Shemaroo IPO subscribed 7.37 times on final day of offer

The initial public offer of Shemaroo Entertainment, which is into film and entertainment content business, saw good demand from investors, getting subscribed 7.37 times, on the last day of the issue today.
The Rs 100-crore IPO, received bids for over 4.21 crore shares as against the issue size of over 57.20 lakh shares, data available with the NSE showed.
The final break-up for subscription in retail, qualified institutional buyers and non institutional investors category were, however, not updated.
As per yesterday's data available with the NSE, the category for retail individual investors was subscribed 1.77 times, while non institutional investors received 0.06 times subscription.

The portion for qualified institutional buyers (QIBs) saw 0.23 times subscription.
Shemaroo entered the capital market with an initial public offer of shares in the price band of Rs 155-170 to raise about Rs 100 crore.

The company's IPO, which opened on Tuesday closed today.
Shemaroo Entertainment had on Monday sold shares worth Rs 36 crore to nine anchor investors, including Birla Sunlife and HDFC mutual funds.
The proceeds from the issue would be utilised to fund working capital requirements and general corporate purpose.
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.

Shemaroo is into film and entertainment content business. This is the fourth IPO this year.
Prior to this, there have been public offers of Wonderla Holidays, Snowman Logistics Ltd and Sharda Cropchem.