Dreamfolks Services Ltd

Mainboard

Airport & Airport services

Listed On: Sep 6, 2022 at ₹ 508.70

₹ 14996 /46 Shares

Check Allotment

Price Summary

Last Closing

501.45 (53.82%)

52 Week High

582.00

52 Week Low

433.10

Last Update

20-Sep-2024 3:30 PM

IPO Details

24 Aug, 2022

Open Date

26 Aug, 2022

Close Date

01 Sep, 2022

Allotment Date

06 Sep, 2022

Listing Date

Issue Price

₹308-326 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Limited

List Price

508.70

Listing Date

2022-09-06

Market Lot

46 Shares (₹14,996/-)

Lead Manager

Equirus Capital Private Limited, Motilal Oswal Investment Advisors Limited

Issue Size

17,242,368 shares of ₹2(aggregating up to ₹562.1 Crores) OFS

Retail Portion

10% (Number of Retail Applications : 37,480 Approx)

Subscription

56.68 times

IPO Docs

DRHP RHP

IPO Subscription 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

Total No. of Applications: 1454531 (Approx)

Retail Subscription on the basis of Applications: 38.81 times

Valuations

Earnings Per Share (EPS)

₹3.18/-

P/E Ratio

102.6

RoNW

19.78%

Net Asset Value (NAV) - As on 31.03.22

₹15.73

Company Financials All values are in ₹ Cr.

	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 The 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)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 67%

Company Promoter(s)

Liberatha Peter Kallat
Dinesh Nagpal
Mukesh Yadav

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. The size of Dreamfolks Services Ltd is 17,242,368 shares of ₹2(aggregating up to ₹562.1 Crores) OFS.

Ans. The IPO price band is set between ₹308-326 per equity share.

Ans. To apply for Dreamfolks Services Ltd IPO, 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 allotment status for Dreamfolks Services Ltd here.