Imagicaaworld Completes Full Warrant Conversion, Secures ₹129.45 Crore
Imagicaaworld Entertainment Limited completed the full conversion of convertible warrants, receiving ₹129.45 crore. The company allotted 2,34,82,500 equity shares at ₹73.50 each. Promoter group maintains nearly 75% stake. Funds will support park expansion and indoor entertainment growth.
The infusion of ₹129.45 crore will support the company's expansion and growth initiatives, positively impacting its operational capabilities and market position.
The full conversion of warrants at a premium and the continued strong promoter holding indicate positive investor confidence and a strengthened financial position for future growth.
Imagicaaworld Entertainment Limited has announced the full conversion of convertible warrants into equity shares. The company's Board approved the allotment of 2,34,82,500 fully paid-up equity shares of face value ₹10 each at an issue price of ₹73.50 per share. This conversion pertains to warrants originally allotted on a preferential basis in March 2025.
The company received the balance 75% subscription amount of ₹129.45 crore, completing the full conversion of all warrants. The promoter group continues to hold nearly 75% shareholding, demonstrating strong conviction in the company's long-term vision and growth prospects. The participation of other investors further validates confidence in Imagicaaworld's business fundamentals and growth strategy.
The funds raised will be utilized to meet existing capital commitments and support growth initiatives across the parks portfolio. This includes expansion into new geographies, addition of new attractions and experiences, and scaling up the indoor entertainment business.
Jai Malpani, Managing Director, stated that the full conversion reflects strong confidence from promoters and investors, strengthening the company's financial position. Dhimant Bakshi, CEO, added that the additional capital provides flexibility and firepower to execute growth plans, capitalize on opportunities in existing parks, and expand the indoor entertainment business.
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Imagicaaworld Entertainment Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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