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Amusement park operator, Wonderla Holidays, has come out with an initial public offering of 1.45 crore equity shares in a price band between ₹115 and ₹125 a share. The IPO constitutes 25.66 per cent of the fully diluted post-issue paid-up equity share capital of the company.
The issue, graded four out of five by CRISIL, opens for subscription on April 21 and closes on April 23.
The company plans to utilise ₹173.3 crore from the proceeds to set up its third amusement park — Wonderla Hyderabad — at Ranga Reddy district in Andhra Pradesh.
Of this, ₹70.82 crore would be utilised in FY15 and ₹102.48 crore in FY16. Edelweiss Financial Services and ICICI Securities are the book running lead Managers to the issue.
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