DreamFolks Services initial public offering was subscribed 56.68 times on the last day of the offering

 

DreamFolks Services public offering was subscribed 56.68 times on the last day of the offering

The IPO was entirely an offer for sale (OFS) of 1,72,42,368 shares.

New Delhi:

The initial public offering (IPO) of airport services aggregator DreamFolks Services was subscribed 56.68 times on the last subscription day on Friday.

The IPO received bids for 53,74,97,212 shares against 94,83,302 shares on offer, according to data available from the NSE.

The share intended for Qualified Institutional Buyers (QIBs) received 70.53 times the subscription, the Retail Individual Investors (RIIs) category was subscribed 43.66 times and non-institutional investors 37.66 times.

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The IPO was entirely an offer for sale (OFS) of 1,72,42,368 shares.

The offer price was between 308 and 326 rupees per share.

On Tuesday, DreamFolks Services had raised Rs 253 crore from anchor investors.

It facilitates consumer access to airport-related services such as lounges, food and beverage, spa, airport meet and assist transfer, transit hotels or conference room. siesta and luggage transfer services.

Equirus Capital and Motilal Oswal Investment Advisors acted as managers of the offering.

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