Jungle Camps makes a strong market debut; shares list at 90% premium

Jungle Camps India Limited (JCIL) witnessed a blockbuster debut on the BSE SME platform on Tuesday, listing at Rs 136.8 — a 90 per cent premium over its issue price.

Ahead of the debut, the company’s shares commanded a grey market premium (GMP) of Rs 60, signalling strong investor sentiment.

The IPO was a fresh equity issuance of 40.86 lakh shares and garnered massive demand with an oversubscription of over 490 times at close. This robust response highlights the growing investor interest in niche and sustainability-driven businesses.

Jungle Camps India operates as a conservation-focused hospitality group, offering boutique luxury resorts that provide immersive wildlife experiences in central India. The company manages 4 award-winning properties near prime wildlife destinations and tiger reserves. Its portfolio includes Kanha Jungle Camp and Tadoba Jungle Camp, both of which were ranked among TripAdvisor’s Top 25 Small Hotels in India for 2023 and 2024. These accolades underscore the company’s commitment to eco-friendly tourism and delivering world-class hospitality.

JCIL and its subsidiaries collectively operate 87 rooms across villas, safari tents, deluxe rooms, and cottages. The company also offers high-quality infrastructure including banquet halls, meeting rooms, bars, restaurants, and other amenities designed to deliver a memorable guest experience. The hospitality group has earned recognition such as the Best Eco-friendly Hotel award from MP Tourism in 2018.

Jungle Camps India combines luxury and sustainability by focusing on conservation, offering guests an authentic and responsible experience amidst India’s natural landscapes. Their properties emphasize a seamless connection between wildlife, culture, and hospitality, catering to eco-conscious travelers and wildlife enthusiasts.

The stellar stock market debut reflects investor confidence in the company’s unique business model, sustainable practices, and growing demand for boutique luxury tourism. JCIL’s success showcases the potential of niche players in the Indian hospitality industry, particularly those embracing eco-tourism and responsible travel.