| MUMBAI:
DQ Entertainment (International) Ltd (DQE) has lined up a clutch of seven anchor
investors at the upper IPO price band of Rs 80 per share. The
blue chip investors have subscribed to 2.83 million shares, aggregating to Rs
226.47 million. The
investor list includes 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. DQE
had earlier completed a pre-IPO placement for Rs 256.9 million through a placement
of 3.77 million equity shares, or 5.97 per cent of the pre-issue share capital
of the company, with IDFC Investment Advisors Limited (IDFC) and other corporate
and high net worth individuals. The
Hyderabad-based animation and gaming company will be able to raise Rs 1.28 billion
at the upper tip and Rs 1.20 billion at the lower end of the price band. DQE’s
IPO opens for subscription on 8 March and closes on 10 March. The company will
have a public issue of up to 16.05 million equity shares. Also
Read:
DQE
fixes IPO price band at Rs 75-80
opens
on 8 March; completes pre-IPO placement at Rs 68 a share DQ
Entertainment mulls Pre-IPO placement | 
