DQ Entertainment IPO to hit markets on March 8, 2010

The Initial Public Offering (IPO) of DQ Entertainment International Limited will hit markets on Monday - March 8, 2010. The company is coming out with issue of 1,60,48,011 equity shares of Rs 10 each for cash at a price band of Rs.75 to Rs.80 through 100% book building process.

The minimum order quantity is 80 shares and in multiples of 80 shares. The Maximum Subscription Amount for Retail Investor is Rs.100000.

The rating agency Fitch Ratings have assigned IPO Grading of IPO Grade 3.

SBI Capital Markets Limited is the Book Running Lead Manager to the issue. SBICAP Securities Limited, India Info line Limited and Yes Bank Limited are the Syndicate Members to the issue.

Karvy Computershare Private Limited is the registrar to the company. The IPO closes for subscription on Wednesday - March 10, 2010.

Source : Equity Bulls

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