NEW DELHI: Airport services aggregator DreamFolks received good response from investors in the first 2 days of subscription.
The initial public offer (IPO) of the company opened for public subscription on August 24 and is scheduled to end today.
Till 1 pm on Friday, the IPO was subscribed 13.09 times. In grey market, investor sound extremely bullish on the stock. According to reports, the share is available at a premium of Rs 88 in grey market today. The bullish trend also comes on back of strong demand from retail investors.
The quota for retail individual investors (RIIs) was subscribed 29.71 times, the category meant for non-institutional investors 19.65 times and qualified institutional buyers (QIBs) 4.17 times.
The IPO of DreamFolks Services got fully subscribed within hours of opening on Wednesday -- the first day of subscription -- and ended the day with 1.96 times subscription.
The IPO is entirely an offer-for-sale (OFS) of 1,72,42,368 equity shares.
Price range for the offer is at Rs 308-326 a share.
Earlier this week, DreamFolks Services had raised Rs 253 crore from anchor investors.
(With inputs from agencies)
