Business

Dreamfolks Services Gets Great Listing In The Stock Market With A Premium Of 56%

Airport services aggregator platform Dreamfox Services Limited’s IPO has got a great listing in the stock market. The stock is listed on the National Stock Exchange (NSE) with a premium of 56% at Rs 508 per share. At the same time, the company’s shares are listed on the Bombay Stock Exchange (BSE) with a premium of 55% at Rs 505 per share. The issue price of the company’s shares was Rs 326 per share. The IPO of Dreamfox was open for subscription from August 24 to August 26. Dreamfox Services had raised Rs 253 crore from anchor investors. Let us tell you that it is the largest airport service aggregator in the country.

DreamFox Services IPO subscribed 56.68 times

It was subscribed 56.68 times on the last day of DreamFox Services’ IPO issue. In this, the share of Qualified Institutional Buyers (QIBs) was 70.53 times while that of Retail Individual Investors (RIIs) was 43.66 times. At the same time, the share of non-institutional investors (NIIs) was filled 43.66 times.

Company raised Rs 253 crore from anchor investors

Dream Fox Services had raised Rs 253 crore from anchor investors. Anchor investors of the company include BNP Paribas Arbitrage, Saint Capital Fund, Segantii India Mauritius, Kuber India Fund, Small Cap World Fund Inc., Aditya Birla Sun Life Mutual Fund, Sundaram Mutual Fund, Quant Mutual Fund, and PNB MetLife India Insurance Company Limited. .

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