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

  • India’s political space acts as a safety valve for maverick politicians and frustrated electorate

    While it is easy to be cynical about Indian democracy and its ways, the fact is that the vast political space that the system provides for in this cou

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

Taslima Nasreen

Bangladesh no country for atheists

It’s a matter of pride to be a freethinker, atheist ...

Purnendu Ghosh

Silence makes you aware of yourself

Often, we don’t feel the necessity of making contact with ...

Shona Adhikari

Artistic focus on women's empowerment

The focus on the girl child remains an important one ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture