DreamFolks Services IPO: Latest GMP, subscription status, allotment date- All you need to know

tech.hindustantimes.com:

DreamFolks Services IPO: The initial public offer (IPO) of DreamFolks Services Ltd is open for subscription and today, August 25 is the second day of the bidding process. The public 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 fully subscribed on day one of bidding. While people who are planning or thinking of subscribing to the DreamFolks Services IPO can know that according to market observers, DreamFolks IPO grey market premium (GMP) today is Rs. 83. "According to market observers, after strong response by retail investors to the public issue, DreamFolks IPO grey market premium (GMP) surged from ₹60 to ₹83 in just one day," a report by Live Mint said.

Coming to the subscription status, 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.

Investors who are subscribing for the issue can know that the allotment status is likely to be finalised on September 1, 2022. While, 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.

The DreamFolks Services IPO is available for bidding at a price band of Rs. 308 to Rs. 326 per equity share. The issue is 100 percent offer for sale (OFS) in nature.

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