Dreamfolks Services IPO Date, Lot Size and Price

Dreamfolks Services IPO Details: Dreamfolks Services’ initial public offering (IPO) will begin on August 24. The company intends to raise Rs 562 crore. It is India’s largest airport service aggregator platform. The IPO will be completed on August 26. The company is selling its shares between Rs 308 and Rs 326 per share. The lot size for Dreamfolks Services IPO is 46 shares, which will cost Rs 14,996.

A retail individual investor can bid on up to 13 lots or 598 shares for Rs 1,94,948. The IPO’s lead managers are Equirus Capital Private Limited and Motilal Oswal Investment Advisors Pvt Ltd. The shares will be allotted on September 1 and are expected to be listed on the BSE and NSE on September 6. The IPO’s registrar is Link Intime India Private Ltd.

Dreamfolks Services IPO

Dreamfolks Services IPO Details

IPO Opening DateAug 24, 2022
IPO Closing DateAug 26, 2022
Price BandRs. 308 to Rs. 326 per share
Lot Size46 Shares
Issue Size (Rs. Cr.)17,242,368 shares of Rs. 2 (aggregating up to Rs. 562.10 Cr)
Fresh Issue17,242,368 shares of Rs. 2 (aggregating up to Rs. 562.10 Cr)
Face ValueRs. 2 per share
Issue TypeBook Built Issue IPO
Exchange BoardBSE, NSE
Retail Shares OfferedNot more than 10% of the Net Offer
NII (HNI) Shares OfferedNot more than 15% of the Net Offer
QIB Shares OfferedNot less than 75% of the Net Offer
Basis of Allotment DateSep 1, 2022
Initiation of RefundsSep 2, 2022
Credit of Shares to Demat AccountSep 5, 2022
Dreamfolks Services IPO Listing DateSep 6, 2022

Dreamfolks Services IPO Date

Dreamfolks Services, India’s largest aggregator of airport lounge services, has set a price range of Rs 308-326 per share for its initial public offering. The company previously stated that its issue will be available for subscription from August 24 to August 26. The anchor portion will be available for bidding on August 23.

Dreamfolks Services IPO Issue Size

Dreamfolks’ offer-for-sale has been reduced from 2.18 crore shares to 1.72 crore shares, with up to 65 lakh shares owned by Mukesh Yadav and Dinesh Nagpal, and up to 40 lakh units owned by Liberatha Peter Kallat. It will raise approximately Rs 562.10 crore from its upper price band. The IPO is solely an offer for sale (OFS) of up to 1,72,42,368 equity shares with a face value of Rs 2 each by the IPO’s promoters, Liberatha Peter Kallat, Dinesh Nagpal, and Mukesh Yadav.

Dreamfolks Services IPO Price Band

In its initial stake sale, the company will sell shares in the range of Rs 308-326. The proposed initial public offering is open for subscription until August 26. (Friday). The IPO for Dreamfolks Services begins on August 24, 2022 and ends on August 26, 2022. Retail investors will be allowed to bid for no more than 10% of the net offer.

Dreamfolks Services IPO Lot Size

The IPO lot size for Dreamfolks Services is 46 shares. A retail investor can apply for up to 13 lots (598 shares or Rs. 194,948). The firm’s grey market premium (GMP) was trading at Rs 80. (23 Aug 2022). This implies that the stock will most likely be listed at Rs 406, a 24.54 percent increase over the issue price of Rs 326. A minimum of 75% of the net offer has been set aside for qualified institutional buyers.

Dreamfolks Services IPO Allotment Date and Listing Date

The shares will be credited to applicants’ demat accounts on September 5, and the company plans to list on the exchanges on September 6. This will be the second IPO in nearly three months. The issue’s lead managers are Equirus Capital and Motilal Oswal Investment Advisors. Dreamfolks Services IPO Basis of Allotment Date is Sep 1, 2022. Dreamfolks Services IPO Listing Date is Sep 6, 2022.

