DreamFolks Services

With Monday's decline, the stock corrected 35 per cent from its listing day high value of Rs 550

Thus far in calendar year 2022, Indian companies have raised over 40,000 crore from the primary markets via the IPO route, data from PRIME Database showed.

The successful listing follows a strong response to the company's maiden share sale, which had garnered nearly 57 times subscription last month

Shares of airport service aggregator DreamFolks Services ended nearly 42 per cent higher in its debut trade on Tuesday against the issue price of Rs 326. The stock was listed at Rs 505, registering a jump of 54.90 per cent from the issue price on the BSE. During the day, it rallied 68.71 per cent to Rs 550. Shares of the company ended at Rs 462.65 apiece, higher by 41.91 per cent. On the NSE, the company made its debut at Rs 508.70, a jump of 56 per cent and settled at Rs 462.85 apiece, rallying 41.97 per cent. In volume terms, 16.52 lakh shares of the company were traded on the BSE and over 2.68 crore shares on the NSE during the day. The company commanded a market valuation of Rs 2,417.35 crore. The Initial Public Offer (IPO) of DreamFolks Services was subscribed 56.68 times last month. The IPO was entirely an Offer-For-Sale (OFS) of 1,72,42,368 equity shares and was priced in the range of Rs 308-326 a share. The company facilitates consumers' access to airport-related service

DreamFolks Services made a strong stock market debut as its shares got listed at Rs 508.70, a 56 per cent premium over its issue price of Rs 326 per share on the National Stock Exchange (NSE)

Shares of DreamFolks Services listed at Rs 508.70, a 56 per cent premium when compared with the issue price of Rs 326 per share on the National Stock Exchange (NSE) on Tuesday.

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Analysts recommend traders to maintain a bullish bias and buy on dips

The firm has a market share of over 90 per cent of all credit and debit cards that offer airport lounge facilities

On Tuesday, the company raised Rs 253 crore through anchor allotment.

The Initial Public Offer (IPO) of airport service aggregator DreamFolks Services received 6.09 times subscription on the second day of the offer on Thursday. The IPO received bids for 5,77,86,948 shares against 94,83,302 shares on offer, according to data available with the NSE. The quota for Retail Individual Investors (RIIs) was subscribed 19.10 times, the category meant for non-institutional investors 8.40 times and Qualified Institutional Buyers (QIBs) 60 per cent. The IPO of DreamFolks Services got fully subscribed within hours of opening on Wednesday and ended the day with 1.96 times subscription. The initial public offer is entirely an Offer-For-Sale (OFS) of 1,72,42,368 equity shares. Price range for the offer is at 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

In the grey market, shares of Dreamfolks Services were trading at Rs 75 per share, which implies listing at Rs 401 per share against the upper price band of issue price.

The DreamFolks Services IPO saw strong demand from retail investors, with subscribtion of up to 8x the alloted quota. The HNI segment was also oversubscribed at the end of Day 1 of the offer period.

The price band has been set in the range of Rs 308 to 326 per share and will close on Friday, August 26. The public issue is entirely an offer for sale (OFS) of up to 17.24 million equity shares.

The institutional investor portion was subscribed 0.25x. The wealthy investor portion by 1.39x, and retail investor by 8x. Overall, the IPO was subscribed 1.96x