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

The issue, which is solely a selling offer, has a size of Rs562 crore at the higher end of the Rs308-326 per share price range.

August 26, 2022 10:37 IST | India Infoline News Service

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.

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