Dreamfolks may have a strong listing
Indian IPO Market: There is going to be a lot of movement in the IPO market next week. The issue of South India based 100 year old lender Tamilnad Mercantile Bank will open for subscription on 5th September i.e. Monday. At the same time, trading will start in the share of Dreamfolks Services on 6 September. Currently, there is a huge craze for Dreamfolks Services in the gray market. The way its issue was received by the investors and there was a strong listing of Syrma SGS in the past, the expectations of the investors have increased in view of it.
Dreamfolks Services IPO GMP
Shares of Dreamfolks Services remain in demand in the gray market; The stock is trading at a premium of Rs 100 in the gray market. Although its premium went up to Rs 105 earlier this week. If we look at the premium of Rs 100 only, then it can be listed at a premium of 30 percent against the upper price band of Rs 326.
Dreamfolks Ipo was Subscribed 57 Times
This IPO opened on 24th August and closed on 26th August. It has been subscribed 57 times overall. For shares with a face value of Rs 2, the price band was kept at Rs 308-326 per share. The lot size of the shares was 46. It has 10 per cent share reserves for retail investors, 75 per cent for QIBs and 15 per cent for HNIs.
How many bids have you received?
As per the data available on the National Stock Exchange (NSE), the IPO of Dreamfox has received bids for 53,74,97,212 shares against an offer of 94,83,302 shares.
How many bids were received from retail investors?
Let us tell you that the company’s IPO has been subscribed 70.53 times on behalf of QIB. Apart from this, 43.66 times subscription has been received from retail investors. The non-institutional investor category was subscribed 37.66 times. Apart from this, anchor investors have raised 253 crores.
Dreamfox IPO price in gray market?
Shares of Dreamfox have given strong support to investors. The company’s shares are trending at a premium in the gray market. On Wednesday also, Dreamfox share is trading at a premium of Rs 95 in the gray market.
What is the business of the company?
Dreamfox Services works on an asset-light business model. The company is involved in this business since 2008. The company Dreamfolks Services also provides food, spa and lounge facilities to the passengers at the airport. You can invest money in it from today i.e. from August 24 to August 26. The issue size of the IPO was Rs 562 crore and the company has raised Rs 253 crore from anchor investors.
