DreamFolks Services IPO share allotment status online: Know date and check GMP too

tech.hindustantimes.com:

The three day bidding process for the initial public offer (IPO) of DreamFolks Services Ltd ended on August 26, 2022. The public issue was subscribed 56.68 times on the last day of its subscription on Friday. It can be known that the Rs. 562.10 crore IPO opened for subscription on Wednesday, August 24. Coming to the grey market premium (GMP), shares of DreamFolks Services are commanding a premium of Rs. 80 in the grey market today, 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.

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.

Meanwhile, it can be known that on day 1, 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 the second day of the bidding process, 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.

Here are