Share premium of Dreamfox IPO rises to Rs. 80 is done. Within a few hours, the company’s gray market premium has jumped by about 25 per cent.
More than 3 times subscribed as soon as IPO opens, premium reaches Rs 80
There is good news for those investing in IPOs. After a long gap, another company has come up with its IPO. This company is Dreamfolks Services. The IPO of Dreamfox Services opened for subscription on Wednesday 24 August 2022. The company’s IPO has received tremendous response on the first day.
The retail quota of Dreamfox IPO has been subscribed 3.22 times till 12 noon. Overall, the company’s IPO is subscribed 61 per cent. The price of this public issue is Rs. 562.10 crores.
The share premium of the company increased to Rs.80. done
Initial subscription figures show that retail investors have shown good interest in the IPO of DreamFox Services. Strong response from retail investors has also impacted the company’s share premium in the gray market. Share premium of Dreamfox Services rises to Rs. 80 is done. Within a few hours, the company’s gray market premium has jumped by about 25 per cent. On Wednesday morning, the premium of Dreamfox shares was Rs 60, which has increased to Rs 80.
The gray market premium of stocks may rise further
Market watchers say that if Dalal Street gets a similar strong response, the gray market sentiment could pick up. The price band of Dreamfox Services IPO is Rs. 308-326 are. If the shares of Dreamfox are Rs. 326 in the upper price band and that Rs. If listed with a premium of 80, the company’s shares will be worth Rs.
There may be around 406 listings in the market. That is, the shares of the company can be listed at a premium of 25 percent.