MARKET OUTLOOK 21-04-2014

Posted By : Kishore B.S

Expect market to open on a flat note on account of global cuesIssue SGX Nifty up by 5 points.

About Wonderla holidays IPO

The Issue opens  21-Apr-14 and Issue closes on 23-Apr-14, Issue price band is between 115 – 125   The No. of shares on offer (crore)   1.45, Issue size (crore)     167 – 181

The allocation for QIB Stands at  50%, Non-institutional at 15% and Retail at  35%

Post Issue Details

Mcap @ 125           706

P/E FY14E           18.6

P/E FY15E            17.2

Shareholding pattern

Promoters                 70.8%

Others                        3.4%

Public + Institutions  25.8%

Introduction to Wonderla

Wonderla Holidays Ltd (Wonderla) is one of the leading amusement park operators in India. The company has been promoted by the promoter of V-Guard Industries, where we have a positive view. The company commissioned its first amusement park in Kochi in 2000 and the second in Bengaluru in 2005. Wonderla also
started a resort at its Bengaluru amusement park in March 2012. As part of the expansion plan, the company is planning to open one more park at Hyderabad, which is the objective of this IPO.

Cheers  !!

Team SMI

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