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Motilal Oswal: Subscribe to Wonderla Holidays IPO
We would recommend to apply in the IPO in the retail category. Small issue size could see significant oversubscription. Post issue performance will be subject to overall market conditions. An ideal issue for LT investors as we expect stock to double over next 4 years.
Wonderla Holidays Limited allots 2.175 mn Equity Shares to 3 Anchor Investors @ Rs. 125 per equity share aggregating to Rs. 271.87 mn (Rs. 27.19 crore)
Wonderla Holidays Limited (the “Company”) has finalized the allocation of 2,175,000 Equity Shares (15% of the total Offer of 14500000 Equity Shares) to 3 Anchor investors at Rs. 125 per equity share (upper end of the price band) aggregating to Rs. 271.875 mn (Rs. 27.19 crores). The Anchor Investors’ list includes HDFC Trustee Company Limited (HDFC Mutual Fund), Aditya Birla Private Equity Trust & TVS Shriram Growth Fund (TVS Capital).