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DQ Entertainment IPO

The initial public offering (IPO) of DQ Entertainment, the animation, gaming and live action entertainment production and distribution firm, has opened for subscription from today.

The initial public offering ("IPO") of 16,048,011 equity shares of Rs. 10 each in DQEI ("Equity Shares") for cash at a price to be determined through the 100% book-building mechanism in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations 2009 will be open for subscription between Monday, 8 March 2010 and Wednesday, 10 March 2010. The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited ("BSE").

The initial public offering ("the Issue") of equity Shares of Rs. 10 each in DQEI ("Equity Shares") has been fixed at between Rs. 75 and Rs. 80 per Equity Share. A discount of Rs. 7 to the issue price determined pursuant to completion of the book building process has been offered to eligible employees of DQEI. The price band has been arrived at in consultation with SBI Capital Markets Limited, the book running lead manager ("BRLM").

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