DreamFolks Services Limited will open its Initial Public Offering on Wednesday, August 24, 2022. The Price Band for the Offer has been fixed at Rs 308 to Rs 326 per Equity Share. Bids can be made for a minimum of 46 Equity Shares and in multiples of 46 Equity Shares thereafter. The IPO consists of an offer of Equity Shares by way of an Offer for Sale of Up to 17,242,368 Equity Shares by the promoter selling shareholders. The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on BSE and NSE.
Offer Opens on: AUGUST 24, 2022
Offer Closing on – Friday, August 26, 2022
Price Band: Rs 308 to Rs 326 per equity share of face value of Rs 2 each
Bids can be made for a minimum of 46 Equity Shares and in multiples of 46 Equity Shares thereafter
The Offer for Sale comprises upto 6,531,200 Equity Shares by Mukesh Yadav, upto 6,531,200 Equity Shares by Dinesh Nagpal and upto 4,179,968 Equity Shares by Liberatha Peter Kallat. The Offer is being made through the Book Building Process. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion.
Further, 5% of the Net QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis only to Mutual Funds and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs. Equirus Capital Private Limited and Motilal Oswal Investment Advisors Limited are the Book Running Lead Managers to the Offer.
