Adlabs Entertainment Ltd., which owns and operates Imagica, a theme park located at Khapoli, between Mumbai and Pune, is entering the capital market on March 10, 2015, through the book-building route to raise funds mainly to retire part of its debt. The company on Monday announced to come out with an initial public issue of 2.03 crore equity shares of face value of Rs.10 each. The price band has been fixed at Rs.221-Rs.230 per share. The issue comprises a fresh issue of 1.83 crore shares and offer for sale of 20 lakh shares by Thrill Park Ltd. Retail investors have been offered a discount of Rs.12 per share.
The issue will close on March 12, 2015. Imagica opened since April 2013, is a part of Adlabs Mumbai which also includes water park Aquamagica and a hotel which will open this year.