Shemaroo Entertainment shares gain 6% on debut

Shares of Shemaroo Entertainment, which is into film and entertainment content business, made debut at the bourses today and surged nearly six per cent as against the issue price of Rs 170 per share.
Stocks of the company were listed at Rs 180, reflecting a gain of 5.88 per cent against the issue price on the BSE.
At the NSE also, it debuted at Rs 180 as compared to the issue price.
The stock was later trading at Rs 171, up 0.59 per cent, in the afternoon trade.
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.