DQ Entertainment IPO Details

Issue Open Mar 8, 2010
Issue Close Mar 10, 2010
IPO Price ₹80
Face Value ₹10
IPO Size ₹128.16 Cr
Listing At BSE
IPO Lot Size 80

DQ Entertainment (International) Limited

(Our company was incorporated on April 13,2007 as "Animation and Multimedia Private Limited" in Hyderabad, Andhra Pradesh. The name of our Company was change to "DQ Entertainment (International) Private Limited" by a special resolution passed at the EGM held on January 10,2008. The status of our Company was changed to a public limited company by a special resolution of the members passed at an EGM held on July 25,2009. The fresh certificate of incorporation consequent on change of status from private to public was granted to our Company on September 10,2009 by the RoC, Andhra Pradesh located at Hyderabad.)

Registered Office: 644, Aurora Colony, Road Number 3, Banjara Hills, Hyderabad - 500 034.
Tel: +91-40-23553726/27, Fax: +91-40-23552594 Email: investors@dqentertainment.com,
Website: http://www.dqentertainment.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 16,048,011 EQUITY SHARES OF RS.10 EACH OF DQ ENTERTAINMENT (INTERNATIONAL) LIMITED (OUR "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS.80/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS.70/- PER EQUITY SHARE), AGGREGATING RS.1281.59 (THE "ISSUE") MILLION. THE ISSUE INCLUDES A RESERVATION OF UP TO 321,011 EQUITY SHARES OF RS.10/-EACH FOR ELIGIBLE EMPLOYEES (THE "EMPLOYEE RESERVATION PORTION") FOR CASH AT A PRICE OF RS.73/- PER EQUITY SHARE (INCLUDING ASHARE PREMIUM OF RS. 63/- PER EQUITY SHARE). THE ISSUE LESS THE EMPLOYEE RESERVATION PORTION IS REFERRED TO AS THE "NET ISSUE". THE ISSUE WOULD CONSTITUTE 20.24% OF THE POST ISSUE PAID-UP CAPITALOF OUR COMPANY AND THE NET ISSUE WILL CONSTITUTE 19.84% OF THE POST ISSUE PAID UP CAPITAL OF OUR COMPANY

THE FACE VALUE PER EQUITY SHARE IS RS. 10 EACH. THE ISSUE PRICE PER EQUITY SHARE IS RS. 80/- OR 8 TIMES THE FACE VALUE.

The Issue has been made through the 100% Book Building Process wherein atleast 60% of the Net Issue shall be allocated to QIBs, of which 30% shall be available for allocation on a discretionary basis to Anchor Investors at the Anchor Investor Issue Price. Out of the net QIB Portion (QIB Portion less allocation to Anchor Investors), atleast 5% shall be availablefor allocation to Mutual Funds only and the remainder shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid bids being received at or above the Issue Price. Further, upto 10% of the Net Issue shall be available for allocation on a proportionate basis to Non Institutional Bidders and upto 30% of the Net Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid bids being received at or above the Issue Price.

The Issue received 118,634 applications for 1,120,267,715 Equity Shares resulting in 69.80 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investors categories and Employees are as under: (Before technical rejections)

Category No. of Applications No. of Shares Amount Rs. No. of times subscription
A Public (including Retail Individual Bidders and Non-Institutional Bidders) 118261 491211475 39298133225 78.08
B Qualified Institutional Bidders (Excluding Anchor Investors) 137 619726160 5037308160 93.82
C Employees 229 187520 15001600 0.58
D Anchor Investors 7 9142560 264046400 3.23
Total 118634 1120267715 44614489385 69.80

Final Demand
A summary of the final demand as per the BSE and the NSE as on the Bid/ Issue Closing Date at different bids is as detailed hereunder:

Bid Price No. of Shares % to total Cumulative Total Cumulative % of Total
75 223440 0.02 1140978240 100.00
76 7040 0.00 1140754800 99.98
77 6720 0.00 1140747760 99.98
78 95440 0.01 1140741040 99.98
79 2800 0.00 1140645600 99.97
80 1140642800 99.97 1140642800 99.97

The Basis of Allocation was finalized in consultation with the Designated Stock Exchange, being the Bombay Stock Exchange Limited ("BSE") on March 22,2010.

A. Employees
The Basis of A llocation to the employees of the DQ Entertainment (International) Ltd, who have bid at cut-off or at the Issue Price of Rs.80/- per Equity Share, was finalized in consultation with BSE. The total number of shares allotted in this category is 172,960 at a price of Rs. 73/- per Equity Share in terms of the Prospecuts. The unsubscribed portion of 148,051 equity shares has been added back to the Net Issue.

