Wonderla Holidays shares list at 32% premium

Shares of amusement park operator Wonderla Holidays today made a smart debut, rising nearly 32 per cent over its issue price.

On the BSE, the company's shares debuted at Rs 164.75, up 31.8 per cent against the issue price of Rs 125.

Wonderla Holidays' stock opened the day at Rs 160, against the issue price of Rs 125, registering a gain of 28 per cent at the NSE.

As the trade progressed, the scrip surged to a high of Rs 168 and was later trading at Rs 158.50, up 26.80 per cent.

The public issue of Wonderla was priced at Rs 115-125 per share.

Funds from the issue will be used to set up an amusement park in Hyderabad, the company's third after Bangalore and Kochi, and for general corporate purposes.

Wonderla is promoted by Arun Kochouseph Chittilappilly and Kochouseph Chittilappilly, who founded V-Guard Industries.

The promoters hold a 95.48 per cent stake in the company and the remaining 4.52 per cent is with employees of the firm and group companies.

Wonderla commissioned its first amusement park in Kochi in 2000 and the second in Bangalore in 2005.

EDITORIAL OF THE DAY

  • Right to reveal

    Delhi is India’s first state to announce a scheme for witness protection. But what about the witnesses in other states?

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

New masters of the Financial Times

A few days ago, Japan’s leading financial daily Nihon Keizai ...

Anuja Sharma

Focus mindfully to get the result

Have you ever tried to light a fire using the ...

Gautam Gupta

Our fashion schools need to notch it up

“Creativity is the key to success and primary education is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture