Wonderla Holidays files Draft Red Herring Prospectus with SEBI for IPO

MUMBAI: Wonderla Holidays Ltd today said it has filed a Draft Red Herring Prospectus (DRHP) with SEBI for an initial public offering of 14,500,000 equity shares of Rs 10 each for cash, at a price to be decided through a 100 per cent book-building process.

The issue would constitute 25.66 per cent of the fully diluted post issue paid up equity share capital of the company. The equity shares offered in the issue are proposed to be listed on BSE and NSE, a company statement said.

The Book Running Lead Managers (BRLMs) to the issue are Edelweiss Financial Services and ICICI Securities.

The company currently owns and operates two amusement parks under the brand name 'Wonderla', situated at Kochi and Bangalore. It also owns and operates a resort besides the amusement park in Bangalore under the brand name 'Wonderla Resort'.

The company is in the process of setting up their third amusement park in Hyderabad, and the issue proceeds will primarily be utilised for this purpose.

The company's total income increased from Rs 63.3 crore in fiscal 2009 to Rs 114.5 crore in fiscal 2012, at a CAGR of 21.85 per cent.

The net profit after tax increased from Rs 11 crore in fiscal 2009 to Rs 30 crore in fiscal 2012, at a CAGR of 39.65 per cent, the release said.