DreamFolks IPO share allotment likely today; know how to check status online, GMP, and more
The share allotment status of DreamFolks Services Ltd's initial public offer (IPO) is likely to be announced today, September 1, 2022. People who have subscribed for the Rs. 562.10 crore IPO are now eagerly waiting to know if they get the shares or not. The share allotment status of DreamFolks IPO can be checked online by visiting the official website of BSE and the registrar of the IPO- Link Intime India Private Ltd. Coming to the grey market premium (GMP), it can be known that the shares of DreamFolks IPO is expected to get listed at a premium as according to market observers as it is available at a premium of Rs. 106, as per market observers, according to a report by Live Mint.
The DreamFolks Services IPO 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 DreamFolks IPO opened for subscription on Wednesday, August 24. 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 times.
The shares of the company are expected to list on the stock exchanges- BSE and NSE- on September 6, 2022. You
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