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You are at:Home»Business»Dreamfolks Services IPO listing price: Strong debut expected! Shares likley to list in THIS range on exchanges, says Anil Singhvi
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Dreamfolks Services IPO listing price: Strong debut expected! Shares likley to list in THIS range on exchanges, says Anil Singhvi

By September 6, 2022No Comments2 Mins Read
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Dreamfolks Services IPO listing price: Dreamfolks Services share allotment date: Shares of Dreamfolks Services will be listed on the National Stock Exchange (NSE)and BSE on Monday. The initial public offering (IPO) of Dreamfolks Services, an airport service aggregator platform, was subscribed 56.68 times on the final day of opening of the issue on Friday. Qualified Institutional Buyers (QIBs) led the subscription with 70.53 times bidding, while Retail Individual Investors (RIIs) subscribed the issue 43.66 times and the Non-Institutional Investors (NIIs) quota was filled over 37.66 times.   

Meanwhile, ahead of the listing, Zee Business Managing Editor Anil Singhvi said the issue will be listed at a good premium. He said the shares are expected to list in Rs 475-500 range against issue price of Rs 326.  

Short term Investors can keep stoploss of Rs 450, the market guru has recommended.  

Speaking of listing, Aayush Agrawal, Senior Research Analyst, Swastika Investmart Ltd, said DreamFolks Ltd. is a proxy play on the rising air travel in India and due to its first mover advantage and dominant position in the lounge access market, the company is poised to grow exponentially in the future.  

“The issue had received a phenomenal response from investors and the subscription levels stood at 56.68 times. A promising and strong listing is on the cards.” 

The company had set aside an amount of Rs 421.58% or 75% of the overall issue size of Rs 562.10 crore for Qualified Institutional Buyers (QIBs). Besides, Rs 84.32 crore or 15% of the total shares were earmarked for NIBs. Likewise, the company has kept shares worth Rs 56.21 crore or 10% for retail investors.        

The airport Service aggregator had raised Rs 253 crore from anchor investors ahead of its initial share-sale. Societe Generale, BNP Paribas Arbitrage, Saint Capital Fund, Segantii India Mauritius, Kuber India Fund, Smallcap World Fund, Inc, Aditya Birla Sun Life Mutual Fund, Sundaram Mutual Fund, Quant Mutual Fund and PNB Metlife India Insurance Company Limited were among the anchor investors.     

As per the regulatory filing, the company has decided to allot 7.76 crore shares to anchor investors at a price of Rs 326 apiece, aggregating the transaction size to Rs 253 crore.  



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