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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • India’s festivals teach us to share our wealth and joy

    India is an aporia in its own true sense.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture