DreamFolks Services IPO: Latest GMP, subscription status, allotment date- All you need to know

DreamFolks Services IPO is open for subscription today. Here is all you need to know about the latest GMP, subscription status, share allotment date, and more.

Here is all you need to know about the DreamFolks Services IPO. (DreamFolks Services website)

DreamFolks Services IPO: The initial public offer (IPO) of DreamFolks Services Ltd is open for subscription and today, August 25 is the second day of the bidding process. The public 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 fully subscribed on day one of bidding. While people who are planning or thinking of subscribing to the DreamFolks Services IPO can know that according to market observers, DreamFolks IPO grey market premium (GMP) today is Rs. 83. "According to market observers, after strong response by retail investors to the public issue, DreamFolks IPO grey market premium (GMP) surged from ₹60 to ₹83 in just one day," a report by Live Mint said.

DreamFolks Services IPO: Subscription status

Coming to the 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.

DreamFolks Services IPO: Share allotment date

Investors who are subscribing for the issue can know that the allotment status is likely to be finalised on September 1, 2022. While, 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.

About the DreamFolks Services IPO

The DreamFolks Services IPO is available for bidding at a price band of Rs. 308 to Rs. 326 per equity share. The issue is 100 percent offer for sale (OFS) in nature.

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.