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DQ Entertainment Pre-IPO Placement Raises Rs.256.9M

Hyderabad based animation firm DQ Entertainment India is on its way to being listed on the BSE: it has has ended a pre-placement IPO round and raised Rs. 256.9 million by selling 3,772,771 equity shares priced at Rs. 10. The shares represented around 5.97% of the company’s issued capital. Its parent company DQE is already listed on London’s AIM exchange.

In October 2009, DQ Entertainment had announced intent to go public with an initial public offering of 1.98 crore equity shares of Rs. 10 each. IDFC Investment Advisors Ltd, as well as unnamed corporate and high net worth individuals have shown interest in the stock. In December 2009, IDFC AMC, the investment management subsidiary for India Development Fund, managed average assets of more than Rs. 250 billion under management.

DQE employs 2,800 and partners with 90 producers. It has a library of over 350 hours of international programs for distribution, including Little Nick, The Jungle Book (for which the company recently signed broadcasting deals in Singapore, Israel, Germany and France) , Fan Boy and Chum Chum, The Penguins of Madagascar, Maryoku Yummy – Season 1. For a longer list of various projects under production at DQ Entertainment, read this earlier post.

Here is a video clip of The Mysteries of Feluda, one of DQ Entertainment’s original productions:

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