Adlabs Entertainment poised for market debut on Monday

Come Monday, theme park operator Adlabs Entertainment, which recently concluded its initial public offer (IPO), will make its debut on the stock market.
"Trading members of the exchange are hereby informed that effective Monday, April 6, 2015, the equity shares of Adlabs Entertainment Limited shall be listed and admitted to dealings on the exchange," according to a notice dated March 31 on the BSE.
The company's IPO, which was off the ground last month, was subscribed 1.11 times, helping it mop up an estimated Rs 376 crore.
The funds raised include Rs 60 crore from anchor investors.
Adlabs offer price was lowered to Rs 180-215 from Rs 221-230 per share while the closure date was extended by three days amid tepid response from institutional investors.

The issue had opened on March 10.

The issue price for the public issue is Rs 180 per share.
Adlabs Entertainment is promoted by Manmohan Shetty and Thrill Park.
Besides, Adlabs' two firms - Inox Wind and Ortel Communications - had come out with their public issues last month.
Market participants expect a surge in IPO activity this year as many firms that have already received Sebi approval may roll out public offers in coming months.