 "IPO")
Shares of Dreamfolks Services, a company engaged in providing airport lounge services, ended 42 per cent above its initial public offer (IPO) price during its stock market debut on Tuesday. The stock climbed as much as 69 per cent, to Rs 550 versus its issue price of Rs 326, before giving up some gains. At the last closing price, Dreamfolks’ market capitalisation stood at Rs 2,417 crore, up Rs 1,703 crore, assigned in the IPO.
The successful listing follows a strong response to the company’s maiden share sale, which had garnered nearly 57 times subscription last month. The institutional
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