The Rs 562 crore initial public offering (IPO) of DreamFolks Services, the airport service aggregator platform, is all set to hit the primary markets on Wednesday, August 24. Here are key things you should know about the issue.
- When will DreamFolks Services IPO open for subscription?
DreamFolks Services’ IPO will open for subscription on Wednesday, August 24. - When will DreamFolks Services IPO close for subscription?
The IPO of DreamFolks Services will close for subscription on Friday, August 26. - What is the price band for DreamFolks Services IPO?
The price band for DreamFolks Services IPO has been fixed at Rs 308-326 per share. - What is the issue size of DreamFolks Services IPO?
The IPO is entirely an offer for sale (OFS) of up to 1,72,42,368 equity shares with a face value of Rs 2 each. At the upper range of the price band, the company will raise Rs 562.10 crore via an initial stake sale. - Who are the investors participating in the offer for sale of DreamFolks Services IPO?
Dinesh Nagpal and Mukesh Yadav will sell 65,31,200 shares each whereas Liberatha Peter Kallat will offload 41,79,968 equity shares from their stake. All three are the promoters of the company. - What DreamFolks Services will do with the net proceeds from IPO?
The book build issue is a 100 per cent offer for sale (OFS) in nature which means Dreamfolks IPO proceeds will go to the pocket of promoters. The public issue will constitute 33 per cent of the post-offer paid-up equity share capital of the company. - What is the lot size for DreamFolks Services IPO?
Investors can subscribe to DreamFolks Services IPO by betting for a lot of 46 shares or in multiples thereof. At the upper range of the price band, one lot of the IPO is worth Rs 14,996. A retail bidder can bid for 13 lots at maximum. - What is the business profile of DreamFolks Services?
DreamFolks facilitates an enhanced airport experience for passengers, leveraging its technology-driven platform. It has no listed peers so far.The company’s asset-light business model integrates global card networks operating in India, credit card and debit card issuers and other corporate clients, including airline companies, with various airport lounge operators.
- What does DreamFolks Services do?
It facilitates consumers’ access to airport-related services like lounges, food and beverages, spa, meets and assists airport transfer, transit hotels or nap room access, and baggage transfer services.Dreamfolks facilitates an enhanced airport experience for passengers, leveraging its technology-driven platform. There were around 5 airports that handled more than 10 million passengers, compared to 3 airports in FY 2021.
This is expected to be nearly 7 times and reach 47 by 2040. This is expected to be a key opportunity with the possibility of multiple lounge options at these airports.
- What is the quota reserved for retail investors in DreamFolks Services IPO?
The quota for retail investors DreamFolks Services IPO is fixed at 10 per cent of the net offer. QIB quota is fixed at 75 per cent while for NII the quota is reserved at 15 per cent. - When will the basis of allotment be finalized for DreamFolks Services IPO?
The finalization of the basis of allotment is likely by September 1 and the initialisation of refunds is likely by September 2. Meanwhile, credit of shares in the demat account is likely by September 5. - On what date will DreamFolks Services shares list?
DreamFolks Services is expected to make its market debut on September 6 (Tuesday). - Where could we check DreamFolks Services IPO allotment status?
Those who would bid for the issue can check the subscription status on the online portal of Link Intime India India, the registrar to the IPO. - Who are the leading book managers to the issue?
Equirus Capital and Investment Advisors are the book-running lead managers to the issue. - How did DreamFolks Services perform in the last year?
For the year ended March 31, 2022, the company had reported total revenue of Rs 283.99 crore with a net profit of Rs 16.25 crore. In the previous fiscal, it had clocked a revenue of Rs 108.11 with a net loss of Rs 1.45 crore.
