Latest News | DreamFolks IPO Subscribed 56.68 Times on Last Day of Offer

New Delhi, Aug 26 (PTI) The Initial Public Offer (IPO) of airport service aggregator DreamFolks Services was subscribed 56.68 times on the last day of subscription on Friday.

The IPO received bids for 53,74,97,212 shares against 94,83,302 shares on offer, according to data available with the NSE.

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The portion meant for Qualified Institutional Buyers (QIBs) received 70.53 times subscription, the category for Retail Individual Investors (RIIs) was subscribed 43.66 times and non-institutional investors 37.66 times.

The IPO was entirely an Offer-For-Sale (OFS) of 1,72,42,368 equity shares.

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The offer was priced in the range of Rs 308-326 a share.

On Tuesday, DreamFolks Services had raised Rs 253 crore from anchor investors.

It facilitates consumers' access to airport-related services like lounges, food and beverages, spa, meet and assist airport transfer, transit hotels or nap room, and baggage transfer services.

Equirus Capital and Motilal Oswal Investment Advisors were the managers to the offer.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)