Adlabs Entertainment IPO is going to be open for subscription wef 10 Mar 15 and will be valid till 12 mar 15. Their theme park exists between Mumbai and Pune and have water park included in it.
Have a look at below screenshot which lets you know all about this IPO. Remember to check the Latest IPO update here.
Shall we Buy this IPO?
We will give this IPO a miss as this is highly priced and in its comparison Wonderla was a reasonably priced IPO in entertainment park segment. They are looking to expand in Hyderabad and is promoted by Manmohan Shetty.
Better to wait and buy as per the sentiment of the market post listing. As per the fundamentals the Adlabs Entertainment is over laden with debt. However since euphoria is high it may get you returns in post IPO opening which is not sure as fundamentally stock lacks any substance except a fact that its tickets are high priced at Rs 1900 per adult.
Remember to check our daily one sure tip and start making money like professionals or if you just want to layback in life and let time work for you then consider going for short term stocks and enjoy the fruits of careful selected stocks in short term or medium term or long term as per your risk profile.