet Hall, Meeting Room, Bar, Cafe, Swimming Pool, Spa.
financial performance
The company’s financial position has seen improvement in recent years:
- FY22 Net Profit: ₹72.86 lakh
- FY23 Net Profit: ₹44.92 lakh (decline)
- FY24 Net Profit: ₹3.59 crore (sharp rise)
Revenue Growth:
- Revenue grows at 52% CAGR to ₹18.11 crore in FY24.
- FY25 Q1 (April-June 2024):
- Net Profit: ₹1.10 crore
- Revenue: ₹5.72 crore
