Shemaroo Entertainment Limited – Issue subscribed

The IPO from Shemaroo Limited which closed yesterday was oversubscribed overall 7.39 times. The issue received almost similar support from all categories and was in the price band of Rs 155-170 with a 10% discount to retail investors.

The total number of applications received was 1,84,500 which means that 4 out of 11 applicants in retail category would be allotted the minimum 85 shares. The issue has done reasonably well after a slow start.

The full details of the applications are as follows: –

QIB 1548360 8810420 5.6902
HNI 1161270 10034590 8.6410
Retail 3010700 23439855 7.7855
Total 5720330 42284865 7.39203
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