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Adlabs Entertainment IPO is a book build issue of ₹374.59 crores. The issue is a combination of fresh issue of 1.83 crore shares aggregating to ₹337.74 crores and offer for sale of 0.20 crore shares aggregating to ₹36.86 crores.
Adlabs Entertainment IPO bidding started from Mar 10, 2015 and ended on Mar 12, 2015. The shares got listed on BSE, NSE on Apr 6, 2015.
Adlabs Entertainment IPO price band is set at ₹180.00 per share . The lot size for an application is 65. The minimum amount of investment required by an retail is ₹11,700 (65 shares). The lot size investment for sNII is 18 lots (1,170 shares), amounting to ₹2,10,600, and for bNII, it is 86 lots (5,590 shares), amounting to ₹10,06,200.
Centrum Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of 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 |
| Issue Price Band | ₹180 to ₹215 per share |
| Issue Price Final | ₹180 per share |
| Lot Size | 65 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 2,03,26,227 shares (aggregating up to ₹374.59 Cr) |
| Fresh Issue | 1,83,26,227 shares (aggregating up to ₹337.74 Cr) |
| Offer for Sale | 20,00,000 shares of ₹10 (aggregating up to ₹36.86 Cr) |
| Retail Discount | Rs 12.00 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 6,15,71,583 shares |
| Share Holding Post Issue | 7,98,97,810 shares |
Adlabs Entertainment IPO offers total 2,03,26,227 shares. Out of which 1,52,44,671 (75.00%) allocated to QIB, 60,97,869 (30.00%) allocated to QIB, 30,48,934 (15.00%) allocated to NII, 20,32,622 (10.00%) allocated to RII and 91,46,802 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,52,44,671 (75.00%) | NA |
| − Anchor Investor Shares Offered | 91,46,802 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 60,97,869 (30.00%) | NA |
| NII (HNI) Shares Offered | 30,48,934 (15.00%) | NA |
| Retail Shares Offered | 20,32,622 (10.00%) | 31,271 |
| Total Shares Offered | 2,03,26,227 (100.00%) |
Adlabs Entertainment IPO opens on March 10, 2015, and closes on March 12, 2015.
| IPO Open Date | Tue, Mar 10, 2015 |
| IPO Close Date | Thu, Mar 12, 2015 |
| Tentative Listing Date | Mon, Apr 6, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 12, 2015 |
Investors can bid for a minimum of 65 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹11,700 |
| Retail (Max) | 17 | 1,105 | ₹1,98,900 |
| S-HNI (Min) | 18 | 1,170 | ₹2,10,600 |
| S-HNI (Max) | 85 | 5,525 | ₹9,94,500 |
| B-HNI (Min) | 86 | 5,590 | ₹10,06,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Company Adlabs Entertainment IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Partial repayment or pre-payment of the Consortium Loan | 270.00 |
| 2 | General corporate purposes | 87.34 |
[Dilip Davda] <p>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.</p> <p><strong>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.</strong></p> Read detail review...
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 |
| BSE Listing Group | B |
Adlabs Entertainment Ltd.
30/31, Sangdewadi, Khopoli Pali Road,
Taluka-Khalapur,
District Raigad 410 203, Maharashtra
Khalapur, Maharashtra
Phone: +91 22 4068 0000
Email: compliance@adlabsentertainment.com
Website: http://www.adlabsimagica.com
MUFG Intime India Pvt.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 2,03,26,227 equity shares of the face value of ₹10 aggregating up to ₹374.59 Crores. The issue is priced at ₹180 per share. The minimum order quantity is 65.
The IPO opens on March 10, 2015, and closes on March 12, 2015.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Adlabs Entertainment IPO using UPI as a payment gateway. Zerodha customers can apply in Adlabs Entertainment IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Adlabs Entertainment IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Adlabs Entertainment IPO opens on March 10, 2015 and closes on March 12, 2015.
Adlabs Entertainment IPO lot size is 65, and the minimum amount required for application is ₹11,700.
You can apply in Adlabs Entertainment IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Adlabs Entertainment IPO listing date is on Monday, April 6, 2015.
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