Dreamfolks Services Ltd

Dreamfolks Services Ltd

Mainboard

₹14,996 / 46 Shares

Offer Date:Aug 24, 2022 - Aug 26, 2022
Share

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 DateListing DateFace ValuePrice BandLot SizeFresh IssueOffer for SaleListing At
Aug 24, 2022 - Aug 26, 20226 Sep, 2022₹2 Per Equity Share₹308-326 per equity share- Shares -BSE, NSE

Dreamfolks Services Ltd IPO Timeline

IPO Open Date
24 Aug, 2022
IPO Close Date
26 Aug, 2022
Basis of Allotment
1 Sep, 2022
Listing Date
6 Sep, 2022

Issue Price

₹308-326 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Limited

Market Lot

46 Shares (₹14,996/-)

Lead Manager

Equirus Capital Private Limited, Motilal Oswal Investment Advisors Limited

Issue Size

17,242,368 shares of ₹2(aggregating up to ₹562.1 Crores) OFS

Retail Portion

10% (Number of Retail Applications : 37,480 Approx)

Subscription

56.68 times

IPO Docs

DRHP RHP

Dreamfolks Services Ltd IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 22168.68283.9916.25---
31 Mar 21122.5108.11-1.45---
31 Mar 20137.76367.8131.68---

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.

Read More

Dreamfolks Services Ltd IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved5,172,711
2,586,355

1,724,2369,483,302
Day 1 - 24-08-22 05:00 PM0.25 x
1.39

7.93 x1.96 x
Day 2 - 25-08-22 05:00 PM0.60 x
8.40

19.10 x6.09 x
Day 3 - 26-08-22 05:00 PM70.53 x
37.66

43.66 x56.68 x
Total No. of Applications:1454531 (Approx)
Retail Subscription:

38.81 times

Dreamfolks Services Ltd IPO - Issue Objectives

  1. To carry out the Offer for Sale of up to 21,814,200 Equity Shares by the Selling Shareholders
  2. Enhance visibility and brand image and provide liquidity to the shareholders
  3. Also provide a public market for the equity shares in India
Company Contact Details

Dreamfolks Services Ltd

Phone: -

Email: -

Website: -

Registrar Contact Details

-

Phone: -

Email: -

Website: -