Wonderla Holidays is planning to launch an initial public offer to part fund its expansion plans. The IPO is likely to be launched in 2013.
The company plans to raise around Rs 200 crore through the IPO. Through the IPO, the promoters propose to divest 25 per cent equity. The proceeds will be utilised towards part financing the company's new amusement park being set up in Hyderabad at an estimated cost of Rs 230 crore. The company has acquired 50 acre near the Hyderabad airport. Work on the project is expected to commence soon with completion slated for September 2014.
Meanwhile, the company has chalked out plans for another major project in Kerala estimated to cost around Rs 780 crore. The project will include an infotainment-cum-science park, a business and leisure zone, and an education-cum-residential zone.