Mumbai: The initial public offer (IPO) for airport services company DreamFolks was subscribed nearly two times on its first day. According to BSE data, the retail investor part was subscribed nearly eight times while the part reserved for non-institutional investors, also called high net worth individuals (HNIs), was subscribed 1.4 times.
The portion reserved for institutional investors was subscribed 25%. Usually, bids by institutional investors come on the last day of the offer.
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