DQ Entertainment ends 36% up on debut

MUMBAI: Shares of DQ Entertainment pared some early gain but still ended at 36 per cent premium to issue price of Rs 80 per share on debut. The scrip settled at Rs 108.55 after hitting a high of Rs 140 on the BSE.

DQ Entertainment had a stellar listing and opened at Rs 135 per share, premium of Rs 55 or 69 per cent to the issue price.The huge demand during the time of public offer (the issue was subscribed around 86 times) saw the stock surge to Rs 140 in early trade.

The company is one of the producers in animation, game art and entertainment content, in Indian as well as global media industry. DQE has forayed in production and distribution of live action television and feature films and also creates game art for mobile, online portals and next generation consoles. The company has 10 production facilities in India and worldwide third party sales representatives.