Strong Start! Jungle Camps shares list at 90% premium over IPO price on BSE SME
The shares of Jungle Camps India made a remarkable debut on the BSE SME platform on Tuesday, listing at a 90% premium at Rs 136.8.
Ahead of the listing, the company’s shares were trading with a GMP of Rs 60 in the grey market.
The IPO, which was completely a fresh equity sale of 40.86 lakh shares, received massive oversubscription of over 490 times at close.
Jungle Camps India is focused on delivering luxury with conservation focused camps set up not only as a business venture but to offer its guests a unique and memorable experience in the most natural and rustic environment.
The aim was to offer authentic, responsible and immersive experience to every guest and to showcase the best Indian wildlife and hospitality has to offer.
The company…
