Imagicaaworld commits ₹100 cr to Gujarat's Shanku's Water Park as footfalls rise 5%

Imagicaaworld will deploy up to ₹100 crore in equity and debt to operate Shanku's Water Park near Mehsana, earning a 6-10% management fee. The 25-acre park adds to its WetnJoy and Aqua Imagicaa portfolio. Q4FY26 revenue hit ₹91.9 crore on 6.21 lakh footfalls, up 5% YoY, even as shares trade -36% over the year.

— Source publishedMon, 18 May, 2026, 18:04 IST·First seen Mon, 18 May, 2026, 18:15 IST·Source The Hindu BusinessLine

What happened

Imagicaaworld will invest up to ₹100 crore via equity and debt in Gujarat's Shanku's Water Park, taking on operations and management for a 6-10% fee. Q4FY26

Key facts

  • ₹100 crore investment
  • 6-10% management fee
  • 25 acres
  • 25+ rides
  • ₹91.9 crore Q4FY26 revenue
  • 6.21 lakh footfalls
  • 5% YoY footfall growth
  • ₹42.07 share price
  • -2.66% day
  • -36% 1-year
  • ₹2,366 crore m-cap

Why this matters

This Mehsana deal is a template for India's fragmented regional water-park market—equity-plus-debt structures with management fees offer a repeatable roll-up path across tier-2 leisure assets.