The IPO received bids for 14.61 crore equity shares against 94.83 lakh shares on offer, as per NSE data
Airport service aggregator DreamFolks Services initial public offering (IPO) on its third and final day of the offer saw 15.4 times subscription.
The IPO received bids for 14.61 crore equity shares against 94.83 lakh shares on offer, as per NSE data.
The quota for retail investors (RIIs) has been subscribed 31.4 times, the non-institutional investors portion has been subscribed 21.7 times and the portion for qualified institutional buyers seven times.
The IPO got fully subscribed within hours of opening on Wednesday ending the day with 1.96 times subscription.
The issue, entirely an offer for sale, is sized at Rs 562 crore at the upper end of the price band of Rs 308-326 a share.
DreamFolks started off operations in 2013 by facilitating lounge access services for consumers of Mastercard and now provides services to all card networks operating in India including Visa, Mastercard, Diners/Discover and RuPay.
Apart from lounge services, it also provides other airport related services such as food and beverages, spa, and pick-up-and-drop service.