Delhi-headquartered Jungle Camps India (JCIL) has filed the draft crimson herring prospectus (DRHP) with market regulator SEBI to expand funds by skill of the initial public offering (IPO) route.
The IPO will be a aloof reveal of 40.86 lakh equity shares with a face cost of Rs 10 per portion.
The equity shares are proposed to be listed on the BSE SME platform.
Other particulars love the associated rate band, lot size and reservation of the qualified institutional patrons (QIB), non-institutional investors (NII), and retail person investors will be launched later.
JCIL intends to exhaust Rs 7 crore of the fetch IPO proceeds to develop a brand aloof project at Sanjay Dubri National Park and Rs 3.5 crore to renovate the gift resort at Pench National Park, each and each in Madhya Pradesh.
Furthermore, the company moreover plans to invest Rs 11.5 crore in its subsidiary, Madhuvan Hospitality to develop a resort at Mathura in Uttar Pradesh and for standard corporate applications.
As share of its growth plans, JCIL has obtained leasehold rights for four extra hospitality projects with proposed 170 accommodations along with other linked infrastructure. On commencement of these projects, the company will hold and web page up a total of seven projects comprising 4 boutique plant life and fauna accommodations, one heritage resort, one twin carriageway motel along with a restaurant and one twin carriageway restaurant.
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Jungle Camps India Restricted posted a total revenue of Rs. 18.10 crore with a
profit of Rs. 3.59 crore in FY2023-24, in comparison with a total revenue of Rs.
11.24 crore and a profit of Rs. forty five Lakhs in FY23, registering a wholesome increase
of 61% in revenue and practically eight-fold upward push in profit.
Jungle Camps India is among the main experiential ecological hospitality groups in India and the Delhi-essentially based conservation-focussed hospitality company provides curated plant life and fauna hospitality experiences to slump enthusiasts in its properties positioned at Pench Tiger Reserve, Kanha Tiger Reserve and Rukhad Buffer Zone of Pench Tiger Reserve in Madhya Pradesh and Tadoba Tiger Reserve in Maharashtra.
Khambatta Securities is the book-operating lead manager and Skyline Financial Services and products is the registrar of the provide
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