AEL allots 27.22 lakh Equity Shares to IPO anchor investors Daiwa India Stock Active Mother Fund, HDFC Infrastructure Fund, Axis Mutual Fund, L&T Mutual Fund and IL&FS Trust Co (Forefront Alternative Equity Scheme) at Rs. 221 per Equity Share aggregating to Rs. 60 crore
Public Issue
opens March 10, 2015
Price Band fixed
from Rs. 221 to Rs. 230 per Equity Share
Discount of Rs.
12 on Issue Price (per Equity Share) to all eligible Retail Individual Bidders
Mumbai,
March 10, 2015:
Adlabs Entertainment Limited (the “Company” or the
“Issuer”) has finalised allocation of 27,22,135 Equity Shares to Anchor
Investors Daiwa India Stock Active Mother Fund, HDTC Infrastructure Fund, Axis
Mutual Fund, L&T Mutual Fund and IL&FS Trust Co (Forefront Alternative
Equity Scheme) at Rs. 221 per Equity Share aggregating to Rs. 60.16 crore.
The Company allocated 521,495
Equity Shares (19.16% of Anchor portion) to Japan Trustee Services Bank Ltd.
A/C Japan Trustee Services Bank Ltd. STB Daiwa India Stock Active Mother Fund;
434,850 Equity Shares (15.97% of Anchor) to HDFC Trustee Company Limited - HDFC
Infrastructure Fund; 217,425 Equity Shares (7.99% of Anchor)to Axis Mutual Fund
Trustee Ltd.-A/C Axis Mutual Fund A/C Axis Midcap Fund; 217,360 Equity Shares
(7.98% of Anchor)to Axis Mutual Fund Trustee Ltd.-A/C Axis Mutual Fund A/C Axis
Smallcap Fund; 452,530 Equity Shares (16.62% of Anchor)to L&T Mutual Fund
Trustee Ltd - L&T Equity Fund; 226,265 Equity Shares (8.31% of Anchor)to
L&T Mutual Fund Trustee Ltd - L&T India Special Situations Fund;
652,210 Equity Shares (23.96% of Anchor)to IL&FS Trust Company Limited -
Forefront Alternative Investment Trust - Forefront Alternative Equity Scheme.
The Company proposes to open on
March 10, 2015, a public issue of up to 20,326,227 equity shares of face value
of Rs. 10 each (“Equity Shares”) including a share premium per Equity Share
(the “Issue”). The Price Band is fixed from Rs. 221 to Rs. 230 per Equity
Share. The promoters are Mr. Manmohan Shetty and Thrill Park Limited. The Issue
comprises a fresh issue of 18,326,227 Equity Shares (the “Fresh Issue”) and an
Offer for Sale of 2,000,000 Equity Shares (“Offer For Sale”) by Thrill Park
Limited (the “Selling Shareholder”). The Bid/ Issue closes on March 12, 2015. The
minimum Bid lot is 65 Equity Shares and in multiples of 65 Equity Shares
thereafter. The Issue constitutes 25.44% of the Post-Issue paid-up Equity Share
Capital of the Company. The Company in consultation with the Global
Co-ordinators and Lead Managers (“GCLMs”), offers a discount of Rs. 12 on the
Issue Price (per Equity Share) to Retail Individual bidders (“Retail
Discount”).
The Issue is being made through
the Book Building Process wherein at least 75% of the Issue shall be allotted
on a proportionate basis to Qualified Institutional Buyers (“QIBs”), provided
that the Company and the Selling Shareholder may allocate up to 60% of the QIB
Portion to Anchor Investors on a discretionary basis. Anchor investors shall
bid on Anchor Investor Bidding Date (March 9, 2015). Further, not more than 15%
of the Issue shall be available for allocation on a proportionate basis to
Non-Institutional Bidders and not more than 10% of the Issue shall be available
for allocation to Retail Individual Bidders in accordance with the Securities
and Exchange Board of India (Issue of Capital and Disclosure Requirements)
Regulations, 2009 (the “SEBI ICDR Regulations”), subject to valid Bids being
received at or above the Issue Price.
The Equity Shares offered through
this Red Herring Prospectus are proposed to be listed on BSE and NSE.
The Global Co-ordinators &
Lead Managers (“GCLMs”) to the Issue are Deutsche Equities India Private
Limited, Centrum Capital Limited & Kotak Mahindra Capital Company Limited.
Also, 5% of the QIB Portion
(excluding the Anchor Investor Portion) shall be available for allocation on a
proportionate basis to Mutual Funds only, and the remainder of the QIB Portion
shall be available for allocation on a proportionate basis to all QIB Bidders
(other than Anchor Investors), including Mutual Funds, subject to valid Bids
being received at or above the Issue Price. If at least 75% of the Issue cannot
be allotted to QIBs, then the entire application money shall be refunded
forthwith. All potential investors, other than Anchor Investors, may
participate in this Issue through an Application Supported by Blocked Amount
(“ASBA”) process providing details of their respective bank accounts which will
be blocked by the Self Certified Syndicate Banks (“SCSBs”). QIBs (except Anchor
Investors) and Non-Institutional Bidders are mandatorily required to utilise
the ASBA process to participate in this Issue.
The Company owns and operates,
Imagica – The Theme Park, which is one of the leading theme parks in India. The
theme park features a diverse variety of rides and attractions of international
standards, food and beverages (“F&B”) outlets and retail and merchandise
shops, designed to appeal to a broad demography of the Indian populace,
delivering memorable experiences, with a strong value proposition. Imagica –
The Theme Park is a part of Adlabs Mumbai, a ‘one-stop’ entertainment
destination that the Company offers at this location. Adlabs Mumbai also
includes Aquamagica, a water park, which became fully operational on October 1,
2014; and a family hotel, Novotel Imagica Khopoli (managed by Accor Group), the
first phase of which is expected to be completed by March 2015. Adlabs Mumbai,
spread over an aggregate area of approximately 132 acres, is located at Khalapur,
which is 74 kilometres from Mumbai, off the Mumbai – Pune Expressway. Until
December 31, 2014, over 1.56 million guests have visited Imagica and
Aquamagica. With addition of the water park, the soon-to-be-launched hotel and
the snow park, the Company believes it will be able to enhance guest experience
at Adlabs Mumbai and position Adlabs Mumbai as a wholesome entertainment
destination.
Disclaimer: Adlabs
Entertainment Limited is proposing, subject to receipt of requisite approvals,
market conditions and other considerations, to make an initial public offer of
its equity shares and has filed the RHP with the Registrar of Companies,
Mumbai. The RHP is available on the website of the Securities and Exchange
Board of India at www.sebi.gov.in as well as
on the websites of the Global Co-ordinators and Lead Managers at https://www.db.com/india/en/content/7272.html;
http://www.centrum.co.in/centrum_capital/ipo_agree.php
and http://investmentbank.kotak.com,
respectively. Investors should note that investment in equity shares involves a
high degree of risk and for details relating to the same, see the section
titled “Risk Factors” of the aforementioned offer document. This press release/
advertisement is not for publication or distribution to persons in the United
States, and is not an offer for sale within the United States of any equity
shares or any other security of the Company. Securities of the Company,
including its equity shares, may not be offered or sold in the United States
absent registration under U.S. securities laws or unless exempt from
registration under such laws.
Comments
Post a Comment