DQ Entertainment ropes in anchor investors

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DQ Entertainment ropes in anchor investors

DQ Entertainment, the animation, gaming and live action entertainment production and distribution company proposes to make a public offering of its equity shares comprising a public issue of 16,048,011 equity shares of Rs 10 each through 100% book building process.

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DQ Entertainment, the animation, gaming and live action entertainment production and distribution company proposes to make a public offering of its equity shares comprising a public issue of 16,048,011 equity shares of Rs 10 each through 100% book building process. 

The issue shall be opened from March 8, 2010 to March 10, 2010.

The company has received subscription from certain investors in the anchor investor portion of the issue. The anchor issue opened and closed on March 5, 2010. The company in consultation with SBI Capital Markets Limited allocated 28,30,860 equity shares to IDFC Small and Midcap Equity (SME) Fund, T Rowe Price International Discovery Fund, Birla Sunlife Equity Fund, Birla Sun Life MIP II - Savings 5 Plan, Morgan Stanley A.C.E. Fund, Axis Tax Saver Fund and Axis Equity Fund at a price of Rs 80/-  (including share premium of Rs 70/- per equity share) per equity share aggregating to Rs 22,64,68,800/-.

The company has completed a pre-IPO placement for Rs 25.69 crore through a placement of 3,772,771 equity shares of Rs 10 each, with IDFC Investment Advisors Limited and other corporate & high net worth individuals.

DQE is one of the leading producers of animation, visual effects, game art and live action entertainment content for the global media and entertainment industry. With a workforce of  over 2800 permanent employees  and a global client - partner base of over 90 producers, distributors, broadcasters and licensors including Walt Disney Television Animation, Nickelodeon Animation Studios Inc., Electronic Arts, Marvel Comics, American Greetings, NBC-Universal, BBC Group, M6/ France TV Group / TF-1 - leading  broadcasting and Distribution  groups from France, ZDF TV and ZDF Enterprises -  leading  broadcaster and global distributor from  Germany, ABC Australia, Al Jazeera - Arabic nations,  Disney Channels -  Asia, Cartoon Network Group and many more world-wide.