Jungle Camps India IPO allotment: Steps to check status on BSE, Skyline Financial Services

Jungle Camps India IPO allotment: Hospitality firm Jungle Camps India Ltd is expected to finalise the IPO share allotment status on Friday, December 13, following the bumper subscription of its initial public offering.

Riding on robust retail investor demand, the ₹29.42-crore issue was subscribed over 494 times on the last day of bidding on Thursday, driven by huge retail demand.

The IPO investors are now keenly awaiting the finalisation of share allotment status by the company. Though successful investors will be updated about the share allotment through emails and SMS, the share allocation details can be checked easily on the official websites of the BSE and IPO registrar, Skyline Financial Services Pvt Ltd.

Steps to check Jungle Camps India IPO share allotment status on registrar website

• Visit official website of Skyline Financial Services Pvt Ltd at https://www.skylinerta.com
• Click on ‘Investors’ drop down menu and select ‘Public Issues’
• Select Jungle Camps India Ltd as the company name (the name will appear only after finalisation of the allotment status)
• Enter Client ID, Application Number or PAN details
• Click on Search

How to check Jungle Camps India Ltd IPO share allotment on BSE

• Open BSE IPO allotment status page at https://www.bseindia.com/investors/appli_check.aspx
• Choose equity from two options given
• Select Jungle Camps India Ltd from the list of issue names
• Enter PAN details or application number
• Complete Captcha verification
• Submit to check details

The company has proposed to initiate refunds on Monday, December 16 to unsuccessful bidders. Shares will also be credited to Demat accounts of successful bidders on the same day.

The company has proposed to list its shares on the BSE SME platform on Tuesday, December 17.

Jungle Camps India subscription and other key details

The initial public offering of Jungle Camps India received bids for more than 134.46 crore shares against 27.18 lakh shares on offer, leading to an overall subscription of 494.65 times during the three-day bidding period from December 10 to December 12.

The Non-Institutional Investors (NIIs) booked their quota 760.83 times, while the retail investors subscribed their reserved portion by 551.2 times. The Qualified Institutions Buyers’ (QIBs) category was subscribed 196.52 times.

The BSE SME issue comprised entirely a fresh issue of 40.86 lakh shares. The IPO price band was fixed at ₹68 to ₹72 per share.

The minimum application size for retail investors was a single lot of 1,600 shares. The minimum investment amount was ₹1,15,200. For the High Net Worth Individuals (HNIs) the minimum investment amount was ₹2,30,400 for at least two lots of 3,200 shares.

Use of IPO proceeds

The company has proposed to utilise ₹7 crore from the IPO proceeds to finance the project development at Sanjay-Dubri National Park, Madhya Pradesh. A portion of the IPO will also be utilised for capital expenditure for the renovation of its existing resort, Pench Jungle Camp, at Pench National Park in Madhya Pradesh.

Moreover, the company has proposed to invest up to ₹11.5 crore in its subsidiary, Madhuvan Hospitality Private Limited, to fund a hotel project in Mathura, Uttar Pradesh.

About Jungle Camps India

Jungle Camps India operates wildlife- and conservation-focused lodges. Incorporated in 2002, the company runs various wildlife camps and hotels, motels, inns, guest houses, holiday homes, health clubs, catering houses, and restaurants in India. The group also manages a highway retreat and offers a variety of customized travel experiences.

For financial year 2023-24, Jungle Camps India’s revenue increased by 61% to ₹18.1 crore from ₹11.25 crore in FY 2022-23. Its profit after tax (PAT) surged 700% to ₹3.6 crore in FY24 from ₹44.92 lakh in FY23.