Jungle Camps India has fixed the price band for IPO, it will open for bidding on this date
Share Market News / Jungle Camps India has fixed the price band for IPO, it will open for bidding on this date
Share Market News - Jungle Camps India has fixed the price band for IPO, it will open for bidding on this date
Share Market News: Another great opportunity is coming for investors in the stock market. Jungle Camps India Limited has announced its IPO (Initial Public Offering). This IPO will open on December 10 and close on December 12. The company has fixed the price band of Rs 68-72 per share. This is an SME IPO, which will be listed on the BSE Small and Medium Enterprises (SME) platform.IPO DetailsThis IPO consists of a fresh issue of 4,086,400 equity shares with a face value of Rs 10. The company is aiming to raise around Rs 29.42 crore through this offering. This amount will help in strengthening the company's expansion plans and brand.Use of fundsJungle Camps India Limited operates in the environment and conservation-focused tourism sector. The funds raised from this IPO will be used by the company for the following projects:Sanjay Dubri National Park, Madhya PradeshAn investment of about Rs 7 crore will be made for the development of a new project.Pench National Park, Madhya PradeshRs 3.5 crore will be invested in the restoration of Pench Jungle Camp Resort.4-star hotel in MathuraRs 11.5 crore will be invested in the company's subsidiary Madhuvan Hospitality Private Limited, where a 4-star hotel will be constructed in Mathura, Uttar Pradesh.Allotment scheme for investorsShares in the IPO will be allotted as follows:35%: To retail investors.50%: To qualified institutional buyers (QIBs).15%: To high net worth individuals (HNIs).Why invest?Strong brand: Jungle Camps India has a strong identity in the field of wildlife and conservation-focused lodges and resorts.Expansion plans: The company's new projects and hotel development plans can provide long-term benefits.Contribution to green tourism: The company is part of the growing trend of eco-friendly tourism, making it attractive for investment.ConclusionThe IPO of Jungle Camps India Limited can be an attractive opportunity for investors interested in environmental conservation and sustainable tourism. If you are planning to invest, then definitely include this IPO in your list. According to the opinion of market experts, this IPO can prove to be profitable for long term investment.Note: Before investing, do analyze the company's plans and market conditions.