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DreamFolks' IPO subscribed 1.96x on Day 1, retail portion booked 8x

The institutional investor portion was subscribed 0.25x. The wealthy investor portion by 1.39x, and retail investor by 8x. Overall, the IPO was subscribed 1.96x

DreamFolks
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Photo: Kamlesh Pednekar

Sundar Sethuraman
The initial public offering (IPO) of DreamFolks Services was fully subscribed on Wednesday. 

The institutional investor portion was subscribed 0.25x. The wealthy investor portion by 1.39x, and retail investor by 8x. Overall, the IPO was subscribed 1.96x.

On Tuesday, the company raised Rs 253 crore through anchor allotment. The company allotted 7.75 million shares to 18 anchor investors.

The IPO will close on Friday.

The price band for the issue is Rs 308-326 per share. At the upper end, DreamFolks will be valued at Rs 1,703 crore.

The company’s IPO is entirely an offer for sale by existing shareholders.

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First Published: Aug 25 2022 | 12:24 AM IST

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