IPO Update: DQ Entertainment Subscribed 86 Times!!

I knew it was coming, din’t i.Only a few days back, in the IPO Alert series, DQE IPO was discussed and the detailed analysis may not have been suggestive, i had a gut feeling that this IPO is going to see interest from Investors.Here’s an excerpt from the last post on DQE IPO,

Well, i am seriously considering this one.Even if the company bets on the Outsourcing model, there is enough scope in the animation sector.Moreover, these niche industry IPO’s seem to be doing quite well in the recent months.Who knows i can strike gold too :P

DQ Entertainment IPO has not disappointed at all.DQE IPO managed to get oversubscribed 86 times before closing.Not sure but this might be some sort of record for no IPO in the recent times has managed this kind of interest.

Well, now since the subscription has been over the charts, the true test of potential will only come when it lists in the secondary markets.That is when the hype gets separated from reality.Quite a few IPO’s manage to strike gold when it comes to oversubscription but lose their steam on the very first day of listing

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