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Dreamfolks’ IPO to open on Aug 24; price band fixed at Rs 308-326 per share
Airport Service aggregator platform Dreamfolks Services Ltd on Monday said it has fixed a price band of Rs 308-Rs 326 for its initial public offering which will open for public subscription on Wednesday.
The initial share sale will open for public subscription on August 24 and conclude on August 26. The bidding for anchor investors would open on August 23, the company announced.
The Initial Public Offering (IPO) is entirely an Offer-For-Sale (OFS) of up to 1.72 crore equity shares by promoters -- Liberatha Peter Kallat, Dinesh Nagpal and Mukesh Yadav.
The public issue will constitute 33 per cent of the post offer paid-up equity share capital of the company.
The company will allocate up to 60 per cent of the QIB (Qualified Institutional Buyer) portion to the anchor investors on a discretionary basis. Investors can bid for a minimum of 46 equity shares and in multiples of 46 thereafter.
DreamFolks facilitates an enhanced airport experience for passengers, leveraging its ...