Imagicaaworld Entertainment Limited has announced a strategic investment of up to ₹100 crore in Shanku’s Water Park, located near Ahmedabad, Gujarat. This move is part of the company’s efforts to expand its footprint in one of India’s fastest-growing leisure and tourism markets.
Shanku’s Water Park, situated in Mehsana, Gujarat, is recognised as the largest water park in the state, featuring over 25 high-quality rides and attractions across 25+ acres. The park has recently undergone significant renovations, including the installation of advanced water filtration systems similar to those at Imagicaaworld’s flagship Khopoli property.
Imagicaaworld will invest in Mehsana Next Parks Private Limited (MNPPL), the entity that will own and operate Shanku’s Water Park. The investment will be a mix of equity and debt securities, with additional capital earmarked for future expansion and the development of new attractions on adjacent land.
The partnership will also see Imagicaaworld providing Operations & Management (O&M) services to Shanku’s Water Park, leveraging its expertise in park operations, guest experience, safety systems, and revenue optimisation. As part of this arrangement, Imagicaaworld will earn management fees ranging from 6% to 10%.
Jai Malpani, Managing Director of Imagicaaworld Entertainment Limited, highlighted the strategic benefits of this investment, noting the park’s strong regional brand recall and its location within a one-hour radius of Ahmedabad and GIFT City, making it a prime asset amid commercial growth and weekend tourism.
This investment underscores Imagicaaworld’s strategy to enhance its offerings and expand its presence in key markets, aiming to deliver superior guest experiences and create long-term value.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).