Another opportunity has come for those investing in IPO. The IPO of Dreamfolks Services Limited, an aggregator platform associated with airport services, will open on Wednesday. The company has announced the price band for this IPO on Monday.
The price band for this IPO has been fixed at Rs 308-326 per share. Dreamfolk IPO will open on 24th August and it will close on 26th August. At the same time, the bidding for anchor investors will open on 23 August. Dreamfolk Services Limited provides services like Food, Spa and Lounge at the airport. This is the second IPO in almost three months.
This IPO is purely in the form of Offer of Sale (OFS). The promoters of the company Liberta will sell 1.72 crore equity shares by Peter Kallat, Dinesh Nagpal and Mukesh Yadav. In this IPO, one lot will be of 46 shares. Subscriber is required to buy at least one lot. After this, it can be invested in multiples. Equirus Capital and Motilal Oswal Investment Advisors have been appointed as the book running lead managers for the IPO. In an IPO, the company can allocate up to 60 per cent of the QIB (qualified institutional buyer) share to anchor investors.
Share of this Services is trading at a premium in the gray market. The stock appeared to be trading at a premium of Rs 85 in the gray market. Thus, in terms of upper price band of Rs 326, the stock may get listed at a premium of 25 per cent.
Listing Date
The shares allotted under the Dreamfolks Services IPO can be transferred to the demat account of the investors on September 5. Apart from this, the company’s shares can be listed in the market on 6 September.
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