The IPO of Adlabs Entertainment
has been extended by 3 days to March 17, according to a report.
Report said that the Price Band for the IPO has been reduced
to Rs.180-215/Sh from Rs.221-230/Share.
The promoters are 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 Issue is being made through the Book Building Process wherein at least 75% of the Issue shall be allotted on a proportionate basis to Qualified Institutional Buyers (“QIBs”), provided that the Company and the Selling Shareholder may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis. Anchor investors shall bid on Anchor Investor Bidding Date (March 9, 2015).
Further, not more than 15% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not more than 10% of the Issue shall be available for allocation to Retail Individual Bidders in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 (the “SEBI ICDR Regulations”), subject to valid Bids being received at or above the Issue Price.
The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on BSE and NSE.The Global Co-ordinators & Lead Managers (“GCLMs”) to the Issue are Deutsche Equities India Private Limited, Centrum Capital Limited & Kotak Mahindra Capital Company Limited.