Shemaroo Entertainment IPO subscribed 0.28 times on day one

The IPO received bids for 15.95 lakh shares as against 57.20 lakh shares on offer

Sep 17, 2014 04:09 IST India Infoline News Service

The initial public offer (IPO) of Shemaroo Entertainment was subscribed 0.28 times on first day of the bidding for the IPO today, 16 September 2014.
 
The IPO received bids for 15.95 lakh shares as against 57.20 lakh shares on offer, according to NSE data.
 
The issue closes on 18 September 2014. The company is offering shares in the price band of Rs 155 to Rs 170 per share in the ongoing IPO. A discount of 10% to the issue price is being offered to retail individual bidders.

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