Wednesday, February 25, 2015

Adlabs Entertainment IPO to open on Mar 10th

Adlabs Entertainment Ltd is entering in the capital markets with an initial public offering, IPO of 20,326,227 Equity Shares of Rs 10 each. The price band for the issue has not been fixed yet.

Incorporated in 2013, Adlabs Entertainment Limited is mainly engaged in the business of theme park and entertainment industry. AEL own and operates Adlabs Imagica which is India's first and only international standard theme park. It offers entertainment, dining, shopping and accommodation under one roof. The Rs 1,650-crore theme park spread over 300 acres opened in April 2013. It can accommodate as many as 20,000 visitors.

The issue opens on Mar 10, 2015 and closes for subscription on Mar 12, 2015. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).