29th Mar 2010 15:44
Immediate Release |
29 March 2010 |
DQ Entertainment plc ("the Company")
Listing of the equity shares of DQ Entertainment (International) Limited
("DQEI")
DQ Entertainment plc (AIM: DQE), the animation, gaming and entertainment production and distribution company is pleased to announce that the equity shares of DQEI, were listed on the Bombay Stock Exchange Limited (BSE) on 29 March 2010. The opening price of the DQEI equity shares was Rs. 135 (GBP 2.01) per share, representing a premium of around 68.75% to the issue price of Rs. 80 (GBP 1.19) per share. The DQEI equity shares closed at Rs. 108.55 (GBP 1.61) per share, at which price, DQE's 75% interest in DQEI is valued at approximately Rs. 6,455 million (GBP 95.99 million). DQEI shares touched an intra day high of Rs. 140 (GBP 2.08) per share.
The Rs. 1,530 million (GBP 22.75 million) IPO, which was open during from 8 to 10 March 2010, received an overwhelming response from investors and was subscribed 86.33 times. The HNI portion was subscribed 272.88 times. The qualified institutional and retail investors' reserved portions were subscribed 93.86 times and 19.45 times, respectively.
SBI Capital Markets Limited, were the book running lead managers and the syndicate members to the issue were SBICAP Securities Limited, India Infoline Limited and Yes Bank Limited. Karvy Computershare Private Limited is the Registrar to the issue.
Exchange rate conversion assumed at GBP 1 = Rs. 67.25.
For further information, please contact:
DQ Entertainment plc Tapaas Chakravarti - Chairman & CEO Niranjan Prasad - VP Finance & Corporate Affairs |
Tel: +91 40 235 53726
|
Religare Capital Markets (Broker) Nicholas Malins-Smith James Wood |
Tel: +44 20 7444 0500 |
(Nomad) Alan MacKenzie Peter Trevelyan-Clark Derek Crowhurst |
Tel: +44 20 7444 0800
|
Buchanan Communications Mark Edwards Jeremy Garcia George Prassas |
Tel: +44 20 7466 5000 |
Related Shares:
DQE.L