Tuesday, September 16, 2014

Shemaroo IPO Subscribed 0.28 times on day 1

 Shemaroo IPOShemaroo Entertainment Ltd IPO subscribed 0.28 times on day 1; Sept 16 2014. Detail of the subscription is as below:

  • Qualified Institutional Buyers (QIBs): 0.00 times
  • Non Institutional Investors (NII): 0.01 times
  • Retail Individual Investors (RIIs): 0.53 times

Shemaroo IPO opened today and will close on Sep 18, 2014. Retail investors will get discount of 10% to the issue price. Shemaroo IPO shares are proposed to be listed on the BSE and NSE.

ARM Research "Grey Market Commanding Premium ~ Rs 60 per share & expected retail oversubscription 20-25x. We advise "Subscribing" the issue for potential Listing gains..."