Indian arm of Eros Group, Eros International Media is going to come up with a public issues. The total money it plans to raise from this is going to be 3.50 billion rupees and as many as 20-22 million shares will be floated in the market. Each share is going to be priced 10 rupees and the price band of the issue is between 158-175 rupees each for equity share.

The issue which is going to close on September 21 will constitute up of 22-24 per cent of the total paid up capital of the company.

On the same, different brokerage houses have given different advises. While Sharekhan believes that the issue is good for long-term purpose as it is one strong name in the Indian entertainment industry, Geojit Paribas has given the rating of 49/100 to the same.

Sharekhan says that the improved economic environment with higher disposable income, it is the right time to invest in the entertainment industry.

Geojit has said that Eros has a strong distribution channel but it is mostly comes from newer films.