Imagicaaworld buys 50% of Shanku’s Water Park in Gujarat for ₹50 crore
Imagicaaworld will rebrand Mehsana’s Shanku’s Water Park as Aqua Imagicaa at Shanku’s and manage operations, extending its Gujarat presence through a partnership-led model. The companies plan attraction and infrastructure upgrades, supported by an additional capital raise over 12–18 months.
What happened
Imagicaaworld Entertainment Limited · Imagicaaworld will acquire a 50% stake in Mehsana’s Shanku’s Water Park for ₹50 crore, rebrand it Aqua Imagicaa at
Key facts
- ₹50 crore investment
- 50% equity stake
- 6%-10% management fee based on performance
- 25-acre park
- More than 25 rides and attractions
- Additional capital raise planned over 12-18 months
Why this matters
The partnership-led deal gives Imagicaaworld control of operations and brand deployment in Mehsana while preserving local partner alignment, creating a lower-risk template for geographic expansion.
What to watch
- Timing, size, pricing and stated use of proceeds of the additional capital raise.
- Attendance, ticket yield, season-pass uptake and per-capita food-and-beverage spend after the rebrand.
- Magnitude and completion timing of new attractions and infrastructure upgrades.
- Whether management discloses revenue, EBITDA margin or payback targets for the Shanku's partnership.
- Evidence of additional asset-light acquisitions, operating agreements or minority investments by Imagicaaworld.
- Monsoon patterns, water availability, local competition and safety/maintenance incidents that could affect seasonal throughput.
- Announce phased attraction, maintenance, guest-experience and food-and-beverage upgrade plans for Aqua Imagicaa at Shanku's.
- Launch the rebrand and integrate booking, pricing, marketing and operating standards with the Imagicaa platform.
- Pursue an additional capital raise within 12-18 months, likely earmarked for Gujarat upgrades and broader expansion.
- Build Gujarat-specific distribution through schools, corporate outings, travel agents, local festivals and regional digital campaigns.
- Assess adjacent lodging, events and cross-promotional opportunities that extend guest spend beyond water-park tickets.