Mumbai-based media and entertainment company Shemaroo Entertainment opened its initial public offering of Rs 120 crore for subscription today. The issue will close on September 18, 2014.
The issue price is fixed at Rs 155-170 per equity share. 85 equity share will be the minimum bid lot for subscription.
The company is an established integrated media content house in India with activities across content acquisition, value addition to content and content distribution. Together with filmbased copyrights and other entertainment rights, the brand "Shemaroo" is synonymous with quality entertainment.
Check out what research firms says about this IPO
The objects of the issue are to fund working capital requirements; and fund expenditure for general corporate purposes.
The equity shares offered through the Red Herring Prospectus are proposed to be listed on the NSE and the BSE.
YES Bank Limited and ICICI Securities Limited will be the book running lead managers to the issue. However, Link Intime India Private Limited has appoinred as a registrar to the issue.
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