IMAGICAAWORLD ENT Share price

The Company was incorporated as Adlabs Entertainment Private Limited on February 10 2010 at Mumbai as a private limited company under the Companies Act 1956 upon conversion of M/s. Dream Park (Dream Park) a partnership firm. Dream Park was a partnership firm formed under the provisions of Indian Partnership Act 1932 through a partnership deed dated May 18 2009 with registration number BA-10153 with our Promoters among others as partners. Subsequently the partners of Dream Park mutually agreed and transferred their interests by way of a resolution dated December 31 2009 to convert into private company limited by shares having share capital of Rs. 1 million divided into 100000 Equity Shares. Further The Company was converted into a public limited company and consequently the name of The Company was changed to Adlabs Entertainment Limited. A fresh certificate of incorporation pursuant to the change of name was issued by the RoC on April 27 2010.The Company has 40 members as of the date of filing of this Red Herring Prospectus.The Company has undertaken Pre-IPO Placement post the filing of the DRHP wherein on October 10 2014 the Company allotted (i) 95 Equity Shares and 474978 compulsorily convertible debentures of face value Rs. 1000 each to NYLIM Jacob Ballas India Holdings IV; and (ii) 5 Equity Shares and 24999 compulsorily convertible debentures of face value Rs. 1000 each to Jacob Ballas Capital India Private Limited for an aggregate amount of Rs.500.00 million. This investment was made pursuant to the investment agreement dated October 8 2014 entered into among the Company Promoters NYLIM Jacob Ballas India Holdings IV and Jacob Ballas Capital India Private Limited. On January 30 2015 the 474978 compulsorily convertible debentures issued to NYLIM Jacob Ballas India Holdings IV were converted into 2539989 Equity Shares and the 24999 compulsorily convertible debentures issued to Jacob Ballas Capital India Private Limited were converted into 133684 Equity Shares.Main Objects of the CompanyTo carry on the business of conceptualizing developing planning setting up owning managing operating acquiring Amusement Parks Entertainment Parks Adventure Parks Mythological Parks Theme Parks Spiritual Parks to set up Entertainment Centers Entertainment Arcades Video Parlours Bowling Alleys Games Parlours Sports Centers Entertainment Software to develop Tourist and Picnic Spots with or without boarding and lodging facilities and to provide all kinds of infrastructure and supporting services like Restaurants Hotels Café Taverns Bars Refreshment Rooms Fast Food Outlets Pubs Inns Health and Fitness Centers Clubs F & B Centers Conference Rooms Tourist and Taxi Services Retail Malls Entertainment Malls as may be necessary or expedient for conducting the aforesaid business of the company.Major events and milestones of the CompanyFebruary 2010 - The Company was incorporated in the name and style of ?Adlabs Entertainment Private Limited?.April 2010 - The Company was converted from a private limited company to a public limited company and consequently the name of our Company was changed to ?Adlabs Entertainment Limited?.- The project of setting up the theme park by our Company was given the status of a megaproject by the Tourism and Cultural Affairs Department Government of Maharashtra.March 2012 - The Company availed a loan from the Consortium Lenders.December 2012 - The outstanding loan amount under loan taken from Centrum Financial Services Limited was converted into 2295455 Equity Shares which were allotted at the price of Rs. 220 per Equity Share.August 2013- India Advantage Fund invested an amount equal to Rs. 1439999880 by subscribing to 1439999 Compulsorily Convertible Debentures of the Company and four Equity Shares.November 2013- Imagica - The Theme Park commenced commercial operations.October 2014- Aquamagica - the water park commenced commercial operations- NYLIM Jacob Ballas India Holdings IV and Jacob Ballas Capital India Private Limited invested an amount aggregating to Rs. 500.00 million by subscribing to 499975 compulsorily convertible debentures of Rs. 1000 each and 100 Equity Shares.