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Wonderla Holidays IPO To Open On Apr 21

Wonderla Holidays, which runs two amusement parks in Kerala and Bangalore, plans to hit the capital market with an initial public issue (IPO) of 1,45,00,000 equity shares of Rs.10 each for cash per share through 100 percent book building process.

The issue opens on April 21 and closes on April 23, 2014.

The company currently 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, promoted by Kochi-based electrical goods maker V-Guard Group, 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 Edelweiss Financial Services Ltd.,ICICI Securities & Finance Co. Ltd.

by RTTNews Staff Writer

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