Shringar Cinema IPO at Rs 47-53/shr

The initial public offering (IPO) of Shringar Cinema, which operates a chain of multiplexes in Mumbai and the rest of Maharashtra, will be in the price band of Rs 47- Rs 53 per share.

The public issue of 81,50,000 equity shares of Rs 10 each will open on  April 5, and close on  April 11, 2005. The book running lead managers to the issue are Enam Financial and JM Morgan Stanley.