DQ Entertainment IPO receives 0.69 times subscription on first day

The Initial Public Offering (IPO) of DQ Entertainment International Limited has received subscription of 0.69 times till 5:00 PM on day one. The IPO opened for subscription by investors today - March 8, 2010.

The IPO has received total bids for 9078400 equity shares against the offer of 13217151 equity shares.

The issue has received bids for 994080 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 on Wednesday - March 10, 2010.

Source : Equity Bulls

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