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DQ Entertainment IPO opens for subscription
By
SiliconIndia,Sunday, 07 March 2010, 22:00 Hrs
Mumbai: The initial public offering (IPO) of DQ Entertainment, the animation, gaming and live action entertainment production and distribution firm, has opened for subscription on Monday. The 1,60,48,011 equity shares IPO is being done through 100 percent book building process and will close on March 10, 2010.
The price band for the issue is at
75 - 80 per equity share of 10 each. The issue shall constitute 20.24 percent of the fully diluted post issue paid-up equity share capital of the company. The company proposes to utilize the net proceeds of the Issue to part finance investment in co-productions, 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 its subsidiary, DQ Entertainment (Ireland) and general corporate purposes.
The equity shares are proposed to be listed on Bombay Stock Exchange. Karvy Computershare is the Registrar to the issue. SBI Capital Markets is the book running lead manager.
The price band for the issue is at
75 - 80 per equity share of 10 each. The issue shall constitute 20.24 percent of the fully diluted post issue paid-up equity share capital of the company. The company proposes to utilize the net proceeds of the Issue to part finance investment in co-productions, 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 its subsidiary, DQ Entertainment (Ireland) and general corporate purposes.
The equity shares are proposed to be listed on Bombay Stock Exchange. Karvy Computershare is the Registrar to the issue. SBI Capital Markets is the book running lead manager.
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