Prominent among the parties that submitted EoIs are Nazara Tech, Adlabs Entertainment, Manikchand Group, FZE, Tech Connect Services, Capri Global, Jindal Enterprises and iLabs India

15 companies express interest to acquire Smaaash Entertainment

Nazara Technologies, which is backed by late billionaire Rakesh Jhunjhunwalas Rare Enterprises, and the Malpani Group that recently acquired Manmohan Shetty-owned theme park operator Adlabs Entertainment, are the two prominent applicants.

15 companies in fray to buy gaming firm SMAAASH

Privately held Malpani Group, with interests in real estate and theme parks, has given an improved offer of ₹575 crore to acquire the debt-laden asset.

Lenders may put up Manmohan Shetty’s Imagicaaworld for auction this month

The Theme park will be strictly operated as per the SOP guidelines.

Imagicaaworld Entertainment gets Maha Govt permission to reopen its Theme Park

Bharathwaj will hold the new post for three years w.e.f. October 18, 2021.

Imagicaaworld Entertainment appoints Suresh Bharathwaj as Additional Director

Raw Edge Industrial Solutions Ltd, TCI Finance Ltd, Imagicaaworld Entertainment Ltd and Max Ventures and Industries Ltd are among the other gainers in the BSE’s ‘B’ group today, 29 September 2021.

BGR Energy Systems Ltd leads gainers in ‘B’ group

Imagicaaworld Entertainment Ltd, Surana Telecom and Power Ltd, Rollatainers Ltd and Websol Energy System Ltd are among the other gainers in the BSE’s ‘B’ group today, 28 September 2021.

Stove Kraft Ltd leads gainers in ‘B’ group

Q1 FY22 saw the impact of the second wave, as the Park operations were closed from 5 th April 2021 in accordance with the State Government guidelines of “Break the Chain”.

Imagicaaworld Entertainment reports consolidated net loss of Rs75cr in Q1

Imagicaaworld Entertainment reports consolidated net loss of Rs 74.65 crore in the June 2021 quarter

This innovative app will minimise queuing time and ensure physical distancing with ease to access on their mobiles.

Imagicaaworld launches Virtual Queuing App for Entertainment Parks

Water Park operations were resumed on March 11, 2021, however closed again due to second wave lockdown, thereby generating Rs0.8cr revenue during Q4 FY21, the company said in the filing.

Imagicaaworld Entertainment reports Q4 revenue at Rs0.8cr; stock cracks ~4%

Price return has been average, nothing exciting

Performance

Can be considered moderately valued vs the market

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Adlabs Entertainment Limited is engaged in the business of development and operations of theme parks, water parks and associated activities, including retail merchandising and food and beverages (F&B). 