Dreamfolks Services share allotment date: 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.
Dreamfolks Services Limited co-operates in an industry which has no listed peer.
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.
As the issue has seen overwhelming subscription, here is the full timeline of the IPO.
Dreamfolks Services IPO subscription open date: August 24, 2022
Dreamfolks Services IPO subscription close date: August 26, 2022
Dreamfolks Services IPO allotment date: Sept 1, 2022
Dreamfolks Services IPO refund initiation: Sept 2, 2022
Dreamfolks Services IPO allotment finalisation: Sept 5, 2022
Dreamfolks Services IPO listing on exchanges: Sept 6, 2022.
Those who have applied for the public issue can check share allotment status by two ways—One on the BSE website or through registrar to the IPO, which is Link Intime India Private Limited
How to check Dreamfolks Services IPO Share Allotment Status on BSE
Step 1: Go to https://www.bseindia.com/investors/appli_check.aspx.
Step 2: Select ‘equity’ option and then issue name – ‘Dreamfolks Services IPO’ from the dropdown
Step 3: Enter your application number and PAN card number.
Step 4: Check ‘I am not a robot’ and hit submit to know the status.
Dreamfolks Services IPO Share Allotment Status Check on Link Intime India Private Limited
Sep 1: Go to https://www.linkintime.co.in/MIPO/Ipoallotment.html
Step2: On this page enter the issue name, which is Dreamfolks Services IPO, once activated
Step 3: Enter Pan Card details
Step 4: Proceed to the next step and enter the application number and finally client ID
Step5: After filling all the boxes with the right details, hit submit to know the allotments status.
Earlier, 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 a 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.