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Silly Monks IPO to hit capital markets on January 5

  • Jan-03-2018
  • 14 Hrs IST

Hyderabad-based Silly Monks Entertainment is coming out with an initial public offering (IPO) to raise Rs 15.12 crore. The issue will open on January 5, 2018 and will close on January 10, 2018. The shares will be listed on NSE’s small and medium- sized enterprises (SME) platform Emerge.

The objects of the Offer are to acquire audio and video content and to expand their presence across the country. The lead manager for the issue is Mumbai-based Aryaman Financial Services.

Silly Monks Entertainment operates as an entertainment and media company in India. It is involved in the digital media publishing, movie/content production, celebrity social media management, application development, audio content distribution, google Ad word and online/digital advertising, event management, and live band performance activities.