Shemaroo Entertainment has filed draft red herring prospectus 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. 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 fund working capital requirements and general corporate purposes, and the shares of the company will be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) both.
Yes Bank, ICICI Securities, Link Intime India are the book running lead managers to issue.
Shemaroo Entertainment is one of the largest integrated Film & Entertainment Content House, involved in Aggregation, Distribution, Production and Post Production.
