Dreamfolks' offer for sale subscribed 57 times on issue concluding day

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

The initial public offering (IPO) of Dreamfolks Services was subscribed 57 times on Friday, the concluding day of the issue. The institutional investor portion was subscribed 70.5 times, the wealthy investor portion by 37.6 times, and the retail investor portion by 43.6 times. On Tuesday, the company had raised Rs 253 crore through the anchor allotment process and allotted 7.8 million shares to 18 anchor investors. The price band for the issue was Rs 308-326 per share. At the top-end, Dreamfolks will be valued at Rs 1,703 crore. The company’s IPO is entirely an offer for sale by existing shareholders.