DreamFolks Services IPO: Last day to subscribe; know latest GMP and other details here

Today is the last day to subscribe for the DreamFolks Services IPO. Check latest GMP, other details here.

DreamFolks Services IPO: From latest GMP to share allotment status, here is all you need to know. (DreamFolks Services Website)

DreamFolks Services IPO: Investors who are waiting to subscribe for the initial public offer (IPO) of DreamFolks Services Ltd should know that today is the last day for the same. The issue opened for subscription on Wednesday, August 24 and will close on Friday, August 26, 2022. It can be known that the Rs. 562.10 crore IPO got subscribed 6.09 times after two days of the bidding process. Coming to the grey market premium (GMP), according to market observers, DreamFolks IPO GMP today is Rs. 88. "Market observers said that DreamFolks IPO GMP (grey market premium) today is Rs. 88, which is Rs. 5 higher from its Thursday's GMP of Rs. 83," a report by Live Mint said.

DreamFolks Services IPO: Subscription status

On day 1, the issue received strong response from the retail investors. The portion reserved for the retail investors got subscribed 7.93 times followed by Non Institutional Investors (NIIs) with 1.39 times and Qualified Institutional Buyers (QIBs) with 0.25 times.

While on the second day, the portion reserved for the retail investors got subscribed 19.10 times followed by Non Institutional Investors (NIIs) with 8.40 times and Qualified Institutional Buyers (QIBs) with 0.60 times.

DreamFolks Services IPO: Share allotment date

Once the bidding process ends, investors will be eagerly waiting for the finalisation of the share allotment status which is likely to happen on September 1, 2022. Also, the shares of the company are expected to list on the stock exchanges- BSE and NSE on September 6, 2022. Once the allotment status is finalised, subscribers will be able to check the allotment status online by visiting the official website of BSE and the registrar of the issue- Link Intime India Private Ltd.

DreamFolks Services IPO: How to check share allotment status via BSE

Step 1:

Visit the official website of BSE or click on the direct link given here— https://www.bseindia.com/investors/appli_check.aspx.

Step 2:

Select DreamFolks Services IPO in the menu. The name of the company will be available for selection only after the announcement of the allotment status.

Step 3:

Enter your application number allotted for DreamFolks Services IPO.

Step 4:

Then enter your Permanent Account Number (PAN card number).

Step 5:

Click at 'I'm not a robot' and confirm the captcha.

Step 6:

At last click at the 'Submit' button. You will be able to see the DreamFolks Services IPO allotment status displayed on the screen.