Shemaroo Entertainment shares gain 6% on debut

Our BureauPTI Updated - October 01, 2014 at 01:25 PM.

Shemaroo Entertainment in a filing to the stock exchange informed trading members that its equity shares are listed and admitted to dealings on the exchange in the list of 'T' Group securities from October 1.

Shares of Shemaroo, which is into film and entertainment content business, made their debut at the bourses today and surged nearly six per cent as against the issue price of Rs 170 per share.

Stocks of the company were listed at Rs 180, reflecting a gain of 5.88 per cent against the issue price on the BSE.

At the NSE also, it debuted at Rs 180 as compared to the issue price.

The stock was later trading at Rs 171, up 0.59 per cent, in the afternoon trade.

Shemaroo had entered the capital market last month 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 was subscribed 7.39 times.

Published on October 1, 2014 04:05