Jungle Camps India IPO GMP: Investing in IPO is considered to be the easiest and safest way to earn money in the stock market. If you have done proper research about the company and the GMP of IPO is high then there is bound to be profit after IPO allotment. Let us tell you today about an IPO which is open only till tomorrow and if you get its IPO, then almost 90% of the profit will be made on the day of listing itself.
Which IPO is that?
The name of the IPO we are talking about is Jungle Camps India Limited. This IPO was opened on 10th December and will remain open till 12th December i.e. tomorrow. This company working in the hospitality sector wants to raise Rs 29.42 crore through fresh issue. Jungle Camps India Limited has fixed the price band for the IPO at Rs 68 to Rs 72 per share.
What is the GMP of the share?
Jungle Camps India IPO has received tremendous support from investors. You can guess this from the fact that on the second day of the opening of the IPO, this public issue was subscribed 138.67 times. At the same time, retail investors had subscribed it 232.74 times. Whereas, non-institutional investors had subscribed this IPO 104.34 times. Talking about the gray market price of Jungle Camps India Limited, according to investorgain.com, its GMP on December 11 was Rs 70. That means, if this GMP remains then this IPO which was available at Rs 72, will be listed at Rs 142. If explained in simple language, you will make a profit of 97.22 percent in a single day.
What is the financial condition of the company?
The strong financial performance of Jungle Camps India Limited has attracted the attention of investors. The company’s revenue has increased by 61% in the financial year 2024, while the profit after tax (PAT) has registered a staggering 700% increase. The market capitalization of the company is Rs 111.59 crore. The share allotment process of this IPO is expected to be completed on 13 December 2024, and shares of Jungle Camps India may be listed on 17 December 2024. This IPO will be listed on BSE SME platform.
Disclaimer: (The information provided here is being provided for information only. It is important to note here that investment in the market is subject to market risks. Always seek expert advice before investing money as an investor. ABPLive.com does not advise anyone It is never advisable to invest money here.)
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