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Shemaroo Entertainment's IPO to open on Sept 16


09 Sep 2014
Shemaroo Entertainment Ltd., one of the largest integrated film & entertainment content houses, involved in aggregation, distribution, production and post-production, will hit the capital market on September 16 to raise up to Rs 120 crore through an initial public offer (IPO), reported PTI.

As per information available with the Securities and Exchange Board of India (Sebi), the company's IPO will open on September 16 and close on September 18.

The proposed IPO comprises equity shares of face value of Rs 10 each at the issue price aggregating to Rs 120 crore.

Besides, the firm is considering a pre-IPO placement up to eight lakh equity shares aggregating up to Rs 10 crore.

The proceeds from the issue would be utilised to fund working capital requirements and general corporate purposes.

The lead managers of the issue are Yes Bank Ltd and ICICI Securities Ltd.

Shemaroo would list shares on the National Stock Exchange and the BSE.
Source: Dion Global   Type: IPO Related