Wonderla Holidays witnessed a sharp rise in its stock price, surging nearly 15% on Wednesday, following the opening of its qualified institutional placement (QIP). The company’s recent fundraising plans have garnered strong investor interest, pushing its stock to a multi-month high.
As per its exchange filing, Wonderla Holidays Ltd. has set the QIP floor price at ₹829.74 per equity share. The company aims to raise through various funding methods, including QIP, preferential issues, or private placements, subject to shareholder approval. A special resolution for the same was passed on November 9.
The scrip soared to ₹947.40 apiece during early trade, marking its highest level since July 2024. This strong performance significantly outpaced the 0.22% gain in the NSE Nifty 50 Index. On a year-to-date basis, the stock has now risen by 7.53%. As of 14:26 PM, The stock of Wonderla Holidays trades at ₹911.60 per share. The stock has a 52-week high and 52-week low of ₹1,105.90 per share and ₹770.05 per share respectively.
Wonderla is India’s largest amusement park chain, owned and operated by Wonderla Holidays Limited, which is headquartered near Bidadi, approximately 28 kilometres from Bengaluru, Karnataka. The company operates four amusement parks across India, located in Kochi, Bangalore, Hyderabad, and Bhubaneswar.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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