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On Day 2 of subscription, there is a robust demand for Dreamfolks' IPO

According to information available from the National Stock Exchange, the Dreamfolks IPO received bids for 1,85,76,916 shares on Day 1 compared to the 94,83,302 shares that were being offered.

August 25, 2022 3:48 IST | India Infoline News Service
 By August 25, 2022, the public offering has received applications in the retail category of 16.92 times, the QIB category 0.57 times, and the NII category 5.59 times.

9,483,302 equity shares will be 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.

The IPO for Dreamfolks Services began on August 24, 2022, and will end on August 26, 2022. The IPO bid period for Dreamfolks Services are run from August 24, 2022, at 10:00 A.M., until August 26, 2022, at 5:00 P.M. The UPI Mandate confirmation deadline is 12 PM on the day after the issue's closing day.

Theminimum  IPO lot size for Dreamfolks Services is 46 shares. An individual retail investor may submit an application for up to 13 lots (598 shares, or 194,948).

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