
Dreamfolks Services Ltd
Mainboard₹14,996 / 46 Shares
IPO Details
Dreamfolks Services Ltd IPO is priced between ₹308-326 per equity share, with a face value of ₹2 per share. The company's equity shares will be listed on the Mainboard, and Link Intime India Private Limited is managing the issue as the registrar.
The IPO bidding period opened on 24 Aug, 2022, and closed on 26 Aug, 2022. The allotment results will be announced on 1 Sep, 2022, with a tentative listing date set for 6 Sep, 2022.
The total issue comprises 17,242,368 shares of ₹2, amounting to ₹562.1 Crores.
Dreamfolks Services Ltd IPO Highlights
IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
---|---|---|---|---|---|---|---|
Aug 24, 2022 - Aug 26, 2022 | 6 Sep, 2022 | ₹2 Per Equity Share | ₹308-326 per equity share | - | Shares | - | BSE, NSE |
Dreamfolks Services Ltd IPO Timeline
Issue Price
₹308-326 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LimitedMarket Lot
46 Shares (₹14,996/-)Lead Manager
Equirus Capital Private Limited, Motilal Oswal Investment Advisors LimitedIssue Size
17,242,368 shares of ₹2(aggregating up to ₹562.1 Crores) OFSRetail Portion
10% (Number of Retail Applications : 37,480 Approx)Subscription
56.68 timesDreamfolks Services Ltd IPO Financial Information
Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
---|---|---|---|---|---|---|
31 Mar 22 | 168.68 | 283.99 | 16.25 | - | - | - |
31 Mar 21 | 122.5 | 108.11 | -1.45 | - | - | - |
31 Mar 20 | 137.76 | 367.81 | 31.68 | - | - | - |
All values are in ₹ Cr.
About Company
Dreamfolks Services Limited is India's largest airport service aggregator platform. The company offers services such as Lounge Access, Doorstep Baggage transfer, Food and Beverage offerings, Spa Services, Meet and Assist, Airport transfer services (pick up and drop), and Transit Hotels / Nap Room Access.
Dreamfolks Services has tie-up with around 57 restaurants and Food & Beverage outlets at 18 airports across India, as of March 31, 2022. The company also offers airport 'pick-up and drop' facilities in 47 cities across India and in 145 cities outside India, as of March 31, 2022.
The company started its lounge access services for the Consumers of Mastercard in 2013 and currently, provides services to all the Card Networks operating in India, including Visa, Mastercard, Diners/Discover and RuPay, and many of India's prominent Card Issuers including ICICI Bank Limited, Axis Bank Limited, Kotak Mahindra Bank Limited, HDFC Bank Limited (in respect of debit card lounge program) and SBI Cards and Payment Services Limited.
Dreamfolks Services has an asset-light business model that integrates global card networks operating in India, credit card and debit card issuers and other corporate clients in India, including airline companies with various airport lounge operators and other airport-related service providers on a unified technology platform.
Further, as of March 31, 2022, through the partnerships with other service providers, the company has a global footprint extending to 1,416 Touch-points in 121 countries across the world out of which, 244 Touch-points are present in India and 1,172 Touch-points overseas.
Dreamfolks Services Ltd IPO Subscription Details
As on | QIB | NII bNII sNII | Retail | Total |
---|---|---|---|---|
Shares Offered / Reserved | 5,172,711 | 2,586,355 | 1,724,236 | 9,483,302 |
Day 1 - 24-08-22 05:00 PM | 0.25 x | 1.39 | 7.93 x | 1.96 x |
Day 2 - 25-08-22 05:00 PM | 0.60 x | 8.40 | 19.10 x | 6.09 x |
Day 3 - 26-08-22 05:00 PM | 70.53 x | 37.66 | 43.66 x | 56.68 x |
38.81 times
Dreamfolks Services Ltd IPO - Issue Objectives
- To carry out the Offer for Sale of up to 21,814,200 Equity Shares by the Selling Shareholders
- Enhance visibility and brand image and provide liquidity to the shareholders
- Also provide a public market for the equity shares in India