DQ Entertainment (International) Limited which had launched its IPO between the 8th of March and the 10th of March is to list on Monday. The issue was in a price band of Rs 75-80 and was for 1.60 cr shares. The issue has raised Rs 128.38 crs.

The issue had received excellent response and was subscribed 86.33 times. QIB’s subscribed 93.8 times, HNI’s a mind boggling 272 times and retail 19.44 times. The listing day would sure be interesting as the cost of HNI’s who have used leverage to apply for the issue would be paying an interest cost of Rs 77 per share. This effectively means that the breakeven level for HNI’s is at a price of between Rs 155-160 or roughly only after the share gains 100%.