Should investors subscribe to Shemaroo IPO?

THE ECONOMIC TIMES Fri, Sep 19, 2014 | 10:04 AM IST IPO Newsletter

Should investors subscribe to Shemaroo IPO? Should investors subscribe to Shemaroo IPO? The object of the issue is to use Rs 106 crore out of issue size of Rs 120 crore towards funding of working capital requirement. NCC's Rs 600 cr rights issue to open on Sept 29 NCC's Rs 600 cr rights issue to open on Sept 29 The ratio of allotment would be 7:6 (seven shares on rights basis for every six shares held). The issue would be offered at Rs 20 per share (including a share premium of Rs 18 per share). Monte Carlo gets Sebi go-ahead for IPO Monte Carlo gets Sebi go-ahead for IPO The company has said that its PE investor Samara Capital has decided to divest 9.5% stake and promoters will dilute 15% stake through offer for sale. Investors can skip Shemaroo's offer Investors can skip Shemaroo's offer For past 5 years, more than 50% of the Shemaroo's revenues are coming from distribution of broadcast rights of its films to television channels Cox & Kings plans to raise Rs 300-350 crore via QIP Cox & Kings plans to raise Rs 300-350 crore via QIP The company has a gross debt of about Rs 5400 crore and net debt of about Rs 4000 crore. It recently sold its non core camping business in a bid to reduce debt.

Company Name Issue Size Status Date of Relevance Volume   Momai Apparels Ltd. 297859230.00 Upcoming 25/09/2014 to 30/09/2014 78-90 Shemaroo Entertainment Ltd. 419999960.00 Close 16/09/2014 to 18/09/2014 170.00 Sharda Cropchem Ltd. 1231509864.00 Close 05/09/2014 to 09/09/2014 156.00 Snowman Logistics Ltd. 197400000.00 Close 26/08/2014 to 28/08/2014 47.00

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