Shemaroo Entertainment is bringing the issue at price band of Rs 155-170 a share which will turn into p/e multiple of 15-17 at post issue FY'14 eps of Rs 10.13.
Commenting on the above, Hem Securities said, ''The company with its presence in various distribution platforms such as television, home entertainment, digital New Media and other media have a diverse content library, which is growing continuously with the addition of new releases as well as through catalogue acquisitions.
Also, company's recent initiatives as an official channel partner for Google Inc.'s You Tube is infusing optimism in growth prospects of company. Hence we recommend Subscribe the issue.''
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