Shemaroo Entertainment IPO opens tomorrow :: moneycontrol

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Shemaroo Entertainment a Mumbai based Media & Entertainment company has come out with its initial public offering of Rs 120 crore of a face value of Rs 10 each. The issue will open for subscription tomorrow which has scheduled to close on September 18, 2014.

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.

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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