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IPO

DreamFolks garners Rs.253-Cr from anchor investors

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Airport service aggregator platform DreamFolks Services garnered INR 253 crore from anchor investors ahead of its initial public offering (IPO) launch on August 24. The issue is entirely an offer for sale of 1.72 crore equity shares. The company plans to raise between INR 531 to INR 562 crore from this public issue. The promoters are Liberatha Peter Kallat, Dinesh Nagpal, and Mukesh Yadav. A total of 77,59,066 equity shares were allocated to anchor investors at the upper price band of INR 326 per share aggregating to INR 252.95 crore. Smallcap World Fund was the largest bidder for 28.46% of the total portion offered, Aditya Birla Sun Life Small Cap, Aditya Birla Sun Life Multicap, Invesco India Multicap Fund, and Sundaram Mutual Fund A/C Sundaram Services Fund were among top five investors. Other anchor investors are: Abakkus Growth Fund - 2, Kuber India Fund, Malabar India Fund, Mirae Asset India Sector Leader Equity Fund, Quant Mutual Fund - Quant Value Fund, Saint Capital Fund, Elara India Opportunities Fund, Matthews Asia Funds Asia Small Companies Fund, PNB Metlife India Insurance Company, Societe Generale, Segantii India Mauritius, Vikasa India EIF I Fund, and BNP Paribas Arbitrage.