In November 2010, Lavasa had got the Sebi clearance for  an IPO to raise up to Rs 2,000 crore, but bad market  conditions forced the company to scrap the plan.  The proceeds from the proposed IPO would be used to fund  the company's growth. The Hindustan Construction Company (HCC) group, which has  68.72 per cent stake in Lavasa, had said that proposed public  issue is subject to receipt of requisite regulatory approvals,  market conditions and other considerations.

Separately, Sebi has sought fresh clarifications from  Adlabs Entertainment regarding the company's proposed IPO.  However, the regulator did not disclose about the details of  clarifications sought from the lead managers. Earlier, Sebi  had sought clarifications in July.  Adlabs Entertainment runs amusement park- Adlabs built  by film producer and director Manmohan Shetty.  The regulator had received the draft offer documents on  May 22, 2014, through its lead manager.  The company has proposed a public issue of 2.3 crore  equity shares of face value of Rs 10 each. The issue comprises  a fresh public issue of up to 2.2 crore shares and an offer  for sale of up to 20 lakh shares by the promoter Thrill Park.

Adlabs Entertainment intends to deploy the funds raised  from the fresh issue for payment of loans and general  corporate. Besides, the company is considering a pre-IPO  placement of up to three lakh equity shares for an amount not  exceeding 80 crore.