DQ Entertainment (International) IPO
DQ Entertainment (International) IPO — date, price band, lot size & details 2010
DQ Entertainment (International) listed on 29 Mar 2010 at ₹135, 68.8% above the ₹80 issue price.
DQ Entertainment (International) produces animation, visual effects, game art and entertainment content for Indian and global media companies. Its total income was Rs 150.91 crore in FY2009.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 15 November.
- Open 08 Mar 2010
- Close 10 Mar 2010
- Allotment 22 Mar 2010
- Refund/credit TBA
- Listing 29 Mar 2010
Issue summary
The terms of the offer, as filed.
| IPO Dates | 8 to 10 Mar, 2010 |
|---|---|
| Price Band | ₹75 – ₹80 |
| Face Value | ₹10 |
| Lot Size | 80 Shares |
| Issue Size | ₹128.26 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE |
| Employee Discount | Rs 7.00 per share |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 6,400 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 80 shares at the ₹80 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 80 | ₹6,400 |
| Retail (max) | 31 | 2,480 | ₹1,98,400 |
| S-HNI (min) | 32 | 2,560 | ₹2,04,800 |
| S-HNI (max) | 156 | 12,480 | ₹9,98,400 |
| B-HNI (min) | 157 | 12,560 | ₹10,04,800 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 94.57 crore in FY2008 to Rs 150.91 crore in FY2009.
- 02Profit after tax rose from Rs 7.01 crore in FY2008 to Rs 16.15 crore in FY2009.
- 03It owned over 350 hours of animation content for licensing.
- 04Total borrowing fell from Rs 40.37 crore in FY2008 to Rs 27.32 crore on 30 September 2009.
- 05Rs 104.97 crore of the issue was for co production of its own IP content.
Risks · 5
- 01Co producing its own IP with Rs 104.97 crore is riskier than service work, as returns depend on content selling.
- 02Much of its revenue comes from overseas clients, which brings currency risk; it had centres in 9 locations.
- 03The company was incorporated only in 2007, so its own record is short, with income of Rs 94.57 crore in FY2008.
- 04Animation work is project based, and profit was Rs 10.33 crore in the six months to 30 September 2009.
- 05Promoter holding fell from 94.03% before the issue to 75% after it.
Three years of numbers
All figures in ₹ crore, as reported in the DQ Entertainment (International) offer document.
| Metric | 30 Sep 2009 | 31 Mar 2009 | 31 Mar 2008 |
|---|---|---|---|
| Assets | 236.45 | 218.89 | 195.23 |
| Total Income | 69.01 | 150.91 | 94.57 |
| Profit After Tax | 10.33 | 16.15 | 7.01 |
| NET Worth | 156.23 | 146.15 | 130.07 |
| Reserves and Surplus | 96.77 | 144.52 | 128.44 |
| Total Borrowing | 27.32 | 36.47 | 40.37 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the DQ Entertainment (International) RHP.
Where the money goes
₹171.48 Cr of the issue is earmarked to named objects.
DQ Entertainment (International) IPO Anchor Investors
7 anchor investors across 5 fund houses committed ₹22.65 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| IDFC Small And Midcap Equity (Sme) Fund | Bandhan Mutual Fund | 1,312,480 | 10.50 | 46.36% |
| T Rowe Price International Discovery Fund | T. Rowe Price | 518,380 | 4.15 | 18.31% |
| Birla Sunlife Equity Fund | Aditya Birla Sun Life Mutual Fund | 312,500 | 2.50 | 11.04% |
| Birla Sun Life Mip Ii - Savings 5 Plan | Aditya Birla Sun Life Mutual Fund | 312,500 | 2.50 | 11.04% |
| Morgan Stanley A.c.e. Fund | Morgan Stanley | 250,000 | 2.00 | 8.83% |
| Axis Tax Saver Fund | Axis Mutual Fund | 62,500 | 0.50 | 2.21% |
| Axis Equity Fund | Axis Mutual Fund | 62,500 | 0.50 | 2.21% |
| Total anchor allocation | 22.65 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It is a producer, co producer and global distributor of TV series, direct to home videos and feature films, and it creates game art for online, mobile and console games. It had also moved into live action television and films.
It had an asset base of over 350 hours of animation content to license and distribute, and centres in Hyderabad, Chennai, Mumbai, Kolkata, Manila, Ireland, Paris, Los Angeles and Japan.
The IPO was Rs 128.26 crore and was entirely fresh issue at Rs 80 per share. The money was mainly for co production deals focused on its own IP, and for facilities at its SEZ unit near Hyderabad.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
DQ Entertainment (International) IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SBI Capital Markets Ltd.
142 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: ICICI Securities (-16.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of DQ Entertainment (International)?
The current Grey Market Premium is ₹0.
What is the DQ Entertainment (International) IPO price band?
₹75 to ₹80, on a face value of ₹10.
When is the allotment?
The basis of allotment is 22 March 2010, with listing on 29 March 2010.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
