Wonderla Holidays Ltd - To Buy or Not

WONDERLA chart by TradingView

Highlights of the Company 

Wonderla Holidays Limited was incorporated in 2002. Company own and operate two amusement parks under the brand name ‘Wonderla’, situated at Kochi and Bangalore and are in the process of setting up third amusement park in Ranga Reddy District of Andhra Pradesh, Wonderla Hyderabad. Company amusement parks offer a wide range of water and land based attractions catering to all age groups. Company has won several awards and accolades like IAAPI excellence award for the highest number and variety of innovative rides and the IAAPI excellence award for innovative promotional activity.

Company have also won the Kerala state tourism award for best tourism destination for the year 2010-11 and the Confederation of Indian Industry excellence award in the areas of environment, health and safety for the year 2010 Company has been certified by Bureau Veritas Certification (India) Private Limited for meeting the BS OHSAS 18001: 2007 safety standards and ISO 14001: 2004 environment protection standards.

Company Name	Wonderla Holidays Limited
Issue Period	April 21-April 23, 2014
Price Band	Rs 115 – Rs 125 per equity share
Lot Size	100 shares & in multiple of 100 shares thereafter
Issue Size	INR 181.25 crs (at INR 125 per share)
Face Value	Rs. 10 each.
IPO Grade	Grade 4 / 5 by CRISIL
Listing	To be listed on NSE & BSE
Who Can Invest	Resident Indian individuals, HUF, Companies, corporate bodies, scientific institutions, societies and trusts, NRIs, FIIs

Wonderla Company Profile

• Net Profits after tax: INR 3,348.08 lakhs in Fiscal 2013.
• Total Income: INR 13,917.43 lakhs for the fiscal 2013.
• Net worth: INR 12,144.79 lakhs as at 31st March 2013. 

Verdict : To Buy or Skip Wonderla IPO

All those with spare cash and can hold for few years can go for the IPO as company has been growing at the rate of 9% and company expansion in Hyderabad will accrue good returns over a with a minimum investment horizon of 1-2 years.