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Spectacular Start by Jungle Camps India, shares lists with 90% Premium on BSE SME Debut!

News by Aliceblue News Desk

17 Dec 2024

Spectacular Start by Jungle Camps India, shares lists with 90% Premium on BSE SME Debut!

Jungle Camps India achieved a strong debut on the BSE SME, with shares opening at ₹136.80 on Tuesday, December 17, marking a 90% increase from the issue price of ₹72, significantly outperforming initial expectations.

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Jungle Camps India Limited IPO experienced substantial interest on Day 3, December 12, 2024. Subscription rates soared with QIBs at 196.52, NIIs reaching 760.48, and Retail Investors at 551.2, culminating in a total subscription of 494.58 times the initial offer.

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Jungle Camps India Limited operates luxury wildlife resorts, a highway retreat, and a restaurant. It manages award-winning accommodations, including villas and safari tents, emphasizing conservation and responsible hospitality across several pristine locations and diverse subsidiaries.

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Jungle Camps India Limited aims to fund developments at Sanjay Dubri and Pench National Parks, and a new hotel in Mathura through capital expenditure and strategic corporate initiatives to enhance operations and guest satisfaction.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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