Oversubscription
DreamFolks Services IPO is open for subscription, should you Subscribe?
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.
 "DreamFolks Services IPO is open for subscription, should you Subscribe?")
DreamFolks' IPO sails through on Day 1, retail portion booked 5.4x
The Initial Public Offer (IPO) of airport service aggregator platform DreamFolks Services got fully subscribed within hours of opening for subscription on Wednesday. The IPO received bids for 1,03,46,872 shares against 94,83,302 shares on offer, translating into 1.09 times subscription, according to data available with the NSE till 1348 hours. The category for Retail Individual Investors (RIIs) received 5.39 times subscription, while non-institutional investors portion got subscribed 41 per cent. The IPO is entirely an offer-for-sale (OFS) of 1,72,42,368 equity shares and has a price range of Rs 308-326 per share. On Tuesday, DreamFolks Services 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 are the managers to the offer.
 "DreamFolks' IPO sails through on Day 1, retail portion booked 5.4x")
Oversubscription provision overshadows base issuance in recent debt offers
India Infoline had a base amount of Rs 250 crore and oversubscription portion of Rs 1,750 crore
 "Oversubscription provision overshadows base issuance in recent debt offers")
