The Rs 562 crore IPO of DreamFolks Services, which has been subscribed 56.68 times, is expected to finalize the attribution basis on Thursday, September 1. It was the second company in more than two months to hit the market with an IPO, following Syrma SGS Technology’s IPO last week. The IPO was sold in the range of Rs 308-326 per share, and it received a strong response from all categories of investors. The share reserved for qualified institutional buyers (QIB) was subscribed 70.53 times, while the share reserved for non-institutional investors (NII) and traders was subscribed 37.66 times and 43.66 times respectively.
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How to Check DreamFolks IPO Share Allocation Status
The shares are expected to list on the BSE and NSE on September 6, 2022. Initiation of redemptions or release of funds from the ASBA account will take place on September 2, and the shares will be credited to the beneficiaries’ demat account on September 5. 2022. On the gray market, DreamFolks Services IPO shares were seen trading at a premium of Rs 115 to the IPO price of Rs 326 each, according to people who trade non-shares. listed companies. IPO investors can check IPO award status through the BSE and Registrar websites. The registrar of the issue is Link Intime India Private Ltd, a SEBI registered entity responsible for allocating the IPO and processing refunds.
Check the allocation status of DreamFolks Services shares through the Registrar’s Link Intime India website
To check the stock allotment status, select the company name as “DreamFolks Services – IPO” from the drop-down list on the Link Intime India website when declared. Check the PAN, Application Number or Custodian/Client ID box. Accordingly, enter the Permanent Account Number or Application Number or Custodian/Client Number in the box. Enter the given captcha in the space provided and click on the submit button. This will display the number of shares that have been applied and assigned to the investor.
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Check the stock allotment status in the DreamFolks services through the ESB website
Another way to check attribution status in DreamFolks Services is through the ESB website. Select “equity” as the issue type and “DreamFolks Services” as the issue name from the drop-down list, when reported. Enter the application number and the PAN (permanent account number). Click on “I am not a robot”. In the last step, click on the search tab to view the status details.