QIB portion of DQ Entertainment IPO subscribed 6.4708 times

The Qualified Institutional Buyers (QIBs) portion of DQ Entertainment International Limited IPO has received subscription of 6.4708 times.

The QIB portion has received total bids for 42741680 equity shares against the offer of 6605340 equity shares resulting in a subscription of 6.4708 times.

Out of the QIB portion, Foreign Institutional Investors (FIIs) have bid for 35221680 equity shares.

Mutual Funds have subscribed for 7520000 equity shares under the QIB portion whereas the Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) have not subscribed for any shares yet.

The Rating Agency Fitch Ratings has given IPO Grade 3 rating for the IPO.

Source : Equity Bulls

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