<p>New Delhi: Ecological hospitality firm Jungle Camps on Wednesday announced that it will raise Rs 29.42 crore through an Initial Public Offering (IPO) that will open for subscription on December 10.</p><p>Addressing a media briefing, company founder Gajendra Singh Rathore said the money raised through the IPO would be utilised for funding expansion plans.</p><p>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.</p>.MTR Foods owner Orkla mulls $400 million IPO of Indian business.<p>The company intends to invest Rs 11.5 crore in its subsidiary, Madhuvan Hospitality Private Limited, to develop a 4-star hotel in Mathura, Uttar Pradesh.</p><p>“The remaining capital will be used for general corporate purposes,” Rathore said.</p><p>The IPO consists of a fresh issue of 4,086,400 equity shares with a face value of Rs 10 each. It will open for subscription on December 10 and close on December 12. The anchor book, if any, will open for institutional investors on December 9.</p><p>The price band for the IPO has been set at Rs 68-72 per share. Half of the shares offered through the IPO will be reserved for Qualified Institutional Buyers (QIBs), while 15 per cent will be for High Net-worth Individuals (HNIs). The remaining 35 per cent will be allocated to retail investors.</p><p>Founded in 2002, Jungle Camps India Ltd provides wildlife and conservation-focused hospitality service through its properties located at various wildlife reserves, including Pench Tiger Reserve, Kanha Tiger Reserve, Rukhad Buffer Zone of Pench Tiger Reserve, and Tadoba Tiger Reserve.</p><p>Khambatta Securities Limited is the sole Book Running Lead Manager, while Skyline Financial Services Private Limited will act as the Registrar. The IPO will be listed on the BSE SME platform.</p>
<p>New Delhi: Ecological hospitality firm Jungle Camps on Wednesday announced that it will raise Rs 29.42 crore through an Initial Public Offering (IPO) that will open for subscription on December 10.</p><p>Addressing a media briefing, company founder Gajendra Singh Rathore said the money raised through the IPO would be utilised for funding expansion plans.</p><p>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.</p>.MTR Foods owner Orkla mulls $400 million IPO of Indian business.<p>The company intends to invest Rs 11.5 crore in its subsidiary, Madhuvan Hospitality Private Limited, to develop a 4-star hotel in Mathura, Uttar Pradesh.</p><p>“The remaining capital will be used for general corporate purposes,” Rathore said.</p><p>The IPO consists of a fresh issue of 4,086,400 equity shares with a face value of Rs 10 each. It will open for subscription on December 10 and close on December 12. The anchor book, if any, will open for institutional investors on December 9.</p><p>The price band for the IPO has been set at Rs 68-72 per share. Half of the shares offered through the IPO will be reserved for Qualified Institutional Buyers (QIBs), while 15 per cent will be for High Net-worth Individuals (HNIs). The remaining 35 per cent will be allocated to retail investors.</p><p>Founded in 2002, Jungle Camps India Ltd provides wildlife and conservation-focused hospitality service through its properties located at various wildlife reserves, including Pench Tiger Reserve, Kanha Tiger Reserve, Rukhad Buffer Zone of Pench Tiger Reserve, and Tadoba Tiger Reserve.</p><p>Khambatta Securities Limited is the sole Book Running Lead Manager, while Skyline Financial Services Private Limited will act as the Registrar. The IPO will be listed on the BSE SME platform.</p>