Mumbai: Wonderla Holidays Limited (the “Company” or the “Issuer”) proposes an initial public offering of 14,500,000 equity shares of Rs. 10 each (“Equity Shares”) for cash at a price to be determined through the book-building process (the “Issue”) in accordance with the Securities and Exchange 
Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the “SEBI Regulations”). The Issue will open on April 21, 2014.The Price Band has been fixed between Rs. 115 and Rs. 125 per Equity Share. The minimal Bid Lot is 100 Equity Shares and in multiples of 100 Equity Shares thereafter. The Bid/ Issue closes on April 23, 2014. Anchor book opens one Working Day prior to the Bid/Issue Opening Date i.e. April 17, 2014.
The Issue would constitute 25.66% of the fully diluted post Issue paid up equity share capital of the Company. The Issue has been graded by CRISIL Limited as CRISIL IPO Grade 4/5, indicating that the fundamentals of the Issue are above average relative to other listed equity securities in India. The Equity Shares offered and issued through the Red Herring Prospectus are proposed to be listed on the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”).
The Issue is being made in accordance with Regulation 26(1) of the SEBI Regulations, through the Book Building Process wherein 50.00% of the Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIB”) (“QIB Portion”), provided that up to 30.00% of the QIB Portion may be available for allocation to Anchor Investors on a discretionary basis (“Anchor Investor Portion”), out of which one-third shall be reserved for domestic Mutual Funds only, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Issue Price, in accordance with the SEBI Regulations. In the event of under-subscription in the Anchor Investor Portion, the remaining Equity Shares shall be added to the QIB Portion. 5.00% of the QIB Portion (excluding 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, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not less than 15.00% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35.00% of the Issue shall be available for allocation to Retail Individual Bidders in accordance with SEBI Regulations, subject to valid Bids being received at or above the Issue Price. QIBs (other than Anchor Investors) and Non-Institutional Bidders shall mandatorily participate in the Issue through the Application Supported by Blocked Amount (“ASBA”) process providing details of the bank account which will be blocked by the SCSBs to the extent of the Bid Amount for the same. Retail Individual Bidders may also participate in the Issue through the ASBA process.
Source: Sachin Murdeshwar