Eros International Media Limited IPO : Settled at 8.60% premium on debut

by khalid on 06/10/2010 · 0 comments

Eros International Media Limited’s shares got a good buying interest and debuted at Rs 213.35, a 8.60% premium over its initial public offering (IPO) price of Rs 175. At the end of the day, shares price was Rs 190.05 which is a premium of 8.60% over the issue price of Rs 175. The stock hit a high of Rs. 217.70 and low of Rs. 178.60 on the day 1.

Eros International Media IPO had been strongly oversubscribed 26.51 times at the end of the final day of subscription 21 September 2010. The IPO of Eros International Media Limited had received a good response from the investors with the final over-subscription figure nearing to about 26.51 times on an overall basis. Retail Investors categories of investors had shown least support.

Listing day Summary :-
IPO Listing Date: 6th October 2010
BSE Script Code: 533261
NSE Symbol: EROSEINT
ISIN : INE416L01017
Listing in: ‘B’ Group of Securities
Issue Price: Rs.175 per equity share

On the BSE:-
Issue Price: Rs. 175.00
Open : 213.35
High : 217.70
Low : 178.60
Close : 190.05
Last Trade : 190.05

The company plans to utilise the IPO proceeds to acquire and co-produce Hindi and other regional films. Mumbai-based Eros International Media is primarily engaged in movies and music distribution.

CompanyList DateOffer PriceList Price Open High LowLast PriceLast traded Date Volume
Eros Intl.Media 6th Oct 2010175.00 213.35 213.35 217.70178.60190.05 6th Oct 2010 21,900,598
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