Bollywood content aggregation company Shemaroo's Rs 120 crore IPO closed with bids at 5 times the number of shares offered for purchase. On the last day, Foreign institutional investors applies for 2.3 million shares, taking the bids from Qualified Institutional Buyers (QIBs) to 1.83 of the amount allocated to the segment. Retail investors applied for 5.6 times the number of shares allocated, while non institutional buyers applied for 7.9 times the shares allocated to the segment. Bids were spread evenly across the price range of Rs 155-170, with the lowest bids at cut-off. Shemaroo had sold 2,117,605 shares at Rs 170 with anchor investors for Rs 36 crores on September 15th, before the IPO opened. Investors mostly included funds from HDFC and Birla Sun Life, with HDFC picking up around 55%, and Birla Sun Life picking up the remaining 45% of that issue. Shemaroo Financials Shemaroo’s consolidated total income was at Rs 265.95 crore in FY14, up 23.1% year-on-year (YoY). The profit after tax was at Rs 27.27 crore in FY14, up 16.3% YoY while EBITDA was at Rs 65.69 crore, up 11.9% YoY. The consolidated net worth of Shemaroo as of March 31, 2014 is Rs 174.45 crore. Its group company, Think Walnut, posted total sales of Rs 1.82 crore for FY14, up from Rs 0.65 crore in FY13. The net loss was at Rs 0.19 crore for the fiscal, as compared to Rs 1.3 crore loss in FY13. Notes from the IPO filing: - YouTube Tie-up: Shemaroo has tied up as an official channel partner…
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