DreamFolks Services IPO share allotment likely today: Here is how to find out the status of your application.

2 Sep 2022 , 08:05 AM

Today is anticipated to see the disclosure of DreamFolks Services, the largest airport service aggregator platform in India.

By following just three simple steps, investors can monitor the status of their application on the Bombay stock exchange (BSE) website or the portal of the IPO registrar.

On the BSE website:

a) Choose “equity” as the issue type and “DreamFolks Services Ltd.” as the issue name.

b) Type “application number” or “PAN number” in the field.

c) Select the “I’m not a robot” checkbox and press the “search” button.

On the IPO registrar’s website:

a) Choose the name of the IPO: DreamFolks Services Limited – IPO

b) Choose and input the appropriate “PAN number,” “Application number,” or “DP Client ID.”

c) To find out the status of the application, ultimately click the “search” option.

Following the allotment, refunds will be issued to unsuccessful investors’ bank accounts by September 2, and qualifying investors’ demat accounts will be credited with equity shares by September 5.

On September 6, equity shares will make their official debut on the BSE and National stock exchange (NSE).

Despite instability in the equity markets, investors responded favorably to DreamFolks Services’ first public offering, clocking 56.68 times subscription during the week of August 24-26.

The amount reserved for non-institutional investors and retail investors were subscribed 37.66 and 43.66 times, respectively, while qualified institutional investors gave the offering the most support, submitting bids that were 70.53 times the permitted quota.

Since the promoters made the complete offer for sale, the selling shareholders will receive the remaining Rs562.1 crore once the issue charges are deducted.

The offering price was set at the higher end of the 308—326 rupee per share price range.