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Adlabs Entertainment IPO is a book built issue of Rs 365.87 crores. The issue is a combination of fresh issue of 1.83 crore shares and offer for sale of 0.2 crore shares.
Adlabs Entertainment IPO bidding started from March 10, 2015 and ended on March 12, 2015. The shares got listed on BSE, NSE on April 6, 2015.
Adlabs Entertainment IPO price band is set at ₹180 to ₹215 per share. The minimum lot size for an application is 65 Shares. The minimum amount of investment required by retail investors is ₹13,975.
Centrum Capital Limited, Deutsche Equities India Private Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the Adlabs Entertainment IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Adlabs Entertainment IPO RHP for detailed information.
| IPO Date | March 10, 2015 to March 12, 2015 |
| Listing Date | April 6, 2015 |
| Face Value | ₹10 per share |
| Price Band | ₹180 to ₹215 per share |
| Lot Size | 65 Shares |
| Total Issue Size | 20,326,227 shares (aggregating up to ₹365.87 Cr) |
| Fresh Issue | 18,326,227 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 2,000,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 61,571,583 |
| Share holding post issue | 79,897,810 |
Adlabs Entertainment IPO offers 20,326,227 shares. 15,244,671 (75.00%) to QIB, 3,048,934 (15.00%) to NII, 2,032,622 (10.00%) to RII. 31,271 RIIs will receive minimum 65 shares and (sNII) and (bNII) will receive minimum 975 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 15,244,671 (75.00%) | NA |
| NII (HNI) Shares Offered | 3,048,934 (15.00%) | |
| Retail Shares Offered | 2,032,622 (10.00%) | 31,271 |
| Total Shares Offered | 20,326,227 (100%) |
Investors can bid for a minimum of 65 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹13,975 |
| Retail (Max) | 14 | 910 | ₹195,650 |
| Lot Size Calculator | |||
The Promoters of the Company are:
1. Mr Manmohan Shetty
2. Thrill Park Ltd
| Share Holding Pre Issue | 77.01% |
| Share Holding Post Issue | 56.84% |
Adlabs Entertainment Limited is mainly engaged in the business of theme park and entertainment industry. AEL own and operates Adlabs Imagica which is India's first and only international standard theme park. It offers entertainment, dining, shopping and accommodation under one roof. The Rs 1,650-crore theme park spread over 300 acres opened in April 2013. It can accommodate as many as 20,000 visitors.
The Theme Park, is a part of Adlabs Mumbai, a 'one-stop' entertainment destination that they offer at this location. Adlabs Mumbai also includes Aquamagica, a water park, which became fully operational on October 1, 2014, and a family hotel, Novotel Imagica Khopoli, the first phase of which is expected to be completed by March 2015.
Currently they have 25 rides and five themed restaurants which include a ride based on the Bollywood film Mr. India, India's biggest floor-less roller coaster, and a 300-room hotel and water park. They also offer entertainment through live performances by acrobats, magicians, dancers, musicians and other artists throughout the day in various parts of theme park.
| Particulars | For the year/period ended (in Rs. Million) | ||||
| 01-Apr-14 to 30-Sep-14 | |||||
| Total Income | 733.25 | ||||
| Profit After Tax (PAT) | (535.29) | ||||
| KPI | Values |
|---|---|
| RoNW | -16.74% |
The object of the issue are to:
1. Partial repayment or pre-payment of the Consortium Loan;
2. General corporate purposes; and
3. Receive the benefits of listing of the Equity Shares on the Stock Exchanges.
[Dilip Davda]
As usual, on pricing point, despite SEBI’s suggestions quite often, merchant bankers have taken shelter of feedbacks from P/Es and QIBs rather than using their own expertise on the subject. We have seen the disaster of free pricing in the past with majority IPOs failing to reward investors post listings.
Disclaimer: Author has no plans to invest in this IPO. Investors can use their own discretion for investing in this IPO, as any investment in stock market is attached to market risks.
Read detail review...The Adlabs Entertainment IPO is subscribed 1.09 times on March 17, 2015 5:30:00 PM. The public issue subscribed 1.30 times in the retail category, 1.17 times in the QIB category, and 0.69 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.17 |
| NII | 0.69 |
| Retail | 1.30 |
| Total | 1.09 |
Discount of Rs 12.00 is available for Retail investors.
ADLABS Entertainment Ltd IPO raised less funds (Rs 276.67 Cr.) than its proposed public issue (Rs 374.60 Cr.) as the IPO didn't subscribe fully in NII category.
Shares Offered | Price(Rs ) | Public Issue Size (Rs ) | Shares Allocated | Total Amount Raised (Rs ) | |
|---|---|---|---|---|---|
QIB+NII | 18,293,605 | 180 | 3,292,848,900 | 13,473,335 | 2,425,200,300 |
Retail | 2,032,622 | 168 | 341,480,496 | 2,032,622 | 341,480,496 |
Total | 20,326,227 | 3,634,329,396 | 15,505,957 | 2,766,680,796 |
| Listing Date | April 6, 2015 |
| BSE Script Code | 539056 |
| NSE Symbol | IMAGICAA |
| ISIN | INE172N01012 |
| Final Issue Price | ₹180 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹180.00 |
| ₹167.95 |
| ₹156.40 |
| ₹199.00 |
| ₹191.25 |
| NSE |
|---|
| ₹180.00 |
| ₹162.20 |
| ₹155.20 |
| ₹194.60 |
| ₹191.50 |
Adlabs Entertainment Ltd
30/31, Sangdewadi, Khopoli Pali Road,
Taluka-Khalapur,
District Raigad 410 203, Maharashtra
Phone: +91 22 4068 0000
Email: compliance@adlabsentertainment.com
Website: http://www.adlabsimagica.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ael.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Adlabs Entertainment IPO is a main-board IPO of 20,326,227 equity shares of the face value of ₹10 aggregating up to ₹365.87 Crores. The issue is priced at ₹180 to ₹215 per share. The minimum order quantity is 65 Shares.
The IPO opens on March 10, 2015, and closes on March 12, 2015.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Adlabs Entertainment IPO opens on March 10, 2015 and closes on March 12, 2015.
Adlabs Entertainment IPO lot size is 65 Shares, and the minimum amount required is ₹13,975.
You can apply in Adlabs Entertainment IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Adlabs Entertainment IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Adlabs Entertainment IPO allotment status.
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