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Dreamfolks Services raises Rs 253 cr from anchor investors ahead of IPO
Airport Service aggregator platform Dreamfolks Services Ltd on Tuesday raised Rs 253 crore from anchor investors ahead of its initial share-sale which will open for public subscription on Wednesday.
Societe Generale, BNP Paribas Arbitrage, Saint Capital Fund, Segantii India Mauritius, Kuber India Fund, Smallcap World Fund, Inc, Aditya Birla Sun Life Mutual Fund, Sundaram Mutual Fund, Quant Mutual Fund and PNB Metlife India Insurance Company Limited are among the anchor investors.
The company has decided to allot 7.76 crore shares to anchor investors at a price of Rs 326 apiece, aggregating the transaction size to Rs 253 crore, according to a circular on BSE's website.
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 share sale, with a price band