Jungle Camps India, a prominent player in the eco-tourism sector, recently launched its Initial Public Offering (IPO) from December 10 to December 12, 2024. The company offered 4,086,400 shares at a price band of ₹68 to ₹72 per share, aiming to raise approximately ₹29.42 crore. The IPO met with enthusiasm, oversubscribed by a remarkable 495 times, reflecting strong investor confidence in the company’s prospects.
Company Review:
Established in 2002, Jungle Camps India operates boutique resorts and wildlife camps in prime national parks and tiger reserves across central India. Their properties, including Pench Jungle Camp, Tadoba Jungle Camp, Rukhad Jungle Camp, and Kanha Jungle Camp, offer unique accommodations such as villas, cottages, and safari tents, providing guests with immersive wildlife experiences. The company’s commitment to sustainability and guest satisfaction has solidified its reputation in the ecotourism industry.
Financial Performance:
Jungle Camps India has demonstrated robust financial growth in recent years. In the fiscal year 2023-24, the company reported a revenue of ₹18.1 crore, marking a 61% increase from ₹11.25 crore in the previous fiscal year. Profit after tax (PAT) saw a significant rise to ₹3.6 crore from ₹44.92 lakh in the same period, indicating strong operational efficiency and market demand for their services.
IPO Objectives:
The funds raised through the IPO are raised towards:
Project Development: Approximately ₹7 crore is designated for developing a new project at Sanjay Dubri National Park in Madhya Pradesh.
Renovation of Existing Resorts: ₹3.5 crore is allocated for the renovation of the existing Pench Jungle Camp at Pench National Park, enhancing guest experiences and maintaining high standards.
Expansion into New Markets: The company plans to invest in a project in Mathura, Uttar Pradesh, diversifying its portfolio and tapping into new customer segments.
General Corporate Purposes: A portion of the proceeds will be used for general corporate needs, ensuring operational flexibility and financial stability.
Why Invest in Jungle Camps IPOs?
1. Eco friendly Tourism Industry: Eco-tourism in India is experiencing significant growth, with a compound annual growth rate (CAGR) of 14%. Jungle Camps India’s focus on sustainable and luxury wildlife experiences positions it favorably to capitalize on this expanding market.
2. Strategic Locations: The company’s resorts are situated near prominent wildlife reserves and national parks, attracting both domestic and international tourists seeking authentic nature experiences.
3. Strong Financial Health: The impressive revenue and profit growth indicate effective management and a scalable business model, providing confidence to investors regarding future profitability.
4. Commitment to Sustainability: With increasing global emphasis on environmental conservation, Jungle Camps India’s eco-friendly operations with the values of modern travelers and socially responsible investors.
5. Experienced Leadership: Led by seasoned professionals with deep industry expertise, the company is well-equipped to navigate the competitive landscape and drive sustainable growth.
Jungle Camps India’s successful IPO and strong market debut underscore the company’s solid fundamentals and growth potential in the burgeoning eco-tourism sector. Investors seeking to diversify their portfolios with exposure to the sustainable and marketing sector.
You can easily invest in Jungle Camps stocks by creating a demat account in Angel One –
Jungle Camps IPO
