Adlabs Entertainment IPO
Adlabs Entertainment IPO — date, price band, lot size & details 2015
Adlabs Entertainment listed on 6 Apr 2015 at ₹162.2, 9.9% below the ₹180 issue price.
Adlabs Entertainment owns and runs Adlabs Imagica, India's first international standard theme park, near Mumbai. It made losses in the years before the IPO.
Stock price
Adlabs Entertainment is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 10 Mar 2015
- Close 17 Mar 2015
- Allotment 26 Mar 2015
- Refund/credit TBA
- Listing 06 Apr 2015
Issue summary
The terms of the offer, as filed.
| IPO Dates | 10 to 17 Mar, 2015 |
|---|---|
| Price Band | ₹180 – ₹215 |
| Face Value | ₹10 |
| Lot Size | 65 Shares |
| Issue Size | ₹374.59 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 11,700 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 65 shares at the ₹180 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 65 | ₹11,700 |
| Retail (max) | 17 | 1,105 | ₹1,98,900 |
| S-HNI (min) | 18 | 1,170 | ₹2,10,600 |
| S-HNI (max) | 85 | 5,525 | ₹9,94,500 |
| B-HNI (min) | 86 | 5,590 | ₹10,06,200 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It owns Adlabs Imagica, India's first international standard theme park, which opened in April 2013.
- 02Total income rose from Rs 3.56 crore in FY2013 to Rs 106.92 crore in FY2014 after the park opened.
- 03Rs 270.00 crore of the issue was for repaying its consortium loan.
- 04The park spans 300 acres and can take up to 20,000 visitors.
Risks · 5
- 01It made a loss of Rs 52.48 crore in FY2014 and Rs 53.52 crore in the six months to 30 September 2014.
- 02Total borrowing was Rs 1,256.41 crore on 30 September 2014, nearly five times its net worth.
- 03It depends on a single park built at a cost of Rs 1,650 crore, so visitor numbers there drive the whole business.
- 04The issue was priced at Rs 180, the bottom of its price band.
- 05Promoter holding fell from 77.01% before the issue to 56.84% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Adlabs Entertainment offer document.
| Metric | 30 Sep 2014 | 31 Mar 2014 | 31 Mar 2013 | 31 Mar 2012 |
|---|---|---|---|---|
| Assets | 1,589.04 | 1,500.24 | 1,154.20 | 467.48 |
| Total Income | 73.33 | 106.92 | 3.56 | |
| Profit After Tax | -53.52 | -52.48 | -1.76 | -0.66 |
| NET Worth | 260.03 | 313.55 | 309.03 | 250.33 |
| Reserves and Surplus | 211.56 | 265.08 | 263.16 | 208.41 |
| Total Borrowing | 1,256.41 | 1,140.04 | 788.10 | - |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Adlabs Entertainment RHP.
Where the money goes
₹357.34 Cr of the issue is earmarked to named objects.
About the company
It owns and operates Adlabs Imagica, India's first international standard theme park, offering entertainment, dining, shopping and accommodation in one place.
The Rs 1,650 crore theme park is spread over 300 acres, opened in April 2013 and can accommodate up to 20,000 visitors.
The IPO was Rs 374.59 crore, with Rs 337.74 crore of fresh issue and Rs 36.86 crore of offer for sale by Thrill Park, at Rs 180, the bottom of the Rs 180 to Rs 215 band. Most of the fresh money was for repaying its consortium loan.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Adlabs Entertainment IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Centrum Capital Ltd.
27 issues handledBest listing: Nandan Exim (+140.0%). Weakest: Prime Focus (-22.8%).
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
Deutsche Equities India Pvt. Ltd
14 issues handledBest listing: Reliance Petroleum (+66.6%). Weakest: Sterling & Wilson Solar (-9.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Adlabs Entertainment?
The current Grey Market Premium is ₹0.
What is the Adlabs Entertainment IPO price band?
₹180 to ₹215, on a face value of ₹10.
When is the allotment?
The basis of allotment is 26 March 2015, with listing on 6 April 2015.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
