DQ Entertainment IPO receives subscription of 86.33 times

The Initial Public Offering (IPO) of DQ Entertainment International Limited has receives tremendous response from investors with the issue receiving subscription of 86.33 times.

The IPO has received total bids for 1141008880 equity shares against the offer of 13217151 equity shares. The issue has received bids for 84464240 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion has received overwhelming response with total bids for 619980320 equity shares against the offer of 6605340 equity shares resulting in a subscription of 93.8605 times.

The Non Institutional Investors portion has received tremendous response with subscription of whopping 272.8808 times.

The Retail Individual Investors (RIIs) portion of DQ Entertainment International Limited has received excellent response with subscription of 19.4468 times.

The employee portion of the IPO has received subscription of 0.3636 times with bids for 116720 equity shares against the offer of 321011 equity shares.

The IPO opened for subscription on March 8, 2010 and closed for subscription today - March 10, 2010.

Source : Equity Bulls

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