Shemaroo Entertainment files DRHP for Rs 1.15 billion IPO

MUMBAI: Shemaroo Entertainment has filed draft red herring prospectus (DRHP) with market regulator SEBI for an IPO (initial public offering) of Rs 1.15 billion (Rs 115 crore).

Shemaroo Entertainment is an integrated media content house in India with activities across content acquisition, value addition to content and content distribution.

Via the IPO, the company plans to raise funds for working capital requirements.

Yes Bank Limited and ICICI Securities Limited are the book running lead managers to the issue.

The company has a total of 19.85 million equity shares, of which the promoters hold a stake of 90.14 per cent. The remaining is with other corporate bodies.

For the year ended 31 March 2011, Shemaroo Entertainment reported net profit of Rs 136.2 million (Rs 13.62 crore) on a total income of Rs 1.60 billion (Rs 160 crore).

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