DQ Entertainment IPO : Fully subscribed on day2

by khalid on 09/03/2010 · 0 comments

IPO of DQ Entertainment (International) has achieved full subscription on day 2. The issue has been subscribed 3.5700 times at the end of the day. The company has entered the capital market with an initial public offering (IPO) of 16048011 Equity Shares of Rs. 10 each for cash, at a premium to be decided through a 100% Book Building Process . The price band for the issue has been fixed at Rs 75 at lower level and Rs 80 at upper level.

The category-wise subscription status of DQ Entertainment on day 2 is given below:-
QIB: 6.4708 Times
Non-Institutional Investors: 0.0519 Times
Retail: 0.9348 Times
Employee : 0.0125 Times
Overall: 3.57 Times

The proceeds of the IPO will be used by the company for investment in co-production agreements, focusing on IP content creation, development of office premises and production facilities, development of infrastructure and additional facilities at the SEZ Unit, Kokapet Village, Rangareddy District, Andhra Pradesh, investment in subsidiary, DQ Entertainment (Ireland) Ltd. and general corporate purposes and strategic initiatives. DQ Entertainment (International) Ltd is a rapidly growing company which is clear from last two years data of their revenues. The companies consolidated revenues was Rs 94.57 crores in FY08 which increased to Rs 150.90 in FY09.

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Issue Detail:-
Issue Open : 8th Mar 2010 to 10th Mar 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 16048011 Equity Shares of Rs 1
Issue Size : Rs. 120.36 – 128.38 Crores
Face Value : Rs. 10 Per Equity Share
Issue Price : Rs. 75 – Rs. 80 Per Equity Share
Market Lot : 80 Shares
Minimum Order Quantity : 80 Shares
PO Grading / Rating : 3 out of 5 (Fitch)
Listing At : BSE, NSE

Book Running Lead Manager(s) to the issue is SBI Capital Markets Limited

Registrar of the Issue is Karvy Computershare Private Limited, Hyderabad.

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