About Dreamfolks Services Limited IPO

With its unique, asset-light, capital-efficient business model, DreamFolks is a dominant player and India’s largest airport service aggregator platform, as well as an industry incubator. DreamFolks’ services are available to all of India’s Card Networks, including Visa, Mastercard, Diners/Discover, and RuPay, as well as many of the country’s leading Card Issuers, including ICICI Bank Limited, Axis Bank Limited, Kotak Mahindra Bank Limited, HDFC Bank Limited (for debit card lounge programmes), and SBI Cards and Payment Services Limited.

DreamFolks carefully crafted a service proposition and a technology platform to enable DreamFolks clients (such as card network providers, banks, airline operators, and hotels) to offer a diverse range of services to their end customers as part of their customer engagement and loyalty management programmes. It provides access to a variety of services, including Lounges, Food and Beverage, Spa, Meet and Assist, Airport Transfer, Transit Hotels/Nap Room access, and Baggage Transfer, from the door-step to the airport, within the airport, and from the airport to the door-step at the destination.

DreamFolks’ dominant position is supported by an estimated market share of more than 95% of all India issued Card Based access to domestic lounges in Fiscal 2022. (F&S Report). As of March 31, 2022, DreamFolks had 50 Clients, including Card Networks and many of India’s prominent Card Issuers, and 9.79 million (97.9 lakh) pax (people or passengers) had used its services cumulatively since Fiscal 2020.

DreamFolks has a global footprint of 1,416 touch-points in 121 countries, with 244 touch-points in India and 1,172 touch-points overseas as of March 31, 2022, thanks to partnerships with other service providers. In FY20 (pre-pandemic), DreamFolks’ network served 48.8 percent of the estimated 75 lakh passengers who used lounges in India. DreamFolks facilitated access to 35.3 lakh out of a total of 52 lakh pax accessing lounges in India in FY22 (pandemic year).

DreamFolks’ first-mover advantage in the Indian lounge access aggregator industry has allowed it to become a dominant player in the industry, with a market share of more than 80% in the domestic lounge access market. DreamFolks’ dominance is supported by providing access to all 54 lounges currently operating in India (Source: F&S Report). As of March 31, 2022, DreamFolks has partnered with various entities to provide access to approximately 57 restaurants / F&B outlets at 18 airports across India. Over time, the company has evolved from an airport lounge access aggregator to a provider of end-to-end technology solutions for designing and delivering services that improve the airport experience.

Promoters of Dreamfolks Services IPO

Liberatha Peter Kallat, Mukesh Yadav and Dinesh Nagpal are the company promoters.

Dreamfolks Services IPO FAQs

What is Dreamfolks Services IPO?

The Dreamfolks Services IPO is a main-board IPO of 17,242,368 equity shares with a face value of Rs. 2 worth a total of Rs. 562.10 crores. The share price ranges from Rs. 308 to Rs. 326. The order quantity is limited to 46 shares.

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

The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.

When Dreamfolks Services IPO will open?

The Dreamfolks Services initial public offering (IPO) begins on August 24, 2022 and ends on August 26, 2022.

What is the lot size of Dreamfolks Services IPO?

Dreamfolks Services IPO lot size is 46 Shares and the minimum order quantity is 46 Shares.

How to apply for Dreamfolks Services IPO?

You can apply for the Dreamfolks Services IPO online and pay with UPI or ASBA. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications.

When Dreamfolks Services IPO allotment?

The Basis of Allotment for the Dreamfolks Services IPO will be finalised on September 1, 2022, and the allotted shares will be credited to your demat account by September 5, 2022.

When is Dreamfolks Services IPO listing date?

The Dreamfolks Services IPO will take place on September 6, 2022. The Dreamfolks Services IPO is expected to be listed on September 6, 2022.

Who is the registrar of Dreamfolks Services IPO?

The registrar for Dreamfolks Services IPO is Link Intime India Private Ltd.

What is Dreamfolks Services IPO Price Band?

Dreamfolks Services IPO price band is Rs. 308 to Rs. 346 per equity share.