Wonderla Holidays, which runs two amusement parks in Kerala and Bangalore, plans to hit the primary market soon with a Rs 200 crore Initial Public Offering (IPO). The company, promoted by Kochi-based electrical goods maker V-Guard Group, hopes to open the IPO within a few weeks.
The company is expecting the final go-ahead from the markets watchdog Securities and Exchange Board of India (SEBI) soon. Edelweiss Financial Services and ICICI Securities are the book-running lead managers to the issue.
The promoters of the Bangalore-headquartered Wonderla Holidays hold over 95 per cent in the company, with the employees holding under 5% through Esops. The company plans to divest a tad over 25 per cent promoters’ stake through the IPO.
Wonderla Holidays currently owns and operates two amusement parks in Kochi and Bangalore. It opened the Kochi park in 2002 and also operates a resort besides the amusement park in Bangalore under brand name Wonderla Resort.
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