Adlabs Entertainment (Adlabs) is one of the leading amusement park operators in India. Through this IPO, Adlabs intends to de-leverage its balance sheet by Rs 3.30 billion, which is the objective of the IPO.

Commenting on the above, GEPL Capital said "Adlabs Entertainment stands to gain from operating leverage once all three properties are fully functional and witness an increase in footfall. At an P/BV of 3.6x we believe that Adlabs demands a discount to both its domestic and global peers. We assign a Subscribe rating to the IPO.''

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