WONDERLA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CARE Ratings, as Monitoring Agency, has confirmed that Wonderla Holidays has used its Rs. 540 crore QIP proceeds (raised in December 2024) in line with the stated objects, with no deviation reported. As of June 30, 2025, the company has utilized Rs. 278 crore in total — Rs. 137 crore during FY25 and Rs. 126 crore in Q1FY26 — leaving Rs. 262 crore unutilized, parked in fixed deposits with ICICI Bank. The largest project, the Wonderla Chennai Park (Rs. 390 crore planned), has seen Rs. 158.24 crore spent so far, with management confirming approvals are in place and work is progressing as planned. Other objects like Glamping Pods expansion and General Corporate Purpose funds (Rs. 78 crore) have been fully deployed, while the roller coaster ride at Bengaluru (Rs. 16 crore) has not yet started.
This is a routine compliance filing showing disciplined use of QIP funds with no red flags. Shareholders can take comfort that proceeds are being deployed as promised, the Chennai park project is on track, and unutilized funds are safely parked in bank FDs earning 4-7.25% interest rather than being misused.