Business Standard

Monday, December 23, 2024 | 05:51 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Jungle Camp

Jungle Camps India sets SME IPO price band at Rs 68-72; to open on Dec 10

Jungle Camps India Ltd, which provides wildlife and conservation-focused lodges to guests, on Wednesday announced a price band of Rs 68-72 per share for its IPO, which will open on December 10 and close on December 12. The Initial Public Offering (IPO) -- to list on BSE Small and Medium Enterprises (SME)-- consists of a fresh issue of 4,086,400 equity shares with a face value of Rs 10 each. "The company aims to raise approximately Rs 29.42 crore through the IPO to fuel its expansion plans, enhance its brand presence and strengthen its commitment to sustainable tourism. Rs 7 crore of the proceeds will be used for developing a new project at Sanjay Dubri National Park in Madhya Pradesh while Rs 3.5 crore will be utilised for renovating its existing resort, Pench Jungle Camp, located in Pench National Park, Madhya Pradesh," it stated. Moreover, the company intends to invest Rs 11.5 crore in its subsidiary, Madhuvan Hospitality Private Ltd, to develop a 4-star hotel in Mathura, Uttar ..

Jungle Camps India sets SME IPO price band at Rs 68-72; to open on Dec 10
Updated On : 04 Dec 2024 | 11:40 PM IST

2,318 migrants evacuated from Jungle camp

1,918 adults left Calais on board 45 buses to go to 80 reception and orientation centres situated in 11 regions of France

Image
Updated On : 25 Oct 2016 | 2:41 AM IST