Jungle Camps India Limited IPO

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The company is a conservation-focused hospitality group that specializes in providing luxury accommodations with a deep emphasis on sustainability and connection to nature. Over the years, they have established a strong presence in central India’s premier wildlife and tiger reserve national parks, offering an authentic and immersive wildlife experience combined with unmatched Indian hospitality.

These camps are designed not merely as a business venture but as a way to deliver luxury with a purpose. They focus on:
i. Providing guests with authentic, responsible, and memorable experiences in natural and rustic settings.
ii. Showcasing the best of Indian wildlife and hospitality.
iii. Upholding principles of sustainability and conservation to protect the ecosystems they operate in.

Their Offerings

They manage a total of 87 rooms across their properties, featuring:
i. Accommodations: Villas, cottages, deluxe rooms, and safari tents, tailored to offer a blend of luxury and nature.
ii. Infrastructure and Amenities:
a. Banquet halls and meeting rooms for events and gatherings.
b. Restaurants, bars, and cafés offering curated culinary experiences.
c. Swimming pools and spa facilities for relaxation and wellness.
d. Other amenities that enhance the guest experience, while ensuring comfort and style.

Property Portfolio

i. Pench Jungle Camp: A flagship lodge offering a seamless blend of luxury and wilderness.
ii. Kanha Jungle Camp: Known for its eco-friendly design and connection to the surrounding forests.
iii. Tadoba Jungle Camp: Situated in the heart of a prime tiger reserve, perfect for wildlife enthusiasts.
iv. Rukhad Jungle Camp: Celebrated for its rustic charm and immersive natural environment.

Recognition

Their properties have consistently won awards for excellence in hospitality, conservation efforts, and guest experiences. This reflects their dedication to delivering value not just to their guests but also to the ecosystems they operate in.

Through their carefully designed properties and services, they continue to redefine luxury in the wilderness while staying committed to sustainability and conservation.

Objects of the Jungle Camps India Limited IPO:

The Company will use Proceeds from the Fresh Issue for the following objects: i. To meet the capital expenditure for the project development at Sanjay Dubri National Park, Madhya Pradesh. ii. To meet the capital expenditure for the renovation of existing resort Pench Jungle Camp, at Pench National Park, Madhya Pradesh. iii. Investment in the Subsidiary, Madhuvan Hospitality Private Limited ("MHPL") about capital expenditure for the project development at Mathura Hotel Project, Mathura. iv. General Corporate Purposes.
DRHP of Jungle Camps India Limited IPO
RHP of Jungle Camps India Limited IPO

Jungle Camps India Limited IPO Details:

Open Date: Dec 10 2024
Close Date: Dec 12 2024
Total Shares: 4,086,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 29.42 Cr.
Lot Size: 1600 Shares
Issue Price: ₹ 68 - 72 Per Equity Share
Listing At: BSE SME
Listing Date: Dec 17 2024

Promoters And Management:

Mr. Gajendra Singh, aged 55, is a Chartered Accountant with 31 years of experience. He founded G Singh & Co., a leading accounting firm specializing in financial management and consultancy. In 2006, he diversified into wildlife hospitality, focusing on conservation, innovation, sustainability, and expanding the hotel portfolio. Currently, he plays an active role in managing the company’s daily operations, driving its growth and strategic initiatives. Mr. Yashovardhan Rathore, aged 28, holds a Master’s in International Hotel Management, a B.Com (H), and an LLB, with 4 years of experience in related fields. He has worked as a management trainee at Adolphus Hotel, Dallas, USA, and as a Legal Forensics and Integrity Advisor with Ernst & Young. Currently, he oversees the operations of the company, bringing his diverse expertise to drive efficiency and growth. Mr. Ajay Singh, aged 30, holds a Master’s in Commerce and brings 10 years of expertise in accounting and taxation. Having worked with S K Patodia & Associates, Mumbai, and G Singh & Company, New Delhi, he now leads the finance department as the Chief Financial Officer. Known for his strategic insights and deep understanding of financial dynamics, Ajay plays a crucial role in ensuring the company's growth is financially sustainable and every initiative is viable.

Financials of Jungle Camps India Limited IPO:

Key Financial Performance (in Lakhs ) 2024 2023 2022
Revenue from operations 1748.82 1110.26 739.01
Total Income 1810.61 1124.55 781.17
EBITDA 668.45 165.71 189.18
EBITDA Margin 38.22% 14.93% 25.60%
PAT 359.16 44.92 72.86
PAT Margin 20.54% 4.05% 9.86%
Operating cash flow 222.02 86.72 157.77
Net worth 1794.89 930.04 703.81
Net Debt 174.82 207.75 228.34
Debt Equity Ratio 0.23 0.34 0.56
ROCE (%) 24.75% 7.67% 10.30%
ROE (%) 20.01% 4.83% 10.35%

Comparison With Peers:

Company Revenue (₹ Cr) EBITDA (₹ Cr) (OPM) % PAT (₹ Cr) NPM Market Cap (₹ Cr) P/E Ratio
Jungle Camps India Limited 18.1 6.88 38.01% 3.59 19.83% 111 31x
Best Eastern Hotels 6.34 1.12 17.67 0.06 0.95 28.6 178
The Byke Hospitality 87.81 36.1 41.11 6 6.83% 399 66.1
Espire Hospitality 58.28 8.6 14.76 2.65 4.55 267 101
 

Recommendation on Jungle Camps India Limited IPO:

Review and Recommendation of Jungle Camp by IZ team is 5/10

Lead Manager of Jungle Camps India Limited IPO:

  1. Khambatta Securities Limited

Registrar of Jungle Camps India Limited IPO:

  1. Skyline Financial Services Private Ltd

Company Address:

Jungle Camps India Limited 221-222/9, 2nd Floor, Som Dutt Chamber-II, Bhikaji Cama Place- 110066, Phone: +91-011-41749354 Email: legal@penchjunglecamp.com Website: https://junglecampsindia.com/about-us/

Discussion on Jungle Camps India Limited IPO:

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