DreamFolks Services’ Rs 562 crore IPO, which got subscribed 56.68 times, is likely to finalise the basis of allotment on Thursday, 1 September. This was the second company in over two months to hit the market with an IPO, after Syrma SGS Technology got listed last week. The IPO was sold in the range of Rs 308-326 per equity share, and it received a strong response from all the categories of investors. The portion reserved for qualified institutional buyers (QIBs) was subscribed 70.53 times, while the quota reserved for non-institutional investors (NIIs) and retailers were subscribed 37.66 times and 43.66 …
