The Wonderla IPO was 98% subscribed till yesterday. A good sign. It should go to 2-4 times today being last day. http://m.moneycontrol.com/news/ipo-issues-open/wonderla-ipo-subscribed-98day-2-issue-closes-tomorrow_1072990.html?page=1
Punit
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- Report date 21-April-2014
- Small Cap – estimated market cap Rs 706 crores post IPO
- Pricing range: Rs. 115-125
- Issue Period: 21-23 April 2014
- Advice: Buy for 2-3 years
Summary:
- Wonderla Holidays is the first IPO offering in a high potential amusement park industry of India
- Impressive financials with Income, EBITDA and Profits growing at 21.7%, 22% and 26% over 5 yrs
- Good Promoter track record
- Exciting growth plans for Hyderabad and Chennai
Here is a note on Wonderla Holidays Ltd IPO. (WHL).
IPO Highlights
- IPO opens: 21-23 April’14 with Issue Price band: 115-125 per share
- Minimum lot size: 100 shares and apply for multiples of this.
- Shares offered to public: 1.45 crores of Face Value: Rs.10 per share
- Shares offered of post issue equity: 25.7%
- Amount proposed to be raised: Rs.190 crores maximum at upper end of price band
- IPO proceeds: Rs. 178 crores in setting up an amusement park in Hyderabad and the…
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