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Strong listing! Jungle Camps India debuts on BSE SME platform with 90% premium – IPO News
Jungle Camps India, the BSE SME issue which ran from December 9 to December 12, made its debut on the BSE SME platform this Tuesday (December 17). The company’s shares surged by 90 per cent on listing, opening at Rs 136.80 per share, well above the issue price of Rs 72.
Grey Market Premium
Ahead of its listing, the hospitality company’s shares are commanding a grey market premium (GMP) of Rs 60 per share, with an estimated listing of Rs 132 or 83.33 per cent gain.
IPO Subscription
Jungle Camps India’s IPO, which opened for subscription from December 9 to December 12, witnessed a positive response from all investor categories.
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By the close of the bidding process, Jungle Camps India IPO received an overall subscription of 494.58 times. The Retail Segment of the BSE issue was subscribed 551.20 times and NII (Non-Institutional Investors) portion was subscribed 760.48 times.
Similarly, the QIB (Qualified Institutional Buyers) of Jungle Camps India’s IPO was subscribed 196.52 times.
IPO Details: Price, Lot Size, and Fundraising
The company’s IPO aimed to raise Rs 29.42 crore through a fresh issue of shares.
The price band for the Jungle Camps India IPO was set at 68 to ₹72 per share, with a minimum lot size of 1,600 shares. The basis of allotment of shares was finalised on December 13.
About Jungle Camps India
Founded in 2002, Jungle Camps India Limited is known for its focus on wildlife tourism and boutique hospitality experiences. The company operates four Resorts, located near national parks and wildlife reserves in central India, Highway Retreat and Restaurant.
With 87 rooms across its properties, Jungle Camps India offers a mix of luxury and nature-based tourism with amenities like swimming pools, spas, and dining facilities.
Key Players Behind the Issue
The registrar for the Jungle Camps India IPO is Skyline Financial Services Private Ltd, while Khambatta Securities is the lead manager.
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