DreamFolks Services IPO: Latest GMP, Subscription Status, Assignment Date – Everything You Need to Know

DreamFolks Services IPO is open for registration today. Here’s everything you need to know about the latest GMP, subscription status, share assignment date, and more.

DreamFolks Services IPO: The first public offering (IPO) of DreamFolks Services Ltd is open for registration and today, August 25th, is the second day of the bidding process. The public issue will open for subscription on Wednesday, August 24 and close on Friday, August 26, 2022. It may be known that the Rs. 562.10 crore IPO was fully subscribed on the first day of bidding. While people who are planning or thinking about subscribing to the DreamFolks Services IPO should know that according to market observers, DreamFolks IPO gray market premium (GMP) today is Rs. 83. “According to market observers, the DreamFolks IPO gray market premium (GMP) rose from ₹60 to ₹83 in just one day after a strong private investor reaction to the public issuance,” according to a report from Live Mint.

DreamFolks Services IPO: Subscription Status

When the issue reached subscription status, the issuance on Day 1 received a strong response from retail investors. The portion reserved for retail investors was subscribed 7.93 times, followed by non-institutional investors (NIIs) at 1.39 times and Qualified Institutional Buyers (QIBs) at 0.25 times.

DreamFolks Services IPO: Share Assignment Date

Investors subscribing to the issue should note that the allotment status is likely to close on September 1, 2022. While the company’s shares are expected to list on the BSE and NSE exchanges on September 6, 2022. the allotment status is finalized, subscribers can check the allotment status online by visiting the official website of BSE and the registrar of the issuance – Link Intime India Private Ltd.

About the DreamFolks Services IPO

The DreamFolks Services IPO is available to bid at a price range of Rs. 308 to Rs. 326 per share of stock. The problem is 100 percent offer for sale (OFS) in nature.

DreamFolks Services IPO: Checking Share Allocation Status via BSE

Step 1:

Visit the official website of BSE or click on the direct link provided here: https://www.bseindia.com/investors/appli_check.aspx.

Step 2:

Select DreamFolks Services IPO from the menu. The name of the company will not be available for selection until the announcement of the assignment status.

Step 3:

Enter your application number assigned for the DreamFolks Services IPO.

Step 4:

Then enter your Permanent Account Number (PAN Card Number).

Step 5:

Click on ‘I am not a robot’ and confirm the captcha.

Step 6:

Finally, click on the ‘Send’ button. You can see the DreamFolks Services IPO assignment status on the screen.