Dreamfolks Services IPO

Dreamfolks Services’ IPO will begin on August 24. The company intends to raise Rs 562 crore. It is India’s largest airport service aggregator platform.

Date

24 to 26 Aug 2022

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.

Price Band

₹308 to ₹326

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.

Market Lot

46 Shares

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).

Issue Size

₹472.29 Cr.

Dreamfolks’ offer-for-sale has been reduced from 2.18 crore shares to 1.72 crore shares. The IPO is solely an OFS of up to 1,72,42,368 equity shares with a face value of Rs 2.

Allotment Date is 1 Sep 2022 & Listing Date 6 Sep 2022

Dreamfolks Services IPO Basis of Allotment Date is Sep 1, 2022. Dreamfolks Services IPO Listing Date is Sep 6, 2022.

Promoters of Dreamfolks Services IPO

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

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

Dreamfolks Services IPO

DreamFolks is a dominant player & India’s largest airport service aggregator platform.