Dreamfolks Services IPO Details

Dreamfolks Services IPO subscription is to open on Aug 24, 2022 and will close on Aug 26, 2022, the price band of the Dreamfolks Services IPO is fixed at ₹ 308 – ₹ 326.

DreamFolks is India’s largest airport service aggregator platform facilitating an enhanced airport experience for passengers by leveraging the proprietary technology solutions

About Dreamfolks Services

DreamFolks Services is a dominant player and India’s largest airport service aggregator platform facilitating an enhanced airport experience to passengers leveraging a technology driven platform. The asset-light business model integrates global card networks operating in India (Card Networks), credit card and debit card issuers (Card Issuers) and other corporate clients, in India, including airline companies (Corporate Clients and along with Card Networks and Card Issuers, the Clients) with various airport lounge operators and other airport related service providers (collectively, the Operators) on a unified technology platform. We facilitate customers of Clients’ (Consumers) access to the following airport related services (i) lounges, (ii) food and beverage (iii) spa, (iv) meet and assist, (v), airport transfer (vi) transit hotels /nap room access, and (vii) baggage transfer, (collectively, the Services).

Objects of the Issue

The Company will not directly receive any proceeds from the Offer (Offer Proceeds) and the entire Offer Proceeds, after deducting the Offer related expenses and the relevant taxes thereon, , will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer

Dreamfolks Services Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in million)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Assets 1,686.83 1,225.02 1,377.59
Total income 2,839.89 1,081.09 3,678.08
Total Expenses 2,635.13 1,083.10 3,242.51
Profit After Tax 162.52 (14.50) 316.83

Dreamfolks IPO Price – Details

DescriptionIPO Details
Public IssueInitial Public Issue of upto 17,242,368 Equity Shares of ₹ 2 (aggregating up to ₹ 562.10 Crore)
Issue Open  Date24-Aug-22
Issue Close Date26-Aug-22
Issue TypeBook Building
IPO Price Band₹ 308 – ₹ 326
Face Value ₹ 10
Market Lot 46 Equity Shares and in multiples thereof
Minimum Order Quantity 46 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE, BSE
NSE SymbolDREAMFOLKS
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Dreamfolks IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum146₹ 14,996
Maximum13598₹ 1,94,948

Dreamfolks IPO Lead Managers

  • Equirus Capital Private Limited
  • Motilal Oswal Investment Advisors Limited

Dreamfolks IPO Registrar

Dreamfolks IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on24-Aug-22
Bid / Offer Closes on26-Aug-22
Finalisation of Basis of Allotment01-Sep-22
Initiation of refunds 02-Sep-22
Credit of the Equity Shares05-Sep-22
Listing Date06-Sep-22

Company Corporate Office

501, Tower 2, Fifth Floor,
Worldmark, Sector-65,
Gurugram – 122 018,
Haryana; Contact
Website: www.dreamfolks.in

Company Registered Office

22, DDA Flats,
Panchsheel Park,
Shivalik Road,
New Delhi – 110 017,
India

Company Promoters

  • Liberatha Peter Kallat
  • Mukesh Yadav
  • Dinesh Nagpal

Dreamfolks Services IPO – FAQS

What is the Dreamfolks IPO Price?

The Dreamfolks IPO price band is ₹ 308 – ₹ 326 per share

When Dreamfolks IPO will open?

The Dreamfolks IPO opens on Aug 24, 2022 and closes on Aug 26, 2022

What is the lot size of Dreamfolks IPO?

The Dreamfolks IPO lot size is 46 Equity Shares and the minimum order quantity is 46 Equity Shares

Who is the Registrar for Dreamfolks Services IPO?

The Registrar for Dreamfolks Services IPO is Link Intime India Private Limited

How to apply in Dreamfolks Services IPO through UPI?

Check the step by step process here – Click here

How to apply in Dreamfolks Services IPO through Zerodha?

Check the step by step process here – Click here

Follow us on Telegram for all the latest updates

Related Articles

3 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
3,628FollowersFollow
0SubscribersSubscribe
- Advertisement -spot_img

Latest Articles