Wonderla Holidays makes debut on NSE; scrip surges over 30%

Posted By: Religare
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Wonderla Holidays makes debut on NSE; scrip surges over 30%
Wonderla Holidays: Quotes, News
BSE 352.85BSE Quote1.45 (0.41%)
NSE 354.50NSE Quote3.6 (1.02%)
Shares of amusement park operator Wonderla Holidays rallied over 6 per cent in early trade on Bombay Stock Exchange (BSE) on debut on overwhelming response from investors.

The scrip was listed at Rs 160, a 28 per cent premium against its issue price of Rs 125 per share, and are admitted to dealings on the Exchange in the list of 'T' Group Securities.

The 1.45 crore initial public offer of Wonderla Holidays has received overwhelming response from investors, subscribing 37.80 times on Wednesday, as per data available on the exchange website. The company intends to use net proceeds from the issue for setting up an amusement park Wonderla in Hyderabad and general corporate purposes.

Riding high on investors response, shares of company gained as much as 6.25 per cent to trade at Rs 170.00 a piece on BSE.

Meanwhile, the broader benchmark Sensex was quoting at 22,587.01, up 242.97 points or 1.09 per cent at 11.15 hours.

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