DQ Entertainment IPO receives subscription of 3.57 times till second day

The Initial Public Offering (IPO) of DQ Entertainment International Limited has received subscription of 3.57 times till 5:00 PM on Tuesday - March 9, 2010.

The IPO has received total bids for 47237920 equity shares against the offer of 13217151 equity shares.

The issue has received bids for 3789120 equity shares at cut-off price.

The company has come out with IPO of 1,60,48,011 shares (*including anchor portion of 2,830,860 shares) of Rs 10 each for cash at a price band of Rs.75 to Rs.80 through 100% book building process.

The IPO closes for subscription tomorrow - Wednesday - March 10, 2010.

Source : Equity Bulls

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