DreamFolks IPO Subscription Status: Final Day Subscription Status

DreamFolks IPO Subscription Status: Day 3 last day.

Over all this ipo subscription on all category very high upto 56.68 times in all category, This IPO indicate good return, Expected good income from this IPO if alloted.

Subscription Status On Day 2, 25 August 2022

The IPO has been subscribed 56.68 times as of the final day August 26, 2022.

DreamFolks services limited initial public offering (IPO) was booked 56.68 times on August 26, 2022 the 3rd day & last day of bidding, getting good support from all category, RII, QIB & NII investors, This IPO oversubscribed in all categories.

The retail individual portion has been subscribed 43.66 times. The total issue size was reduced to 94.83 lakh shares from 1.72 crore shares after the company raised Rs 253 crore through its anchor book on August 23, 2022.

Non-institutional investors have bid for 37.66 times on subscription day 3 last day of application shares set aside for them, while the qualified institutional buyers’ portion is high subscription on bidding day 3 last day ipo was booked 70.53 times.

DreamFolks Services IPO Timeline, IPO Open Date, Listing Date, Refund Date

DreamFolks Services IPO Details:

Issue Amount : Upto Rs 562 Cr.
Post Issue Implied Market Cap: ₹# crore
Total shares on offer : Upto #17,242,368 Equity Shares
Face Value : ₹2 per share
Price Band : ₹308 to ₹326
Lot Size : 46 shares
IPO Registrar : Link Intime India Pvt. Ltd.

Offer Breakup

Company All Details

The Company was originally incorporated as ‘Believe Tradelink Private Limited’, at New Delhi as a private limited company under the Companies Act, 1956 and received a certificate of incorporation issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana at Delhi (RoC) on April 24, 2008. Subsequently, pursuant to a special resolution passed by the Shareholders of our Company on May 1, 2015, our Company’s name was changed to ‘Dreamfolks Services Private Limited’, and a fresh certificate of incorporation dated June 12,2015, was issued to our Company by the RoC. Thereafter,

The Company was converted into a public limited company pursuant to a special resolution passed in the extraordinary general meeting of The Shareholders held on October 20, 2021 and the name of the Company was changed to its present name pursuant to a fresh certificate of incorporation issued by the RoC on November 23, 2021. For details of changes in the name and registered office of the Company, see “ History and Certain Corporate Matters” on page 154

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