DreamFolks IPO GMP today; know share allotment date, other details too
The initial public offer (IPO) of DreamFolks Services Ltd has been subscribed 56.68 times by the last day of the bidding process that is August 26, 2022. It can be known that the three-day, Rs. 562.10 crore DreamFolks IPO opened on Wednesday, August 24. Coming to the grey market premium (GMP), then know that DreamFolks Services IPO is being quoted at a premium of Rs. 103, as per market observers, according to a report by Live Mint. Now, subscribers are eagerly waiting for the finalisation of DreamFolks Services IPO share allotment status, which is likely to happen on September 1, 2022.
The shares of the company are expected to list on the stock exchanges- BSE and NSE- on September 6, 2022. Once the allotment status is finalised, subscribers will be able to check the allotment status online by visiting the official website of BSE and the registrar of the issue- Link Intime India Private Ltd. Before, we tell you the process of checking the share allotment status you can check the subscription details below:
On the first day of the bidding process, the DreamFolks Services IPO received strong response from the retail investors. The portion reserved for the retail investors got subscribed 7.93 times followed by Non Institutional Investors (NIIs) with 1.39 times and Qualified Institutional Buyers (QIBs) with 0.25 times.
On day 2, the portion reserved for the retail investors got subscribed 19.10 times followed by Non Institutional Investors (NIIs) with 8.40 times and Qualified Institutional Buyers (QIBs) with 0.60 times.
While on the final day, the portion reserved for the retail investors got subscribed 43.66 times followed by Non Institutional Investors (NIIs) with 37.66 times and Qualified Institutional Buyers (QIBs) with 70.53
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