DreamFolks Services Surges 68% In Debut After $70 Million Public Offer


The company’s IPO had last month drawn bids for nearly 57 times the shares on offer.

BENGALURU:

DreamFolks Services, 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.



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