Shares of the DreamFolks Services IPO are traded with a 20% premium on the black market

On Wednesday, August 24, DreamFolks Services began accepting subscriptions for its first public offering, with a price range of Rs 308-326 per share.

DreamFolks Services’ initial public offering has been getting positive feedback in the grey market as a result of better secondary market sentiment and perhaps as a result of the strong reception Syrms SGS Technology’s IPO received.

According to analysts speaking to Moneycontrol, equity shares of the airport service aggregator platform traded in the grey market for about a 20% premium over the top end of the issue price band.

The airport service aggregator segment’s early mover advantage and 95 percent market share, as well as the positive secondary market sentiment, may be supporting the grey market premium, experts said. However, valuations appear to be higher due to the impact of the pandemic on earnings.

On Wednesday, August 24, DreamFolks Services began accepting subscriptions for its first public offering, with a price range of Rs 308-326 per share. Following the recovery in equities market sentiment from June lows, this is the second public problem that has been released. The public issue for Syrma SGS Technology was successfully closed last week.

FAQ:-

1- What are dream folk services?

Ans – With the help of a technology-driven platform, Dreamfolks Services, India’s leading airport service aggregator, enables passengers to have a better airport experience.

2- What is the grey market?

Ans – An unofficial marketplace for trading IPO shares is known as the grey market.

3- What is the price band of the initial public offering?

Ans – ₹308-326 per share

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