Jungle Camps India Ltd‘s IPO is consistently performing well in the gray market. Its IPO will begin on the 10th of December. Retail investors can place bets on the firm’s IPO until 12 December.
Let us tell you, that the current GMP has crossed 10 percent. It is expected that the company can double the investors’ money on the day of listing.
The Price Range Is From The Rs 68 Mark To Around Rs 72
The price range of Jungle Camps India Ltd IPO was fixed at 68 rupees to 72 rupees for each share. The company has put together a number in the amount of 1600 shares. Due to this investors will have to bet at least Rs 1,15,200.
Let us tell you, the company’s listing has been fixed on 17 December 2024 in BSE SME.
GMP Reached 104 Percent
The GMP of the IPO of this SME company has reached the level of Rs 75. According to the report of Investors Gain, on Friday the company’s IPO was trading in the gray market at a premium of Rs 75. This is more than the price band of the company.
If the same trend is seen on the day of listing, then the company’s IPO will double the investors’ money on the first day itself. Let us tell you, there has been no change in the GMP of the company for the last few days.
The size of the Jungle Camps IPO was Rs 29.42 crore. The company will issue 40.86 lakh fresh shares through the IPO. There will be no shares issued in connection with the sale of shares during this IPO.
What Does This Company Do?
Jungle Camps India Ltd was established in 2002. The company manages wildlife camps and hotels motels, inns guest houses, holiday homes catering houses, health clubs, and restaurants.
In FY 2024, the company’s revenue was Rs 1810.61 crore. After-tax payment, the company had earned a profit of Rs 359.16 crore.
Quick Fact
| Company name | Jungle Camps India |
|---|---|
| IPO Date | 10 Dec to 12 Dec |
| Listing Date | 17 Dec 2024 |
| IPO Price Range | ₹68 to ₹72 |
| Minimum Investment | ₹1,15,200 (1600 shares) |
| GMP (Gray Market Premium) | ₹75 (104%) |
| IPO Size | ₹29.42 crore |
| Shares Issued | 40.86 lakh fresh shares |
| Establishment Year | 2002 |
| Core Business | Wildlife camps, hotels, guest houses, holiday homes, catering, health clubs, restaurants |
| FY 2024 Revenue | ₹1810.61 crore |
| FY 2024 Profit | ₹359.16 crore |
| Possible Listing Gain | Double investors’ money |
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