DreamFolks Services IPO: Here’s how you can check the allotment status

• DreamFolks Services is likely to announce its share allotment status today.
• The public issue of the airport services aggregator received robust demand and was subscribed 56.68 times.
• The IPO will be listed on September 6 on exchanges.

DreamFolks Services, an airport service aggregator, is likely to announce the allotment status of its initial public offering (IPO) today, September 1.

The IPO opened for subscription from August 24 to August 26. It received bids for 53.74 crore equity shares as against 94.83 lakh shares on offer.

The company’s IPO received strong demand across the category of investors and it is one of the highest subscribed IPOs so far, in 2022.

The IPO received robust demand from institutional investors as it was subscribed for 70.53 times the number of shares offered in the three days of IPO bidding process. Demand from retail investors was also very high as it was subscribed 43.66 times.

Moreover, the grey market premium of the company’s shares has been increasing continuously, showing a premium of ₹105 from the higher end of the price band of ₹326.

The IPO is a complete offer for sale by promoters and will raise ₹560 crore with a price band of ₹308-₹326 per share.

Here is how to DreamFolks Services IPO allotment status on stock exchange website:

• Go to the BSE website or NSE website here.
• On BSE, Select 'Equity' and then from the dropdown, select ‘DreamFolks Services’.
• Now, enter your application number and PAN.
• Click on 'Search'.
• Please note the details will only be available once the shares are allotted.

You can also visit the registrar website (Link Intime India) to check your application status.

• Visit the registrar's website here.
• Click on 'Select company' and click on ‘DreamFolks Services’.
• Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
• Enter the captcha and click ’submit’.

Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.


SEE ALSO: This multi-cap fund has survived the worst market cycles and yet delivered the highest returns
est travel packages for Indians traveling to Doha for FIFA World Cup 2022