DQ Entertainment IPO receives subscription of 58.02 times

The Initial Public Offering (IPO) of DQ Entertainment International Limited has received subscription of 58.02 times till 3:00 PM on March 10, 2010.

The IPO has received total bids for 766858560 equity shares against the offer of 13217151 equity shares. The IPO has received bids for 38321440 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 opened for subscription on March 8, 2010 and closes for subscription today (Wednesday - March 10, 2010).

Source : Equity Bulls

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