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DreamFolks shares list at premium on BSE, NSE; gain 56% from IPO price, tops Rs 500 on stock debut day

DreamFolks shares listed on the stock exchanges today at a premium to the IPO price amid the tepid market momentum. Shares of the company began trading on the NSE at Rs 508 per share, up 56% from the IPO price of Rs 308-326 apiece per share and on the BSE the stock debuted at Rs 505 apiece, rising 55 per cent. At the time of listing, the company had a market capitalisation of Rs 2,638.63 crore. The company launched its Rs 562 crore initial public offering (IPO) from August 24-26 and received strong demand across investor categories. The IPO was …

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