Jungle Camps India to Raise Rs 30 Crore via IPO

21 Nov 2024 , 03:04 PM

With the offer, the Delhi-based business hopes to raise about Rs 30 crore. Through the book-building process, 40,86,400 equity shares with a face value of Rs 10 will be issued as part of the offer.

Of the total IPO proceeds, the company plans to use Rs 7 crore to build a new project in Sanjay Dubri National Park, Rs 3.5 crore to renovate the Pench Jungle Camp resort in Madhya Pradesh, and Rs 11.5 crore to invest in Madhuvan Hospitality, a subsidiary, to build a four-star hotel in Mathura, Uttar Pradesh. The remainder of the funds will be utilised for regular business needs.

Travel enthusiasts can enjoy carefully chosen wildlife hospitality experiences at JCIL, a conservation-focused hospitality company, at its award-winning properties in the serene and deep forests of central India’s Pench Tiger Reserve, Kanha Tiger Reserve, and Rukhad Buffer Zone of Pench Tiger Reserve in Madhya Pradesh, and Tadoba Tiger Reserve in Maharashtra.

The company currently owns and operates 87 lodging units, including villas, cottages, deluxe rooms, safari tents, and other infrastructure facilities, in conjunction with its sister enterprises.

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