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HomeBusinessDreamFolks Services IPO: Bumper listing of DreamFolks Services IPO likely on Tuesday

DreamFolks Services IPO: Bumper listing of DreamFolks Services IPO likely on Tuesday

DreamFolks Services IPO Listing: The IPO of airport service aggregator platform DreamFolks Services will be listed on the stock exchange on Tuesday, September 6, 2022. If the IPO has received excellent response from investors, then it is believed that the listing can be great. If the great market price is to be believed, then investors investing in IPO on listing are likely to get great returns. The IPO saw huge enthusiasm from institutional to retail investors. Let us tell you that after the IPO of Syrma SGS Tech in the last three months, this is the IPO of another company which is going to be listed in the market.

How much is GMP running
If we consider the gray market, then the listing of DreamFolks Services IPO can be great. In the gray market, the IPO is trading at a premium of 30 to 40 per cent. 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 426 to 456.

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.

What is the price band of IPO
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. The shares have been transferred to the demat account of the successful shareholders.

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