London-listed DQ Entertainment plans IPO in India

Enthused by revival in the primary market, animation and visual effects firm DQ Entertainment, which is already listed in London, is planning to raise funds through an initial public offering in the country.

In a regulatory filing to the London Stock Exchange, DQ Entertainment Plc said, “DQE India, a wholly-owned subsidiary company in India, proposes to raise funds to meet its growth plans by way of a potential public offering in India.”

The company did not disclose the financial details of the potential offering being planned in Indian capital market. “It is intended that any funds raised by DQE India will be such that the dilution to the company’s beneficial ownership shall be no more than 25 per cent,” the filing added.

 

DQ Entertainment, an Andhra Pradesh-based animation, gaming and entertainment production and distribution group, had got listed on the Alternative Investment Market of the LSE.