Jungle Camps India Ltd., a small and medium-sized business (SME), made a spectacular trading debut on Tuesday, December 17. The stock was listed on the BSE SME platform at a 90 per cent premium.
On Tuesday, Jungle Camps India's stock opened at Rs 136.8, which was less than the Rs 72 price at which it was offered for sale. The share price increased by 4.9 per cent within minutes of the trading session starting to reach the day's high of Rs 143.50 apiece. However, it then fell to Rs 129.97 apiece, which was the 5 per cent lower circuit.
Listing gains
Successful bidders who were given shares in the primary issue would have been sitting on a profit of at least Rs 1,03,680 (Rs 64.80 x 1,600) as soon as the stock began trading on the BSE, since the minimum bid quantity to apply for the Jungle Camps IPO was 1,600 shares.
Subscription across all categories
During the three days that the Jungle Camps India IPO was up for bid, from December 10 to December 12, it was oversubscribed by an astounding 495 times.
Demand was highest among non-institutional investors (NIIs), who were overbooked by more than 760 times. While the qualified institutions buyers (QIBs) segment was overbooked by nearly 197 times, the retail category was overbid by 551 times.
IPO size and price band
The goal of the Jungle Camps India IPO, which was entirely book-built, was to raise Rs 29.42 crore. The entire issue consisted of a new 40.86 lakh share issuance.
The issue's price range was set at Rs 68 to Rs 72 per share. An application's lot size, or minimum bid quantity, was 1,600 shares.
Company's financials and profile
Jungle Camps India runs lodges with an emphasis on conservation and wildlife. Since its incorporation in 2002, the company has operated a number of wildlife camps, hotels, motels, inns, guest houses, vacation homes, health clubs, catering services, and restaurants throughout India. The organization also provides a range of personalized travel experiences and oversees a highway retreat.
In FY 2023-24, Jungle Camps India's revenue climbed from Rs 11.25 crore to Rs 18.1 crore, a 61 per cent increase. Profit after tax (PAT) increased from Rs 44.92 lakh in FY23 to Rs 3.6 crore in FY24, a multiplication.
