DreamFolks Services IPO: Last day to subscribe; know latest GMP and other details here

tech.hindustantimes.com:

DreamFolks Services IPO: Investors who are waiting to subscribe for the initial public offer (IPO) of DreamFolks Services Ltd should know that today is the last day for the same. The issue opened for subscription on Wednesday, August 24 and will close on Friday, August 26, 2022. It can be known that the Rs. 562.10 crore IPO got subscribed 6.09 times after two days of the bidding process. Coming to the grey market premium (GMP), according to market observers, DreamFolks IPO GMP today is Rs. 88. "Market observers said that DreamFolks IPO GMP (grey market premium) today is Rs. 88, which is Rs. 5 higher from its Thursday's GMP of Rs. 83," a report by Live Mint said.

On day 1, the issue 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.

While on the second day, 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.

Once the bidding process ends, investors will be eagerly waiting for the finalisation of the share allotment status which is likely to happen on September 1, 2022. Also, 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.

Visit the official website of BSE or click on the direct link given here—