Transaction Details

Imagicaaworld Entertainment Limited announced that its Board has approved the allotment of 2,34,82,500 fully paid-up equity shares of face value of Rs. 10 each, at an issue price of Rs. 73.50 per equity share. This allotment is pursuant to the conversion of convertible warrants originally allotted on a preferential basis in March 2025.

Funding Received

The Company had allotted 2,34,82,500 convertible warrants at an issue price of Rs. 73.50 per warrant to the promoter and identified non-promoter investors, with 25% of the consideration received upfront at the time of allotment. The Company has now received the balance 75% subscription amount of Rs. 129.45 crore, resulting in full conversion of the warrants, with no warrants remaining outstanding.

Ownership Structure

The promoter group continues to maintain a shareholding of nearly 75% in the Company, reaffirming its strong confidence in Imagicaaworld's long-term vision and growth prospects.

Fund Utilization

The funds will be utilised towards meeting the Company's existing capital commitments and supporting its growth initiatives across the parks portfolio, including:

  • Expansion into new geographies
  • Addition of new attractions and experiences
  • Scaling up its indoor entertainment business

Management Commentary

Jai Malpani, Managing Director:

  • "The full conversion of the warrants is a strong reflection of the confidence that promoter group and investors have in Imagicaaworld's long-term growth journey"
  • "With the receipt of the balance amount, we have further strengthened our financial position"
  • "We remain committed to deploying this capital towards initiatives that can strengthen our portfolio and create sustainable long-term value for all stakeholders"

Dhimant Bakshi, Chief Executive Officer:

  • "The additional capital provides us with greater flexibility as well as firepower to execute our growth plans and fulfil our existing capital commitments"
  • "We see significant opportunities to deepen the scale and engagement of our existing parks through new attractions and experiences, while expanding our footprint into new geographies"
  • "Indoor entertainment represents an important new growth avenue for Imagicaaworld, offering the opportunity to build a scalable presence across key urban markets"
  • "We will remain focused on executing these initiatives effectively while continuing to deliver compelling experiences for our guests"

Business Context

Imagicaaworld Entertainment Limited owns and operates India's leading theme and water parks, including Imagicaa, Wet'n Joy, Sai Teerth, and Aqua Imagicaa at various locations. The company offers a wide range of experiences from thrilling rides and water slides to spiritual attractions.