WonderLa’s FY13 EPS is about Rs. 8 and at Rs. 125, the PE of 15.63x which is looking attractive at issue price band. One can apply in the issue based on strong fundamental such as Operational experience in the amusement park industry, In-house manufacturing facility at Wonderla Kochi, High profit margins, High safety and hygiene standards, Experienced promoters, management and qualified staff, Entry Barriers and Constantly innovate new attractions at our amusement parks.
The company’s Promoter, Kochouseph Chittilappilly in the year 1996 incorporated V-Guard Industries. Also key management personnel information George Joseph (Chairman, Non-Executive Director (Independent)) serving as director at Muthoot Finance Limited, Ramachandran Panjan Moothedath (Non-Executive Director (Independent)) serving as director at Jyothy Laboratories Limited, Jyothy Consumer Products Limited.
On above strong investment rationale and reasonable valuations, I recommending investors to “SUBSCRIBE” Wonderla Holidays-IPO.
Detail report will be soon updated.