DreamFolks Services IPO receives 6 times subscription on Day 2 of offer

The Initial Public Offer (IPO) of airport service aggregator DreamFolks Services received 6.09 times subscription on the second day of the offer on Thursday.

The IPO received bids for 5,77,86,948 shares against 94,83,302 shares on offer, according to data available with the NSE.

The quota for Retail Individual Investors (RIIs) was subscribed 19.10 times, the category meant for non-institutional investors 8.40 times and Qualified Institutional Buyers (QIBs) 60 per cent.

The IPO of DreamFolks Services got fully subscribed within hours of opening on Wednesday and ended the day with 1.96 times subscription.