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Shemaroo files papers for Rs 120 crore IPO with Sebi

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Mumbai:

Shemaroo Entertainment, which is into film and entertainment content business, has filed draft
documents with market regulator Securities and Exchange Board of India (Sebi) to raise up to Rs 120 crore through an initial public offer (IPO).
     
The IPO comprises "equity shares of face value of Rs 10 each at the issue price aggregating to Rs 12,000 lakh," as per the company's draft red herring prospectus.
     
Besides, the firm is considering a "pre-IPO placement up to 8,00,000 equity shares aggregating up to Rs 1,000 lakh".
     
The proceeds from the issue would be utilised to funding working capital requirements and general corporate purposes, it said.
     
Once the IPO is complete, Shemaroo would list the shares on the National Stock Exchange (NSE) and the BSE.
     
Yes Bank, ICICI Securities, Link Intime India are the book running lead managers to issue.
     
A leading player in the entertainment industry, Shemaroo is also into content distribution.

Story first published on: July 09, 2013 19:07 (IST)

Tags: Shemaroo, IPO, Sebi, NSE, BSE, ICICI Securities

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