Adlabs Entertainment, the theme park operator, which on Tuesday hit the market with an IPO to raise Rs 400 crore, has allotted shares worth Rs 60 crore to anchor investors including funds operated by Daiwa, HDFC, Axis, IL&FS and L&T Mutual Funds.
The company allotted a total of 27.22 lakh equity shares to the anchor investors last night, ahead of the IPO, at a price of Rs 221 each, aggregating to Rs 60 crore.
The public issue began this morning and would close on March 12, wherein the company is offering 1.76 crore shares in a price band of Rs 221 to Rs 230 per equity share.
A discount of Rs 12 each on issue price will be given to all eligible retail individual bidders.
The anchor investors that have got the shares include Daiwa India Stock Active Mother Fund, HDTC Infra Fund, Axis MF, L&T MF, Mutual Fund and IL&FS Trust Co (Forefront Alternative Equity Scheme).
The overall issue, including the anchor investor operation, is sale of up to 20,326,227 equity shares, which includes a fresh issue of 18,326,227 equity shares and an Offer for Sale of 20 lakh shares by promoter entity Thrill Park Limited.
Adlabs Entertainment is promoted by Manmohan Shetty and Thrill Park.
The Issue constitutes 25.44 per cent stake in the company, which intends to list its shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The Global Co-ordinators and Lead Managers to the Issue are Deutsche Equities India, Centrum Capital and Kotak Mahindra Capital.
The company owns and operates Imagica, one of the leading theme parks in India. The company's portfolio also includes Aquamagica, a water park that became fully operational last year, and family hotel, Novotel Imagica Khopoli, the first phase of which is expected to be completed this month.