HBI Staff | Hyderabad 
Jungle Camps India Limited (JCIL), a leader in ecological and experiential hospitality, is set to launch its Initial Public Offering (IPO) to raise INR 29.42 crore. The funds will fuel expansion plans, enhance brand presence, and support sustainable tourism initiatives.
Key allocations include INR 7 crore for a new project at Sanjay Dubri National Park, INR 3.5 crore for renovating Pench Jungle Camp in Madhya Pradesh, and INR 11.5 crore for developing a 4-star hotel in Mathura through subsidiary Madhuvan Hospitality Private Limited.
The IPO comprises a fresh issue of 4,086,400 equity shares priced between INR 68 and INR 72 per share, opening for subscription from December 10 to December 12, 2024. Allocation is split among retail investors (35%), Qualified Institutional Buyers (50%), and High Net-worth Individuals (15%). Khambatta Securities is the sole Book Running Lead Manager, and shares will list on BSE SME.
This IPO marks a significant step in JCIL’s journey to solidify its position as a sustainable tourism pioneer while expanding its footprint in the ecological hospitality sector.