B. Allocation to Retail Individual Investors (After Technical Rejections)
The Basis of Allocation to the Retail Individual Bidders, who have bid at cut-off or at the Issue Price of Rs.80/- per Equity Share, was finalized in consultation with BSE. This category has been over-subscribed to the extent of 18.86 times. Of the total applications received in the category, 116,692 applications for 89,874,195 Equity Shares were found valid and they were considered for allotment. The total number of Equity Shares allotted in Retail Individual Bidders category is 4,762,560 (including 44,460 Equity Shares being 30% of the unsubscribed portion of the Employee Reservation Portion) to 59,532 applicants. The category-wise details of the Basis of Allocation are as under:

Category No. Of Applications % to total Total No. of Equity Shares applied % of total No. of Equity Shares allocated Ratio Total No. of Equity Shares allocated
80 19046 16.32 1523680 1.70 80 3:56 81600
160 9489 8.13 1518240 1.69 80 5:47 80720
240 5726 4.91 1374240 1.53 80 4:25 73280
320 3805 3.26 1217600 1.35 80 3:14 65200
400 3929 3.37 1571600 1.75 80 4:15 83840
480 1673 1.43 803040 0.89 80 5:16 41840
560 4372 3.75 2448320 2.72 80 15:41 128000
640 2675 2.29 1712000 1.91 80 17:40 90960
720 709 0.61 510480 0.57 80 19:40 26960
800 1825 1.56 1460000 1.62 80 8:15 77840
880 442 0.38 388960 0.43 80 23:40 20320
960 630 0.54 604800 0.67 80 5:8 31520
1040 433 0.37 450320 0.50 80 11:16 23840
1120 524 0.45 586880 0.65 80 3:4 31440
1200 61414 52.63 73696800 82.01 80 31:39 3905200

C. Allocation to Non Institutional Investors (After Technical Rejections)
The Basis of Allocation to the Non-Institutional Investors, who have bid at the Issue Price of Rs.80/- per Equity Share, was finalized in consultation with BSE. This category has been over-subscribed to the extent of 250.80 times. 204 applications for 400,658,240 Equity Shares were found valid and they were considered for allotment. The total number of Equity Shares allotted in this category is 1,587,460 (including 14,760 Equity Shares being 10% of the unsubscribed portion of the Employee Reservation Portion) to 169 successful applicants. The category-wise details of the Basis of Allocation (sample) are as under:

Category No. of Applications % to total Total No. of Equity Shares applied % of total No. of Equity Shares allocated Ratio Total No. of Equity Shares allocated
1280 12 5.88 15360 0.00 80 1 :12 80
2560 3 1.47 7680 0.00 80 1:3 80
4800 2 0.98 9600 0.00 80 1 :2 80
25040 1 0.49 25040 0.01 100 FIRM 100
50000 1 0.49 50000 0.01 199 FIRM 199
125040 2 0.98 250080 0.06 499 FIRM 998
300000 1 0.49 300000 0.08 1196 FIRM 1196
2500000 3 1.47 7500000 1.88 9968 FIRM 29904
12896080 5 2.45 64480400 16.20 51382 FIRM 256910
13217120 1 0.49 13217120 3.32 52657 FIRM 52657

D. Allocation to QIBs (excluding Anchor Investor Portion)
A total of 6,694,171 Equity Shares were allocated to QIBs has been done on a proportionate basis in consultation with BSE (including 88,831 equity shares being 60% of the unsubscribed portion of the Employee Reservation Portion were added to the QIB category). In accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 Mutual Funds were initially allotted 5% of the QIB Portion (excluding Anchor Investor Portion) i.e. 334,709 Equity Shares. The balance QIB portion, being 6,359,462 Equity Shares, was allocated on a proportionate basis to all QIBs including Mutual Funds.

Category Fls/Banks Flls MFs ICs VCs/FVCIs Total
No. of Equity Shares allocated 1188085 3875251 1260397 44919 325519 6694171

E. Anchor Investors
The Company allocated 2,830,860 Equity Shares to 7 Anchor Investors on a discretionary basis in consultation with the Book Running Lead Manager.
The IPO Committee of the Board of Directors of the Company at its Meeting held at Hyderabad on March 23,2010 has approved the basis of allocation of Equity Shares of the Issue and has accordingly allotted the Equity Shares to all the successful Bidders.

The CAN-cum-Refund Orders and allotment advice and/ or notices have been dispatched to the address of the Bidders as registered with the depositories on or prior to March 25,2010. Further, the instructions to Self Certified Syndicate Banks for unblocking of ASBA accounts have been dispatched on March 23,2010. In case the same is not received within 10 days, investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Account details as registered, if any, with the depositories. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has filed an application for listing with Bombay Stock Exchange Limited on 25th March, 2010.

INVESTORS PLEASE NOTE
This details of the allocation made are hosted on the website of Registrar to the Issue, Karvy Computershare Private Limited at http://karisma.karvy.com

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicant, serial number of the Bid-cum-Application Form, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:

Karvy Computershare Private Limited
Unit: DQ Entertainment (International) Limited
Plot No. 17 to24, Vithalrao Nagar, Hitech City Road, Madhapur
Hyderabad - 500081, Fax: 040-23420814
Email: einward.ris@karvy.com

TOLL FREE - HELPLINE NUMBER
1-800-3454001

Place: Hyderabad
Date : March 25,2010
For DQ Entertainment (International) Limited
Sd/-
Anita Sunil Shankar
Company Secretary

DQ Entertainment IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in DQ Entertainment IPO?

    Check the basis of allotment document above to know about how the shares are allocated in DQ Entertainment IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).
  2. 2. What is DQ Entertainment IPO basis of allotment status?

    The DQ Entertainment IPO basis of allotment (published above) tells you how shares are allocated to you in DQ Entertainment IPO and category wise demand of IPO share.

    Visit the DQ Entertainment IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is DQ Entertainment IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in DQ Entertainment IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

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