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Wonderla Holidays announces IPO

To open its third amusemnet park in Hyderabad

Wonderla Holidays Limited has offered an Initial Public Offering (IPO) of 14,500,000 equity shares of INR10

Arun K Chittilappilly, Managing Director, Wonderla Holidays Limited addressing the media at the press conference in Mumbai today
Arun K Chittilappilly, Managing Director of Wonderla Holidays Limited addressing the media at the press conference in Mumbai today

each for cash at a price to be determined through book-building process in accordance with SEBI regulations 2009.

The issue will open on 21 April 2014, with a price band fixed between US$1.50 (INR115) and US$2.07 (IN125) per equity share. The minimal bid lot is 100 equity shares and in multiples of 100 equity shares thereafter. The issue will close on 23 April 2014.

The issue would constitute 25.66% of the fully diluted post issue paid up equity share capital of the company. The equity shares offered and issued through the Red Herring Prospectus are proposed to be listed on the BSE Limited and the National Stock Exchange (NSE) Limited.

Wonderla Holidays Limited currently owns and operates two amusement parks under the brand name ‘Wonderla’ in Kochi and Bengaluru. The company is in the process of setting up its third amusement park – Wonderla Hyderabad in Ranga Reddy District of Andhra Pradesh. The group also owns and operates a resort beside its amusement park in Bengaluru under the brand name – ‘Wonderla Resort’, which has been operational since March 2012.

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