Adlabs Entertainment allots 27.22 lakh Equity Shares to 5 Anchor Investors

India Infoline News Service | Mumbai | March 10, 2015 09:06 IST

Adlabs Entertainment Limited (the “Company” or the “Issuer”) has finalised allocation of 27,22,135 Equity Shares to Anchor Investors Daiwa India Stock Active Mother Fund, HDTC Infrastructure Fund, Axis Mutual Fund, L&T Mutual Fund and IL&FS Trust Co (Forefront Alternative Equity Scheme) at Rs. 221 per Equity Share aggregating to Rs. 60.16 crore.

Adlabs Entertainment Limited (the “Company” or the “Issuer”) has finalised allocation of 27,22,135 Equity Shares to Anchor Investors Daiwa India Stock Active Mother Fund, HDTC Infrastructure Fund, Axis Mutual Fund, L&T Mutual Fund and IL&FS Trust Co (Forefront Alternative Equity Scheme) at Rs. 221 per Equity Share aggregating to Rs. 60.16 crore.
The Company allocated 521,495 Equity Shares (19.16% of Anchor portion) to Japan Trustee Services Bank Ltd. A/C Japan Trustee Services Bank Ltd. STB Daiwa India Stock Active Mother Fund; 434,850 Equity Shares (15.97% of Anchor) to HDFC Trustee Company Limited - HDFC Infrastructure Fund; 217,425 Equity Shares (7.99% of Anchor)to Axis Mutual Fund Trustee Ltd.-A/C Axis Mutual Fund A/C Axis Midcap Fund; 217,360 Equity Shares (7.98% of Anchor)to Axis Mutual Fund Trustee Ltd.-A/C Axis Mutual Fund A/C Axis Smallcap Fund; 452,530 Equity Shares (16.62% of Anchor)to L&T Mutual Fund Trustee Ltd - L&T Equity Fund; 226,265 Equity Shares (8.31% of Anchor)to L&T Mutual Fund Trustee Ltd - L&T India Special Situations Fund; 652,210 Equity Shares(23.96% of Anchor)to IL&FS Trust Company Limited - Forefront Alternative Investment Trust - Forefront Alternative Equity Scheme.

The Company proposes to open on March 10, 2015, a public issue of up to 20,326,227 equity shares of face value of Rs. 10 each (“Equity Shares”) including a share premium per Equity Share (the “Issue”). The Price Band is fixed from Rs. 221 to Rs. 230 per Equity Share. The promoters are Mr.Manmohan Shetty and Thrill Park Limited. The Issue comprises a fresh issue of 18,326,227 Equity Shares (the “Fresh Issue”) and an Offer for Sale of 2,000,000 Equity Shares (“Offer For Sale”) by Thrill Park Limited (the “Selling Shareholder”). The Bid/ Issue closes on March 12, 2015. The minimum Bid lot is 65 Equity Shares and in multiples of 65 Equity Shares thereafter. The Issue constitutes 25.44% of the Post-Issue paid-up Equity Share Capital of the Company. The Company in consultation with the Global Co-ordinators and Lead Managers (“GCLMs”), offers a discount of Rs. 12 on the Issue Price (per Equity Share) to Retail Individual bidders (“Retail Discount”).

 

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