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Shemaroo shares close at IPO price after initial gains on listing

MUMBAI: The shares of Shemaroo Entertainment listed on the bourses with a six per cent premium from its issue price of Rs 170.

The stock opened at Rs 180 per share, and touched the intraday high of Rs 181. However, it settled at Rs 171.

A total of 6,04,876 shares were traded on the BSE on the debut day.

The  company’s IPO was seven times over-subscribed. The retail investors’ proportion was subscribed 7.5 times. There was an extra 10 per cent discount offered for the proportion.

While the institutional investors’ proportion was subscribed 5.7 times, the segment comprising high net worth investors was subscribed 8.6 times.