MUMBAI: Eros International Media Ltd, a wholly-owned subsidiary of Eros International Plc, has set a price band of Rs 158-175 a share for its initial public offer (IPO).

The price band is Rs 158 to Rs 175 per equity share of face value Rs 10 each. The issue will open on 17 September and close on 21 September EIML will be raising an amount aggregating to Rs 3.5 billion (Rs 350 crore).

On completion of the IPO and allotment (and subject to regulatory approval), the equity shares of EIML are proposed to be listed and traded on the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited.