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DreamFolks Services IPO: Allotment of shares of DreamFolks Services IPO to be held on September 1

DreamFolks Services IPO: The IPO of airport service aggregator platform DreamFolks Services has received an overwhelming response from investors. There was huge enthusiasm among institutional and retail investors regarding the IPO. The IPO of DreamFolks Services has been oversubscribed a total of 56.68 times. Allotment of shares to investors is expected on September 1, 2022.

Let us tell you how you can check the allotment of shares-

Check through BSE website

BSE website (https://www.bseindia.com/investors/appli_check.aspx) has to be visited.
After clicking on this link Status of Issue Application page will open.
On this page you have to select on Equity option.
Now you have to select the name of the company (DreamFolks Services).
After that enter your application number.
Now fill the details of PAN card.
After this, verify by clicking on the I am not a robot box.
Now you will see whether you have got shares or not.

Check through registrar website
Apart from this, you can also check through the registrar company. The registrar company of DreamFolks Services is Link Intime India Private Limited. So you can check its status by clicking on its official link. You have to click on this link https://www.linkintime.co.in/IPO/public-issues.html. After clicking on this link, you have to select the name of that IPO in Dropbox. After this, you can check your status by filling the application number, client ID or PAN number of the IPO.

Great response to IPO
The IPO of DreamFolks Services has been oversubscribed 56 times in which the quota reserved for institutional investors has been filled 70.53 times, for non-institutional investors 37.66 times and for retail investors 43.66 times. The company had issued 94,83,302 shares for application in the IPO, for which applications have been received for 53,74,97,212 shares. Let us tell you that the company has raised Rs 253 crore from anchor investors. The IPO of DreamFolks Services was open from August 24 to August 26, 2022. The company has raised Rs 562 crore from the market through IPO and the price band was fixed at Rs 308 to 326 per share. It is believed that the stock may be listed on the stock exchanges on 6 September.

How much is GMP running
In the gray market, the IPO of DreamFolks Services is trading at a premium of Rs 85 to 90. That is, the stock is expected to be listed on the stock exchange around Rs 410 to 415.

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