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DreamFolks Services IPO: Grey market premium jumps 15% on strong demand

In the grey market, shares of Dreamfolks Services were trading at Rs 75 per share, which implies listing at Rs 401 per share against the upper price band of issue price.

Initial public offerings, IPOs, stock market, investors
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Illustration: Binay Sinha

Lovisha Darad New Delhi
The 3-day initial public offering (IPO) of Dreamfolks Services continues to do well on the second day of subscription. As of 12:00 pm, the overall issue was subscribed over 3 times, led by retail investors, non institutional investors (NIIs) and qualified institutional buyers (QIBs) with 12.09 times, 2.64 times, and 0.26 times, respectively. The issue is open till Friday, August 26.

In the grey market, shares of Dreamfolks Services were trading at Rs 75 per share, which implies listing at Rs 401 per share against the upper price band of issue price. The shares jumped over 15 per cent from

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First Published: Aug 25 2022 | 2:00 PM IST

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