Sunday, April 4, 2010

DQ Entertainment IPO - Analysis,Subscription,Allotment,Listing

DQ Entertainment (International) Limited is one of the leading producers of animation, visual effects, game art and entertainment content for the Indian as well as global media and entertainment industry. They are a producer, co-producer and global distributor of TV series, direct-to-home videos and feature films. DQ Entertainment is also creators of game art for online, mobile and next-generation consoles. They have forayed into production and distribution of live action television and feature films.

The company had offered 15.73 million shares to the public at a price band of Rs 75-80 each. In addition, employees would get up to 321,011 shares at a Rs 7 discount to the issue price. DQ Entertainment will invest the proceeds in intellectual property, co-production deals, development of production and office units and a special economic zone in Andhra Pradesh, its Ireland unit and for general corporate purposes.

The IPO opens on Mar 8 and closes on Mar 10. The shares will be listing on BSE.

The IPO got a bumper response from investors and was subscribed around 85 times. At the close of the IPO,
QII segment got subscribed by 93.8 times
NII segment got subscribed by 272.88 times
Retail segment got subscribed by 19.4 times
Employee reservation segment got subscribed by 0.36 times

Click here to check if you have been alloted DQ Entertainment shares!

The IPO gave good returns to investors on the listing day. The share closed at Rs 108.55 on the BSE, up 35.69%, after seeing an intraday high of Rs 140 and low of Rs 106.55. It had opened at Rs 135, at a premium of 68.75% over its issue price of Rs 80 per share and traded with volume of 3,99,45,184 shares.


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