Shemaroo Ent shares trim initial gains after listing spike

Shares of Shemaroo Entertainment, which is into film and entertainment content business, ended with moderate gains on profit-booking on its debut trade today.
Shemaroo ended at Rs 171, up 0.58 per cent against its issue price of Rs 170 per share on the BSE. The stock debuted at Rs 180, a gain of 5.88 per cent.
At the NSE, the scrip 0.59 per cent and settled at Rs 171.
In terms of volume, 6.05 lakh shares of the company changed hands at the BSE, while over 13 lakh shares were traded at the NSE during the day.
Shemaroo had entered the capital market last month with an initial public offer of shares in the price band of Rs 155-170 to raise about Rs 100 crore.

The company's IPO was oversubscribed 7.39 times.
Ahead of the IPO, the company has raised Rs 36 crore from anchor investors.
The broader market was weak with the BSE benchmark Sensex ending 62.52 points lower at 26,567.99.