Dreamfolks Services IPO
Dreamfolks Services Limited (DREAMFOLKS) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 06 September 2022.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +37.9% (likely range +8% to +62%), day's high +48.2%, chance of a gain 97%. Actual: +56.0% at the open, +68.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 51,72,711 | 36,48,13,442 | 70.5x | |
| NII (HNI) total | 25,86,355 | 9,74,04,448 | 37.7x | |
| Big NII (above ₹10 lakh) | 17,24,236 | 7,05,92,060 | 40.9x | |
| Small NII (₹2-10 lakh) | 8,62,119 | 2,68,12,388 | 31.1x | |
| Retail | 17,24,236 | 7,52,79,322 | 43.7x | |
| Total | 94,83,302 | 53,74,97,212 | 56.7x |
Bids on NSE and BSE together, as published by NSE, as of 26 Aug 2022, 05:00 PM. Shares offered exclude the anchor portion. 12% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Dreamfolks Services's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| RailTel Corporation of IndiaFeb 2021 | 65.1x | 73.3x | 16.8x | 42.4x | ₹820 Cr | +16.0% | +36.0% |
| Krsnaa DiagnosticsAug 2021 | 49.8x | 116x | 42.0x | 64.4x | ₹1,215 Cr | +5.4% | +15.3% |
| Shankara Building ProductsMar 2017 | 51.6x | 90.7x | 15.3x | 41.9x | ₹349 Cr | +20.7% | +38.3% |
| Dodla DairyJun 2021 | 84.9x | 73.3x | 11.3x | 45.6x | ₹520 Cr | +28.5% | +52.3% |
| CSB BankNov 2019 | 62.2x | 165x | 44.5x | 86.9x | ₹410 Cr | +41.0% | +57.3% |
| India PesticidesJun 2021 | 42.9x | 51.9x | 11.3x | 29.0x | ₹817 Cr | +18.2% | +24.3% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Equirus Capital | 34 | +21.3% | 74% |
| Motilal Oswal Investment Advisors | 47 | +15.0% | 72% |
Offer documents (NSE)
Frequently asked
What is the Dreamfolks Services IPO price band and lot size? ₹308–326 per share, with a lot of 46 shares, so the smallest retail bid is ₹14,996.
How many times has it been subscribed? 56.7x overall: QIB 70.5x, NII 37.7x, retail 43.7x.
How did it list? It opened at ₹509, +56.0% against the issue price of ₹326, and closed its first day +41.8%.
