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Dreamfolks Services Limited IPO (Dreamfolks Services IPO) Detail

Aug 24, 2022 - Aug 26, 2022

DreamFolks is a dominant player and India's largest airport service aggregator platform, an incubator of the industry with its unique, asset light, capital efficient business model. DreamFolks' 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 carefully crafted a service proposition and a tech platform to provide DreamFolks clients (such as card network providers, banks, airline operators and hotels) the option of offering a wide-ranging bouquet of services to their end customers, as part of their customer engagement and loyalty management programs. It provides with access to a host of services: from door-step to the airport, within the airport, and again from the airport to the door-step at the destination, including Lounges, Food and Beverage, Spa, Meet and Assist, Airport Transfer, Transit Hotels/Nap Room access, and Baggage Transfer.

DreamFolks' dominant position is underpinned by its estimated market share of over 95% in Fiscal 2022 of all India issued Card Based access to domestic lounges in India (F&S Report). DreamFolks has 50 Clients including the Card Networks and many of India's prominent Card Issuers as of March 31, 2022, and 9.79 million (97.9 lakh) pax (people or passengers), cumulatively, had availed of its services, since Fiscal 2020. Through its partnerships with other service providers, DreamFolks 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, as at March 31, 2022. Out of the total estimated pax of 75 lakh accessing lounges in India in FY20 (pre-pandemic), 48.8 pax did so through DreamFolks' network. In FY22 (pandemic year), DreamFolks facilitated access to 35.3 lakh out of a total of 52 lakh pax accessing lounges in India.

DreamFolks' first mover advantage in the lounge access aggregator industry in India has enabled it to become a dominant player in the industry with a share of over 80% in the domestic lounge access market in India. DreamFolks' dominance is underpinned by facilitating access to 100% of the 54 lounges currently operational in India (Source: F&S Report). DreamFolks' has tied up with various entities to facilitate access to around 57 restaurants / F&B outlets at 18 airports across India, as at March 31, 2022. Over the years, the company has transformed from being an airport lounge access aggregator to an end-to-end technology solutions provider for designing and delivering services that enhance the airport experience.

Company Financials

Dreamfolks Services Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-20137.76367.8131.6865.51
31-Mar-21122.5108.11-1.4564.3
31-Mar-22168.68283.9916.2582.16
Amount in ₹ Crore

Objects of the Issue

The company will not directly receive any proceeds from the Offer and the entire Offer Proceeds 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 IPO Details

Dreamfolks Services IPO Date Aug 24, 2022 to Aug 26, 2022
Dreamfolks Services IPO Face Value ₹2 per share
Dreamfolks Services IPO Price ₹308 to ₹326 per share
Dreamfolks Services IPO Lot Size 46 Shares
Issue Size17,242,368 shares of ₹2
(aggregating up to ₹562.10 Cr)
Offer for Sale17,242,368 shares of ₹2
(aggregating up to ₹562.10 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares OfferedNot less than 75% of the Net Offer
NII (HNI) Shares OfferedNot more than 15% of the Net Offer
Retail Shares OfferedNot more than 10% of the Net Offer
Company Promoters

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

Dreamfolks Services IPO Timeline (Tentative Timetable)

Dreamfolks Services IPO opens on Aug 24, 2022, and closes on Aug 26, 2022. The Dreamfolks Services IPO bid date is from Aug 24, 2022 10.00 A.M. to Aug 26, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Dreamfolks Services IPO Opening Date Aug 24, 2022
Dreamfolks Services IPO Closing Date Aug 26, 2022
Basis of Allotment Sep 1, 2022
Initiation of Refunds Sep 2, 2022
Credit of Shares to Demat Sep 5, 2022
Dreamfolks Services IPO Listing Date Sep 6, 2022

Dreamfolks Services IPO Lot Size

The Dreamfolks Services IPO lot size is 46 shares. A retail-individual investor can apply for up to 13 lots (598 shares or ₹194,948).

Application Lots Shares Amount
Retail (Min) 1 46 ₹14,996
Retail (Max) 13 598 ₹194,948
S-HNI (Min) 14 644 ₹209,944
B-HNI (Min) 67 3,082 ₹1,004,732

Dreamfolks Services IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 67%

Dreamfolks Services IPO Review

DSL enjoys a 95% market share and enjoys first-mover status in the segment. It has been an asset-light business model gaining the preference of air travellers. However, on account of the pandemic scare, it suffered a setback in its earnings at the PAT level for FY21 and due to this, it is offering only 10% for retail investors. Though prima facie the issue appears aggressively priced, it is worth considering from a medium to long-term perspective. Read detail review...


Dreamfolks Services IPO Subscription Status (Bidding Detail)

The Dreamfolks Services IPO is subscribed 56.68 times on Aug 26, 2022 5:00:00 PM. The public issue subscribed 43.66 times in the retail category, 70.53 times in the QIB category, and 37.66 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB70.53
NII37.66
    bNII (bids above ₹10L)40.94
    sNII (bids below ₹10L)31.10
Retail43.66
Total56.68

Dreamfolks Services IPO Prospectus

Dreamfolks Services IPO Rating

1171
3.9
Rating:Rated 3.9 stars
Vote Here ...

Dreamfolks Services IPO Listing Date

Listing Date Tuesday, September 6, 2022
BSE Script Code 543591
NSE Symbol DREAMFOLKS
Listing In B Group of Securities
ISIN INE0JS101016
IPO Price ₹326 per share
Face Value ₹2 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹326.00
₹505.00
₹448.50
₹550.00
₹462.65
NSE
₹326.00
₹508.70
₹448.00
₹549.00
₹462.40

Company Contact Information

Dreamfolks Services Limited
501, Tower 2, Fifth Floor,
Worldmark, Sector-65,
Gurugram – 122 018
Phone: +91 0124 4173 560
Email: compliance@dreamfolks.in
Website: https://www.dreamfolks.in/

Dreamfolks Services IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: dreamfolks.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Dreamfolks Services IPO FAQs

Dreamfolks Services IPO is a main-board IPO of 17,242,368 equity shares of the face value of ₹2 aggregating up to ₹562.10 Crores. The issue is priced at ₹308 to ₹326 per 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 Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Dreamfolks Services IPO using UPI as a payment gateway. Zerodha customers can apply in Dreamfolks Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Dreamfolks Services IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Dreamfolks Services IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

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

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

You can apply in Dreamfolks Services IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Dreamfolks Services IPO will be done on Sep 1, 2022, and the allotted shares will be credited to your demat account by Sep 5, 2022. Check the Dreamfolks Services IPO allotment status.

The Dreamfolks Services IPO listing date is on Tuesday, September 6, 2022.
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Dreamfolks Services IPO Message Board

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