Mumbai: The initial public offering (IPO) of Hyderabad-based gaming and animation firm DQ Entertainment (International) Ltd was subscribed 85.78 times, the best response so far for any public issue this year. Subscription of at least 80 times was last recorded in the IPO of Future Capital Holdings Ltd that was subscribed 133.44 times in January 2008.
With an issue size of nearly16.05 million shares, excluding shares for anchor investors, the DQ Entertainment issue opened on Monday in a price band of Rs75-Rs80. DQ Entertainment has already lined up anchor investors to raise nearly Rs22.64 crore. The IPO constitutes 20.24% of the fully diluted post issue paid-up equity share capital of the company.