Dreamfolks Services IPO GMP TODAY (LIVE DATA) Latest Grey Market Premium Updates

DreamFolks IPO GMP Today, DreamFolks IPO Grey Market Premium Updates | DreamFolks IPO Listing Gain, Latest target, Opening gain.

DreamFolks Services IPO date is fixed, the initial public offer (IPO) is to hit the market on Aug 24, 2022, and close on Aug 26, 2022. DreamFolks Services IPO to raise ₹562 crores via IPO that comprises an offer for sale of up to 17,242,368 Equity Shares of Rs.2 each. The retail quota is 10% with QIB 75% and HNI 15%.

DreamFolks is a dominant player and India’s largest airport service aggregator platform, an incubator of the industry with its unique, asset light, capital efficient business model. DreamFolks’ provides services to all the Card Networks operating in India including Visa, Mastercard, Diners/Discover and RuPay; and many of India’s prominent Card Issuers including ICICI Bank Limited, Axis Bank Limited, Kotak Mahindra Bank Limited, HDFC Bank Limited (in respect of debit card lounge program) and SBI Cards and Payment Services Limited.

DreamFolks carefully crafted a service proposition and a tech platform to provide DreamFolks clients (such as card network providers, banks, airline operators and hotels) the option of offering a wide-ranging bouquet of services to their end customers, as part of their customer engagement and loyalty management programs.

It provides with access to a host of services: from door-step to the airport, within the airport, and again from the airport to the door-step at the destination, including Lounges, Food and Beverage, Spa, Meet and Assist, Airport Transfer, Transit Hotels/Nap Room access, and Baggage Transfer.

Check out Dreamfolks IPO grey market premium, Kostak rates, and subject to sauda rates as of today.

DreamFolks IPO Details:

Issuer DreamFolks Services
Issue Type Book Built Issue IPO
Issue Period Issue Opens: AUG 24, 2022
Issue Closes: AUG 26, 2022
Price Brand ₹308 to ₹326 Per Share
Issue Size ₹562.10 Crores
Face Value Rs.2 per Equity Share
Market Lot 46 Shares
Maximum Bid amount for Retail ₹194948
QIB 75% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 10% of the issue size
Listing at NSE & BSE
✔️ Apply With 👉 UPSTOX Free DEMAT Account
Equity 17,242,368 Shares

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DreamFolks IPO GMP Rates day by day

DreamFolks Services IPO Grey market premium as of today

Date GMP (in INR) Kostak (in INR) Subject to Sauda
08 SEP 2022
07 SEP 2022
06 SEP 2022
05 SEP 2022 ₹130
04 SEP 2022 ₹130
03 SEP 2022 ₹120
02 SEP 2022 ₹100
01 SEP 2022 ₹100
31 AUG 2022 ₹80
30 AUG 2022 ₹70
29 AUG 2022 ₹65
28 AUG 2022 ₹65
27 AUG 2022 ₹75
26 AUG 2022 ₹75
25 AUG 2022 ₹60
24 AUG 2022 ₹50
23 AUG 2022 ₹70
22 AUG 2022 ₹70
21 AUG 2022 ₹60
20 AUG 2022 ₹60

Dreamfolks IPO Market Lot:

 Lot Size:  Minimum 46 Shares & Maximum 598 Shares (13 Lot)
 Minimum Amount: ₹14,996
 Maximum Amount: ₹194948

Dreamfolks IPO Allotment & Listing:

 Basis of Allotment: SEP 1, 2022
 Refunds: SEP 2, 2022
 Credit to Demat Account: SEP 5, 2022
 Listing Date: SEP 6, 2022

How to Apply for Dreamfolks IPO?

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How to Apply Dreamfolks IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Dreamfolks Services”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply Dreamfolks IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Dreamfolks Services”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

PARENT COMPANY FOR SHAREHOLDER QUOTA

IPO ALLOTMENT TIPS & TRICKS

Check:- Dreamfolks IPO Allotment Status

Disclaimer:

– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamentals of the companies.
– This is only coverage of News related to Grey Market. We don’t deal in Grey market premium, nor do we recommend dealing in Grey Market. Investment decisions based on Grey Market trends can be faulty.

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into the grey market nor do we facilitate buying or selling of IPO firms.

What is Grey Market?

Grey Market is the term used to describe an unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.

This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:

  • Trade of IPO shares at a grey market premium
  • Trade of IPO application at a kostak.

What is Grey Market Premium?

GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.

This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.

Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.

What is Kostak?

Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.

It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:

Example:

IGL Limited
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720

This means IGL IPO applications of Rs 13500 are being traded in IPO Grey Market at Rs 695 to Rs 720.

Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.

As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.

In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.

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