Manmohan Shetty, CMD, Adlabs Entertainment has more than three decades of experience in the media and entertainment business.He is responsible for company's business operations.
Adlabs Entertainment owns and operates, Imagica – The Theme Park, which is one of the leading theme parks in India. The theme park features a diverse variety of rides and attractions of international standards, food and beverages (“F&B”) outlets and retail and merchandise shops, designed to appeal to a broad demography of the Indian populace, delivering memorable experiences, with a strong value proposition. He was also the former Chairman of the National Film Development Corporation set up by the Government of India.
Imagica – The Theme Park is a part of Adlabs Mumbai, a ‘one-stop’ entertainment destination that the Company offers at this location. Adlabs Mumbai, spread over an aggregate area of approximately 132 acres, is located at Khalapur, which is 74 kilometres from Mumbai, off the Mumbai – Pune Expressway. Until December 31, 2014, over 1.56 million guests have visited Imagica and Aquamagica.
Yash Ved of
IIFL provides you the highlights of a media interaction, where Manmohan Shetty says “The Company in consultation with the Global Co-ordinators and Lead Managers, is offering a discount of Rs. 12 on the Issue Price (per Equity Share) to Retail Individual bidders.”
Brief us about your IPO plans?
Adlabs Entertainment Limited proposes to open on March 10, 2015, a public issue of up to 20,326,227 equity shares of face value of Rs. 10 eachincluding a share premium per Equity Share (the “Issue”). The Price Band is fixed from Rs. 221 to Rs. 230 per Equity Share.
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.
What is in it for retail investors?
The Company in consultation with the Global Co-ordinators and Lead Managers, is offering a discount of Rs. 12 on the Issue Price (per Equity Share) to Retail Individual bidders.
When is Novotel Imagica hotel expected to commence operation?
The first phase of the Novotel Imagica Khopoli (managed by Accor Group) is expected to be completed by March 2015.
What are the objects of the issue?
The company is planning to raise money to part repay its outstanding debt.
What is your current employee strength?
Our employee strength stands at 1500 and we plan to hire 500 more by end of this year.
What is your current debt?
Our current debt stood at Rs. 1100 crore.
What will be your promoter holding post IPO?
Post IPO, the promoter holding would be 57%.
Brief us about your Financials?
For the Financial Year ended March 31, 2014, our total income was Rs. Rs1069.18 mn, while our loss after tax was Rs. 524.82mn, respectively.
