DreamFolks Services’ Initial Public Offering Subscribed 56.68 Times On Last Day Of Offer

By | August 26, 2022

The IPO was entirely an Offer-For-Sale (OFS) of 1,72,42,368 equity shares.

New Delhi:

The Initial Public Offer (IPO) of airport service aggregator DreamFolks Services was subscribed 56.68 times on the last day of subscription on Friday.

The IPO received bids for 53,74,97,212 shares against 94,83,302 shares on offer, according to data available with the NSE.

The portion meant for Qualified Institutional Buyers (QIBs) received 70.53 times subscription, the category for Retail Individual Investors (RIIs) was subscribed 43.66 times and non-institutional investors 37.66 times.

The IPO was entirely an Offer-For-Sale (OFS) of 1,72,42,368 equity shares.

The offer was priced in the range of Rs 308-326 a share.

On Tuesday, DreamFolks Services had raised Rs 253 crore from anchor investors.

It facilitates consumers’ access to airport-related services like lounges, food and beverages, spa, meet and assist airport transfer, transit hotels or nap room, and baggage transfer services.

Equirus Capital and Motilal Oswal Investment Advisors were the managers to the offer. 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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