Jungle Camps India SME IPO to open on Dec 10, fixes price band at Rs 68-72 per share

Jungle Camps India, a conservation-focused hospitality group, is set to raise Rs 29.42 crore through its initial public offering as it has filed red herring prospectus with the Registrar of Companies on December 2.

The maiden public issue, which comprises of entirely fresh issue of 40.86 lakh equity shares, will open for subscription on December 10 and close on December 12. The anchor book, if any, will be opened for institutional investors for a day on December 9.

Founded in 2002 with the launch of first lodge Pench Jungle Camp in the natural forested estate, followed by Kanha Jungle Camp in 2018, Tadoba Jungle Camp in 2021 and Rukhad Jungle Camp in 2022, Jungle Camps India owns and manages total of 87-room accommodation in Madhya Pradesh, and Maharashtra.

Presently, it owns and operates two boutique wildlife resorts and one highway retreat and one highway restaurant on standalone basis, while other two boutique resorts are owned through subsidiaries. It has recently set up another wholly owned subsidiary, Madhuvan Hospitality as a special purpose vehicle owning 60-room four-star hotel project at Mathura.