Wonderla Holidays Ltd. has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering of 1,45,00,000 equity shares of Rs.10 each for cash at a price to be decided through a 100 percent book-building process.
The issue would constitute 25.66 percent of the fully diluted post-issue paid-up equity share capital of the company.
The company is in the process of setting up its third amusement park in Hyderabad, and the issue proceeds will primarily be used for this purpose.
Presently, the company owns and operates two amusement parks under the brand name Wonderla at Kochi and Bangalore. It also owns and operates a resort beside the amusement park in Bangalore under the brand name Wonderla Resort.
The company is in the process of setting up its third amusement park in Hyderabad, and the issue proceeds will primarily be utilized towards this purpose.
The book running lead managers to the issue are Edelweiss Financial Services Ltd .and ICICI Securities Ltd., it added.
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