Shemaroo Entertainment shares list at Rs 171 on the NSE

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Shemaroo Entertainment shares list at Rs 171 on the NSE
Shares in entertainment company Shemraoo Entertainment got listed at Rs 171 very close to the upper price bank of its IPO.

The company had come out with a public issue of shares last month with a price band between Rs 155 and Rs 170.

Many brokers had a mixed opinion on investing in the stock.

IDBI Capital had advised investors to 'Avoid' the issue. According to the brokerage, Shemaroo at its price band of Rs155-170 per share will trade at a valuations of 15-17x FY14 EPS (post dilution), which is higher than its comparable Eros International trading at 11x FY14 EPS.

GoodReturns.in

Read more about: ipo, shemaroo
Story first published: Wednesday, October 1, 2014, 10:11 [IST]
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