WONDERLA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Wonderla Holidays has submitted the quarterly monitoring agency report from CARE Ratings for the quarter ended March 31, 2025, covering the use of Rs. 540 crore raised through a Qualified Institutions Placement (QIP) in December 2024. Of the Rs. 525 crore allocated across specific purposes, the company has utilised Rs. 136.81 crore so far, including Rs. 75 crore for the new Wonderla Chennai park, Rs. 22.81 crore for Glamping Pods at Bengaluru, and Rs. 39 crore towards general corporate purposes. The remaining Rs. 388.19 crore is parked in fixed deposits with ICICI Bank earning 3.50% to 7.25% interest. CARE Ratings confirmed there is no material deviation from the stated objects, with minor shortfalls (under 10%) in Chennai park and Glamping Pods spending, which the company plans to complete by Q1FY26. Major capex items like resort refurbishment and the new roller coaster at Bengaluru have not yet started and are targeted for completion by March 2026.
Reassuring update for shareholders as QIP funds are being deployed as planned with no material diversions. The bulk of capex is still ahead and should support future revenue growth from the Chennai park and new Bengaluru attractions, though investors may note a sizeable Rs. 388 crore is currently idle in fixed deposits rather than earning equity-like returns.