Animation and entertainment production house DQ Entertainment International Ltd today said its initial public offer (IPO) of 1.60 crore equity shares will open on March 8, 2010.

The public issue closes on March 10, DQE said in a public announcement.

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Last month, the company had said it has raised Rs 25.69 crore through a pre-IPO placement of equity shares with IDFC Investment Advisors (IDFC) and other corporate & High Networth Individuals.

IDFC was allotted equity shares of Rs 20 crore under its IDFC Hybrid Infrastructure portfolio.

Equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange. The IPO is based on a 100 per cent book-building process.

SBI Capital Markets is the sole book running lead manager to the issue.

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