Adlabs Entertainment IPO over-subscribed

Image
Press Trust of India Mumbai
Last Updated : Mar 17 2015 | 5:22 PM IST
The initial public offering of theme park operator Adlabs Entertainment was over-subscribed on the last day of the issue today.
The issue for sale of 1,76,04,092 shares, received bids for 1,88,03,460 shares, or 1.07 times till 1600 hrs, as per data available with the National Stock Exchange today.
On Thursday, the IPO's price was lowered to Rs 180-215 from Rs 221-230 per share while the closure date was extended till today, amid tepid response from institutional investors.
The issue had opened on March 10.
Including the anchor investor portion, the IPO is for up to 20,326,227 equity shares. This includes a fresh issue of 18,326,227 equity shares and an offer for sale of 20 lakh shares by promoter entity Thrill Park Limited.
Adlabs Entertainment is promoted by Manmohan Shetty and Thrill Park.
Deutsche Equities India Private Limited, Centrum Capital Ltd and Kotak Mahindra Capital Company Ltd are the book running lead manager to the issue.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 17 2015 | 5:22 PM IST

Next Story