Retail portion of the DreamFolks Services IPO subscribed 26.43 times on day three

26 Aug 2022 , 10:37 AM

The 9.84 times subscription rate for Dreamfolks Services IPO. For instance, at 11:43am  August 26, 2022, the public offering had received subscriptions in the retail category 26.43 times, the QIB category 1.37 times, and the NII category 15.71 times.

9,483,302 equity shares were issued in the public offering of Dreamfolks Services. Retail investors can purchase 1,724,236 shares, while qualifying institutional buyers can purchase 5,172,711 shares and non-institutional investors can purchase 2,586,355 shares.

In 2013, DreamFolks began offering lounge access services to Mastercard users. Today, the company offers services to users of all card networks accepted in India, including Visa, Mastercard, Diners/Discover, and RuPay. Many of India’s well-known card issuers, including ICICI Bank, Axis Bank, Kotak Mahindra Bank, HDFC Bank, and SBI Card, are served by it as well.