Jungle Camps India Limited files DRHP with BSE SME, Hospitality News, hoteldealers.in | www.hoteldealers.in

  • Vijaylakshmi by Vijaylakshmi
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Jungle Camps India Limited files DRHP with BSE SME, Hospitality News, hoteldealers.in | www.hoteldealers.in
Jungle Camps India Limited files DRHP with BSE SME, Hospitality News, hoteldealers.in | www.hoteldealers.in

Jungle Camps India Limited files DRHP with BSE SME Jungle Camps India Limited (“JCIL” or “The Company”), one of the leading experiential ecological hospitality groups in India, announced the filing of its Draft Red Herring Prospectus (DRHP) with BSE SME. The company’s initial public offering comprises a fresh issuance of 40,86,400 Equity Shares, each with a face value of INR 10. Khambatta Securities Limited is the sole Book Running Lead Manager to the Issue, and Skyline Financial Services Private Limited is the Registrar. The Delhi-headquartered conservation-focused hospitality company offers exceptionally curated wildlife hospitality experiences to travel enthusiasts in its award-winning properties located at Pench Tiger Reserve, Kanha Tiger Reserve and Rukhad Buffer Zone of Pench Tiger Reserve in Madhya Pradesh and Tadoba Tiger Reserve in Maharashtra in the tranquil and deep forests of central India. Currently, the company, along with its subsidiary companies, owns and manages a total of 87 room accommodations, including villas, cottages, deluxe rooms, safari tents, and various infrastructure facilities. According to DRHP, JCIL intends to utilise INR 7 crore of the total IPO proceeds to develop a new project at Sanjay Dubri National Park, INR 3.5 crore to renovate the existing resort – Pench Jungle Camp, at Pench National Park, both in Madhya Pradesh and proposes to invest INR 11.5 crore in its subsidiary company – Madhuvan Hospitality Private Limited, to develop a 4-star hotel at Mathura in Uttar Pradesh. The remaining capital will be used for general corporate purposes. As part of its expansion plans, JCIL has acquired leasehold rights for four additional hospitality projects with proposed 170 accommodations along with other associated infrastructure. On commencement of these projects, the company will own and manage a total of 7 projects comprising 4 boutique wildlife resorts, one heritage hotel, one highway motel along with a restaurant and one highway restaurant. Founded in 2002 by Gajendra Singh Rathore, Jungle Camps India Limited reported a total revenue of INR 18.10 crore with a profit (PAT) of INR 3.59 crore in FY24, compared to total revenue of INR 11.24 crore and a profit (PAT) of INR 45 Lakhs in FY23, registering a healthy growth of 61.03 percent in revenues and almost eight-fold rise in profit.

Published On Jul 30, 2024 at 07:00 PM IST

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