DreamFolks Services IPO Subscription Status: Day 2 Live Updates

DreamFolks Services Ltd.’s Rs 562.10-crore initial public offering continued to see investor demand on the second day of subscription.

The initial share sale of the airport service aggregator platform, opened on Wednesday, was fully subscribed on the first day.

According to the red herring prospectus, this IPO is solely an offer for sale of up to 1.72 crore equity shares by promoters Liberatha Peter Kallat, Dinesh Nagpal and Mukesh Yadav.

It will constitute 33% of the paid-up equity share capital of the company, post the offer. The price band has been fixed at Rs 308-326 apiece.

Liberatha Peter Kallat, chairperson and managing director, will put up 41.80 equity shares on offer, while directors Mukesh Yadav and Dinesh Nagpal will offer 65.31 lakh equity shares each.

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