Dreamfolks Services IPO GMP: Share Allotment Price of Public Issue 562.10 crores has been finalized and all eyes are now focused on the Dreamfolks IPO listing date, which is most likely on Tuesday, 6th September 2022 i.e. next week. Meanwhile, despite a sharp sell-off on Thursday and flat sentiments on Dalal Street on Friday morning, the share price of Dreamfox rose marginally in the gray market today. As per market observers, the shares of Dreamfolx Services Limited are available at a premium of 115 in the gray market today.
Dreamfolks IPO GMP Today
Market observers said Dreamfolks IPO Gray Market Premium (GMP) today is 115, which is approx. Is 4 more than Thursday’s high 111 per share level. However, the DreamFolks IPO GMP has been settled After market close on Thursday 106. A rise in Dreamfolks IPO GMP is a good sign as market observers said Thursday’s session witnessed heavy selling. He said secondary market sentiment is flat at the opening bell and shares of Dreamfolks rose today, indicating a promising premium from the public issue on the listing date, most likely Tuesday next week, he added.
What does this Dreamfolks IPO GMP mean?
Market observers further said that Dreamfolks IPO is GMP today 115, which means the gray market is expecting the public issue to list around 441 ( 326+ 115), which is about 35 percent higher than its price band from 308 326 per equity share. He further said that the public issue in the gray market has remained strong despite the weak sentiments in the previous session on Dalal Street, which indicates that a trend reversal in the secondary market could lead to an uptrend.
However, stock market experts said that the gray market premium is not an ideal indicator about the listing premium as it has nothing to do with the fundamentals of the company. He said that GMP has nothing to do with the balance sheet of the company and is purely speculative. Hence, one must stick to the fundamentals and rely on what the financial position of the company says about the public issue.
Dreamfolks IPO Details
The public issue is proposed to be listed on both NSE and BSE and is most likely to be listed on 6 September 2022.
Dreamfolks IPO Allotment Status
One can also check the status of Dreamfolks IPO allotment by logging on to the direct BSE link – bseindia.com/investors/appli_check.aspx or the direct link intime web link – linkintime.co.in/MIPO/Ipoallotment.html.
DreamFolks facilitates an enhanced airport experience for travelers, leveraging its technology-driven platform. The company’s asset-light business model integrates global card networks operating in India, credit card and debit card issuers and other corporate customers including airline companies with various airport lounge operators and other airport-related service providers on an integrated technology platform.
Dreamfox is a leading player and India’s largest airport service aggregator platform (with over 80% share in the domestic lounge access market) to provide travelers with the convenience of an enhanced airport experience that leverages a technology driven platform. Is.
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