Adlabs Entertainment Limited IPO Details
About the Company
Adlabs is mainly into the business of theme park and may be classified under entertainment industry. Adlabs Imagica spread over 300 acres, is India’s first and only international standard theme park offering entertainment, shopping, dining and accommodation at one place. It can cater to about 20,000 visitors.
This Theme Park, is a part of Adlabs Mumbai, which also includes Aquamagica, a water park, which became fully operational on October 1, 2014, and a family hotel, Novotel Imagica at Khopoli, the first phase of which is expected to be completed by March 2015.
Presently, they have 25 rides and another five themed restaurants including
- A ride based on famous Bollywood film Mr. India,
- India’s biggest floor-less roller coaster
- A Hotel with 300 rooms
- A water park
Apart from this, they also offer entertainment through live performances from musicians, dancers, magicians , acrobats and various artists in different parts of their theme park.
The Promoters of the Company are:
- Mr Manmohan Shetty
- Thrill Park Ltd
| Symbol | AELTD |
| Issue Period | 10-Mar-2015 to 12-Mar-2015 |
| Post issue Modification Period | 13-Mar-2015 |
| Issue Size | Public issue of up to 20,326,227 Equity Shares. |
| Issue Type | 100% Book Building |
| Price Range | Rs.221 to Rs.230 |
| Discount | Rs 12 for retail category only |
| Face Value | Rs 10 |
| Tick Size | 1 |
| Market Lot | 65 Equity Shares |
| Minimum Order Quantity | 65 Equity Shares |
| Maximum Subscription Amount for Retail Investor | 200,000 (Rs. Two lacs only) |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
| Book Running Lead Manager | Deutsche Equities India Private LimitedCentrum Capital Limited
Kotak Mahindra Capital Company Limited |
| Syndicate Member | Centrum Broking LimitedKotak Securities Limited
Prabhudas Lilladher Private Limited |
*Non-Retail investors i.e. QIB and Non-Institutional Investors Bidding for more than 2 lac shall mandatorily use ASBA facility
Objects of the Issue
The object of the issue are to:
- Partial repayment or pre-payment of the Consortium Loan
- General corporate purposes
- Receive the benefits of listing of the Equity Shares on the Stock Exchanges.
For More details on the issue, please refer to this link
