Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Jungle Camps India IPO
Price Band
₹68.0–72.0
Issue Size
₹29.42 Cr
Lot Size
1,600 shares
Min Investment
₹115,200
GMP
+₹60.0 (83.33%)
Issue Price
₹72.0
Subject to Sauda
₹73000
Paid only if allotted
Jungle Camps India IPO AI Summary
- Jungle Camps India IPO is listed on BSE SME in the Hotels & Resorts sector.
- Price band: ₹68.0–₹72.0 per share, lot size 1,600 shares (min. investment ₹115,200).
- Subscription window: 10 Dec–12 Dec 2024, listing on 17 Dec 2024.
- Current GMP is +₹60.0 (83.33%), an estimated listing price of ₹132 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Jungle Camps India IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 12 Dec 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Jungle Camps India IPO Grey Market Premium (GMP) Today
GMP
+₹60.0
GMP %
+83.33%
Est. Listing
₹132.0
Updated: 25 Jul 2026 14:02
About the Company
Incorporated in 2002, Jungle Camps India operates wildlife camps and hotels, motels, inns, guest houses, holiday homes, health clubs, catering houses, and restaurants in India. The company is a conservation-focused hospitality group that operates four award-winning boutique resorts in prime wildlife and tiger reserve national parks across central India. In addition to these resorts, the group manages a highway retreat and a restaurant and offers a variety of customized travel experiences. The company owns and operates 87 rooms, including villas, cottages, deluxe rooms, and safari tents. Its amenities include banquet halls, meeting rooms, restaurants, bars, cafes, swimming pools, and spa facilities. The Group owns and operates boutique luxury wilderness resorts at these four locations: Pench Jungle Camp, Pench National Park, Madhya Pradesh, and Rukhad Jungle Camp, Rukhad, Seoni District, Madhya Pradesh Tadoba Jungle Camp, Bhamdeli Village, Chandrapur District, Maharashtra Jungle Camp Kanha, Santapur Village, Balaghat District, Madhya Pradesh. The Group operates two highway venues: Bison Highway Retreat - Rukhad, District Seoni, Madhya Pradesh (Motel and Restaurant). Midway Treat- Deur Kothar, District Rewa, Madhya Pradesh (Restaurant). The company has a total of 162 employees. Competitive Strengths: Experienced promoters and an experienced management team Robust processes and scalable model, supported by an experienced team Strategic locations Focus on the needs of guests Creation of local jobs
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 29.57 | 29.43 | 18.41 | 18.92 |
| Total Income | 5.72 | 18.11 | 11.25 | 7.81 |
| Profit After Tax | 1.10 | 3.59 | 0.45 | 0.73 |
| NET Worth | 18.78 | 17.95 | 9.30 | 7.04 |
| Reserves and Surplus | 7.99 | 11.20 | 7.18 | 5.47 |
| Total Borrowing | 4.02 | 4.10 | 3.18 | 3.91 |
Key Ratios
EPS
₹3.15
NAV
₹26.61
ROE
20.01%
ROCE
24.75%
RoNW
20.01%
P/B Value
2.71
P/E Ratio
22.88
Market Cap
₹111.59 Cr
PAT Margin
20.54%
Debt/Equity
0.23
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Ras Resorts & Apart Hotels Ltd. | 49.2 | 0.94% | 117.15 | 0.46 | 0.46 |
| Espire Hospitality Limited | 2.46 | 77.12% | 104.21 | 1.9 | 1.9 |
| The Byke Hospitality Ltd. | 43.06 | 2.8% | 54.7 | 1.39 | 1.39 |
| Best Eastern Hotels Ltd. | 1.37 | 6.07% | 211.88 | 0.08 | 0.08 |
| Jungle Camps India Limited This IPO | 26.61 | 20.01% | — | 7.82 | 7.82 |
Promoters
Gajendra Singh, Laxmi Rathore, Yashovardhan Rathore, Ranvijay Singh Rathore and G S Rathore (HUF)
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To meet capital expenditure for the project development at Sanjay Dubri National Park, Madhya Pradesh. 7.00 2 To meet capital expenditure for renovation of existing resort Pench Jungle Camp, at Pench National Park, Madhya Pradesh 3.50 3 Investment in our Subsidiary, Madhuvan Hospitality Private Limited (“MHPL”) in relation to capital expenditure for the project development at Mathura Hotel Project, Mathura, Uttar Pardesh. 11.50 4 General Corporate Purposes 5.92
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹7.81 Cr in the year ending 31 Mar 2022, increasing to ₹11.25 Cr by 31 Mar 2023, and further rising to ₹18.11 Cr in the year ending 31 Mar 2024. However, for the period ending 30 Jun 2024, total income decreased to ₹5.72 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹0.73 Cr in the year ending 31 Mar 2022, increasing to ₹0.45 Cr by 31 Mar 2023, and then rising to ₹3.59 Cr in the year ending 31 Mar 2024. For the period ending 30 Jun 2024, profit after tax was ₹1.10 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹72.0, Jungle Camps India has an implied P/E ratio of 22.88, compared to peers trading at P/E ratios ranging from 54.7 to 211.88.
Grey Market Premium, Explained
The grey market premium (GMP) indicates the expected premium at which a stock might list on the stock exchange compared to its issue price. A positive GMP suggests that demand for the stock is higher than the issue price, while a negative GMP indicates lower demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, market conditions, and their personal financial goals.
Who May Want to Wait
Investors with a low risk tolerance or those seeking immediate returns may want to avoid IPOs like this, as they can be subject to market fluctuations and may not provide quick gains.
IPO Timeline, Explained
The IPO opens for subscription on 10 Dec 2024 and closes on 12 Dec 2024. Allotment of shares will be done on 13 Dec 2024, with the listing expected on 17 Dec 2024.
Listing Gains — The Risk
While listing gains can be attractive, they are not guaranteed. Market conditions, investor sentiment, and company performance can all affect the stock's price on its first day of trading.
This evaluation is generated from Jungle Camps India's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Jungle Camps India IPO GMP today?
Jungle Camps India IPO GMP today is +₹60.0 (83.33%), indicating an estimated listing price of ₹132. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Jungle Camps India IPO?
The price band of Jungle Camps India IPO is ₹68.0–₹72.0 per share.
When does Jungle Camps India IPO open and close?
Jungle Camps India IPO opens on 10 December 2024 and closes on 12 December 2024.
When does Jungle Camps India IPO list on the stock exchange?
Jungle Camps India IPO listed on 17 December 2024 at ₹132.0.
What is the lot size for Jungle Camps India IPO?
The lot size for Jungle Camps India IPO is 1600 shares, requiring a minimum investment of ₹115,200.
What is the lot size for this IPO?
The lot size for Jungle Camps India's IPO is 1600 shares.
What is the minimum investment required?
The minimum investment required is ₹115,200.
What is the price band for the IPO?
The price band for the IPO is ₹68.0 to ₹72.0.
When is the listing date?
The listing date is expected to be on 17 Dec 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which a stock might list compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
10 Dec 2024
Close
12 Dec 2024
Allotment
13 Dec 2024
Listing
17 Dec 2024
Similar IPOs in Hotels & Resorts
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Jungle Camps India?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.