Dreamfolks Services on August 23 raised Rs 252.94 crore from 18 anchor investors, ahead of opening its initial public offering. The issue will open for subscription on August 24.
The company has finalised the allocation of 77,59,066 equity shares to anchor investors at Rs 326 per share, the upper end of the price band, as per its BSE filing.
Marquee investors like Smallcap World Fund Inc, Saint Capital Fund, Matthews Asia Funds, Societe Generale, and Seganiti India Mauritius made investments in Dreamfolks via anchor book.
Other investors, including Aditya Birla Sun Life, Invesco India AMC, Sundaram MF, Abakkus Growth Fund, Kuber India Fund, Malabar India Fund, Mirae Asset India, Quant Mutual Fund, Elara India Opportunities Fund, PNB Metlife India Insurance, and BNP Paribas Arbitrage also participated in the anchor book.
Also read - DreamFolks Services IPO | 10 key things to know before you subscribe to the issue
The airport service aggregator platform plans to raise Rs 562 crore through its public issue, which is completely an offer for sale by promoters. The price band for the offer, which will close on August 26, has been fixed at Rs 308-326 per share.
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 such as ICICI Bank, Axis Bank, Kotak Mahindra Bank, HDFC Bank and SBI Card.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
