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The premium of this IPO is beyond Rs 100, the company can be listed at 30%

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Acording to market watchers, the IPO of Dreamfox Services may get listed at a premium of 30 per cent above the issue price. The company’s IPO is trading at Rs 103 in the gray market.

 The premium of this IPO is beyond Rs 100, the company can be listed at 30%

The premium of this IPO is beyond Rs 100, the company can be listed at 30%

Months later, there was a lot of enthusiasm among the customers about the IPO in the stock market. Dreamfox Services Rs. 562.10 crore IPOs were subscribed 56.68 times, while the retail segment was subscribed 43.66 times. Gray Market Experts (GMP Price) are quite bullish on this IPO.

According to experts monitoring the gray market, today the company’s shares were trading at Rs. 103 is trading at a premium. Let us tell you that allotment of shares of the company can be done on September 1 and listing on September 6.

A company can be listed at a premium of 30% of the issue price.

According to market watchers, the company’s IPO may get listed at a premium of 30 per cent above the issue price. The company’s IPO is trading at Rs 103 in the gray market. It is expected that by next 4 days it will be Rs. Will continue to trade at a premium of $100 or more. Which indicates a strong listing.

The company raised Rs 253 crore, recovered

Qualified Institutional Buyer (QIB) quota subscribed 70.53 times in DreamFox Services IPO. At the same time, the retail investor category got 43.66 times the bids. While the non-institutional investors (NII) quota got 37.66 times the bids.

Prior to its public issue, Dreamfox Services had invested Rs. 253 crore was recovered. The company’s IPO was open for subscription on 24 August 2022.

What is the financial position of the company?

The net worth of the company as on 31 September 2021 was Rs 64.7 crore. The company’s revenue for the September 2021 quarter stood at Rs 85.1 crore. The company’s revenue in FY21 was Rs 105.6 crore. Which is less as compared to FY 2020. Then the revenue of the company was Rs 367.04 crore.

ALSO READ: More than 3 times subscribed as soon as IPO opens, premium reaches Rs 80

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