India's DreamFolks Services surges 68% in market debut after $70 mln IPO

Dreamfolks Services

06/09/2022 05:47

BENGALURU, Sept 6 (Reuters) - DreamFolks Services  DREM.NS ,
India's largest airport service aggregator, soared 68.4% in its
market debut on Tuesday, after its $70 million initial public
offering drew strong investor response.
    Shares of the company climbed to as much as 549 rupees,
compared with the issue price of 326 rupees. 
    The company's IPO had last month drawn bids for nearly 57
times the shares on offer.
     
($1 = 79.8500 Indian rupees)

 (Reporting by Chris Thomas in Bengaluru; Editing by Sriraj
Kalluvila)
 ((chris.thomas@thomsonreuters.com; +91 80 6210 0487;))