Dreamfolks Services Ltd
MainboardAirport & Airport services
Listed On: Sep 6, 2022 at ₹ 508.70
₹ 14996 /46 Shares
Check Allotment24 Aug, 2022
Open Date26 Aug, 2022
Close Date01 Sep, 2022
Allotment Date06 Sep, 2022
Listing DatePrice Summary
Last Closing
112.00 (-65.64%)52 Week High
412.0052 Week Low
99.30Last Update
19-Dec-2025 3:30 PMIPO Issue Details
- Issue Price ₹308-326 per equity share
- Face Value ₹2 Per Equity Share
- Issue Price 17,242,368 shares of ₹2(aggregating up to ₹562.1 Crores) OFS
- Listing at BSE, NSE
- List Price 508.70
- Listing Date 2022-09-06
- Lead Manager Equirus Capital Private Limited, Motilal Oswal Investment Advisors Limited
- Registrar Link Intime India Private Limited
IPO Details
- Retail Portion 10% (Number of Retail Applications : 37,480 Approx)
IPO Details
The IPO of is priced at ₹308-326 per equity share, which has a face value of ₹2 Per Equity Share each, IPO bidding starts from Aug 24, 2022 and ends on Aug 26, 2022. The allotment for IPO will be finalized on Sep 1, 2022. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Sep 6, 2022. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Limited is the registrar of the issue.
The book-running lead manager for the IPO is/are Equirus Capital Private Limited, Motilal Oswal Investment Advisors Limited.
The IPO sets its price band at 308-326 for each share. A single application for Dreamfolks Services Ltd must contain at least 46 shares.
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IPO Subscription Analysis And Details
| As on | QIB | NII | 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 |
Valuations
Company Financials
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
|---|---|---|---|
| Assets | 168.68 | 122.5 | 137.76 |
| Revenue | 283.99 | 108.11 | 367.81 |
| Profit After Tax | 16.25 | -1.45 | 31.68 |
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.
- Promoter(s)
Liberatha Peter Kallat
Dinesh Nagpal
Mukesh Yadav
Pre Issue Share Holding : 100%
Post Issue Share Holding : 67%
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
IPO - Anchor Investors
Dreamfolks Services mops up Rs 253 crore from anchor investors ahead of IPO.
Marquee investors like Smallcap World Fund Inc, Saint Capital Fund, Matthews Asia Funds, Societe Generale, and Seganiti India Mauritius made investments in Dreamfolks via anchor book.
Other investors, including Aditya Birla Sun Life, Invesco India AMC, Sundaram MF, Abakkus Growth Fund, Kuber India Fund, Malabar India Fund, Mirae Asset India, Quant Mutual Fund, Elara India Opportunities Fund, PNB Metlife India Insurance, and BNP Paribas Arbitrage also participated in the anchor book.
IPO - FAQs
Ans. Dreamfolks Services Ltd is a Mainboard IPO. The issue is priced at ₹308-326 per equity share. The minimum order quantity is 46 Shares. The IPO opens on Aug 24, 2022, and closes on Aug 26, 2022. Link Intime India Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Dreamfolks Services Ltd opens on Aug 24, 2022 and closes on Aug 26, 2022.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Dreamfolks Services Ltd is 17,242,368 shares of ₹2(aggregating up to ₹562.1 Crores) OFS.
Ans. The Dreamfolks Services Ltd price band is set between ₹308-326 per equity share.
Ans. To apply for Dreamfolks Services Ltd, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Dreamfolks Services Ltd in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Dreamfolks Services Ltd is Sep 1, 2022.
Ans. The Dreamfolks Services Ltd will be listed on Sep 6, 2022.
Ans. Follow the steps to check the Dreamfolks Services Ltd allotment status online.
