Jungle Camps India Ltd IPO

About Jungle Camps India Ltd

Jungle Camps India Limited was originally incorporated as Pench Jungle Resorts Private Limited under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated July 22, 2002, issued by the Registrar of Companies, Delhi. Subsequently, the name of the Company was changed to Jungle Camps India Private Limited pursuant to shareholders resolution passed at Extra-ordinary General Meeting held on January 02, 2024. A fresh Certificate of Incorporation consequent upon change of name was issue by the Registrar of Companies, Delhi on February 15, 2024. Thereafter, the Company was converted into a Public Limited Company pursuant to shareholders resolution passed at Extra-ordinary General Meeting held on April 23, 2024, and the name of the Company was changed to Jungle Camps India Limited. A fresh Certificate of Incorporation consequent upon Conversion from Private Limited Company to Public Limited Company was issued by the Registrar of Companies, NCT of Delhi on June 13, 2024. The Corporate Identification Number of the Company is U55101DL2002PLC116282.

The global hospitality market size has grown strongly in recent years. It is expected grow from US$4,674 bn in 2023 to US$4,994 bn in 2024 at a rate of 6.8%. The historical growth witnessed can be attributed to the expansion of travel and tourism, cultural and social transformations, global events including pandemics, and increased investment in infrastructure. Government Initiatives: The Indian Government has realised the country's potential in the tourism industry and has taken several steps to make India a global tourism hub. Some of the major initiatives planned by the Government of India to boost the tourism and hospitality sector of India are as follows: In the Union Budget 2023-24, US$ 290.4 million has been allocated to the Ministry of Tourism. Under the Union Budget 2023-24, an outlay of US$ 170.85 million has been allocated for the Swadesh Darshan Scheme to develop a complete package of 50 tourist destinations for providing a wholesome tourism experience by facilitating physical, digital and virtual connectivity, availability of tourist guides and tourist security. Ministry of Tourism has sanctioned 76 projects under the scheme since its inception under 13 themes for a revised sanctioned cost of US$ 668.95 million and has released US$ 534.9 million (till December 31, 2021). Under Budget 2023-24, the Government has allocated US$ 30.25 million for the development of tourist circuits under PRASHAD. Since its launch in January 2015 and Ministry has sanctioned 37 projects in 24 states with estimated expenditure of US$ 146.4 million and a cumulative amount of US$ 91.6 million has been released for these projects. 68 destinations/sites have been identified in 30 States/UTs for development under the PRASHAD Scheme as on March 31, 2022. Ministry of Tourism has partnered with the Quality Council of India (QCI), to assist the Hospitality Industry in their preparedness to continue operations safely and mitigate risks arising out of the COVID-19 pandemic through an initiative called SAATHI (System for Assessment, Awareness and Training for Hospitality Industry). A hotel/unit goes through the SAATHI framework and agrees to fully follow the requirements wherever applicable possible, and a self-certification is issued. Self-certified Hotel/units attend webinars to clarify doubts through live interactions. If Hotel/unit desires, they may undertake site-assessment based on SAATHI framework through QCI accredited agencies and an assessment report with opportunities for improvement is shared with the assessed unit. Under this Loan Guarantee Scheme for Covid Affected Tourism Service Sector (LGSCATSS), loan upto US$ 12,110 will be extended to each Tour Operators/ Travel Agents/ Tourist Transport Operators approved/recognized by the Ministry of Tourism. Guarantees for Skill Development Loans by the member banks of IBA up to Rs. 1.5 lakh (US$ 1,801) extended by lending institutions to eligible borrowers without collateral or third-party guarantee.

The Jungle Camps is founded in 2002 with its first lodge Pench Jungle Camp situated in natural forested estate, the founding lodge provided an intimate connection with the jungles. This was followed by the launch of Kanha Jungle Camp in 2018. Company is a conservation focused hospitality group with a collection of four award winning boutique resorts located at prime wildlife and tiger reserves national parks across central India. Due to the positive feedback and encouragement from the guests and the trade alike, there were more lodges added to the expansion plan.

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