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Dreamfolks Services Limited IPO (Dreamfolks Services IPO) Detail

August 24, 2022 - August 26, 2022

Dreamfolks Services IPO is a book built issue of Rs 562.10 crores. The issue is entirely an offer for sale of 1.72 crore shares.

Dreamfolks Services IPO bidding started from August 24, 2022 and ended on August 26, 2022. The allotment for Dreamfolks Services IPO was finalized on Thursday, September 1, 2022. The shares got listed on BSE, NSE on September 6, 2022.

Dreamfolks Services IPO price band is set at ₹308 to ₹326 per share. The minimum lot size for an application is 46 Shares. The minimum amount of investment required by retail investors is ₹14,996. The minimum lot size investment for sNII is 14 lots (644 shares), amounting to ₹209,944, and for bNII, it is 67 lots (3,082 shares), amounting to ₹1,004,732.

Equirus Capital Private Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers of the Dreamfolks Services IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Dreamfolks Services IPO RHP for detailed information.

Dreamfolks Services IPO Details

IPO Date August 24, 2022 to August 26, 2022
Listing Date September 6, 2022
Face Value ₹2 per share
Price Band ₹308 to ₹326 per share
Lot Size 46 Shares
Total Issue Size17,242,368 shares
(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

Dreamfolks Services IPO Reservation

Dreamfolks Services IPO a total of 9,483,302 shares are offered. QIB: 5,172,711 (54.55%), RII: 1,724,236 (18.18%), NII: 2,586,355 (27.27%).

Anchor Investor Shares Offered-
QIB Shares Offered5,172,711 (54.55%)
NII (HNI) Shares Offered2,586,355 (27.27%)
Retail Shares Offered1,724,236 (18.18%)
Total Shares Offered9,483,302 (100%)

Dreamfolks Services IPO Timeline (Tentative Schedule)

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

IPO Open Date Wednesday, August 24, 2022
IPO Close Date Friday, August 26, 2022
Basis of Allotment Thursday, September 1, 2022
Initiation of Refunds Friday, September 2, 2022
Credit of Shares to Demat Monday, September 5, 2022
Listing Date Tuesday, September 6, 2022
Cut-off time for UPI mandate confirmation 5 PM on August 26, 2022

Dreamfolks Services IPO Lot Size

Investors can bid for a minimum of 46 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 46 ₹14,996
Retail (Max) 13 598 ₹194,948
S-HNI (Min) 14 644 ₹209,944
S-HNI (Max) 66 3,036 ₹989,736
B-HNI (Min) 67 3,082 ₹1,004,732
Lot Size Calculator

Dreamfolks Services IPO Promoter Holding

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

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

About Dreamfolks Services Limited

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
Amount in ₹ Crore

Key Performance Indicator

Dreamfolks Services IPO Market Cap is Rs 1703.35 Cr and P/E (x) is 104.82.

KPI Values
P/E (x)104.82
Market Cap (₹ Cr.)1703.35

Objects of the Issue (Dreamfolks Services IPO Objectives)

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 Review (May apply)

[Dilip Davda]  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)
    bNII (bids above ₹10L)40.94
    sNII (bids below ₹10L)31.10

Dreamfolks Services IPO Prospectus

Dreamfolks Services IPO Rating

Rating:Rated 3.9 stars
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Dreamfolks Services IPO Listing Details

Listing Date September 6, 2022
BSE Script Code 543591
Final Issue Price ₹326 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Dreamfolks Services IPO Contact Details

Dreamfolks Services Limited
501, Tower 2, Fifth Floor,
Worldmark, Sector-65,
Gurugram – 122 018
Phone: +91 0124 4173 560

Dreamfolks Services IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Dreamfolks Services IPO - Buy or Not

Dreamfolks Services IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 7 1 0
Members 13 0 2

Read All Reviews Post Your Review Manage Reviews

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 August 24, 2022, and closes on August 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 August 24, 2022 and closes on August 26, 2022.

Dreamfolks Services IPO lot size is 46 Shares, and the minimum amount required is ₹14,996.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

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

Ranked Members of Forum  Ranked Members | Most Liked Members



673. kumar babu |   Link |Sep 26, 2022 6:22:24 PM
My Average 1000@368 please suggest recommended Price to sell in a month time.
673.2. SmallInvstr |   Link |Sep 29, 2022 10:39:04 AM
Target 330... surely the price will touch this number.
673.3. tri.vis |   Link |Sep 30, 2022 12:02:49 AM
Possible in few days as world markets are in RED from few days
672. SmallInvstr |   Link |Sep 29, 2022 10:37:29 AM
Look at the story of Nykaa which had high QIB portion. Now the listing is reaching one years period, and the share price is weak. In order to passify the QIBs and Institutions, the company is offering Bonus shares.. Same thing will happen for Dreamfolks if you tolerate your losses and hold for one year.
671. Monster Zero |   Link |Sep 28, 2022 3:32:12 PM
IPO Guru IPO Guru (2900+ Posts, 2500+ Likes)
Stock has bottomed out... delivery close to 60% with volumes decreasing day by day.
Sellers are diminished.
It hit a RSI of 9 on intraday today...265 bottomed out.
671.2. Monster Zero |   Link |Sep 28, 2022 10:26:05 PM
IPO Guru IPO Guru (2900+ Posts, 2500+ Likes)
😂.. yeah 365...
671.3. tri.vis |   Link |Sep 29, 2022 12:34:43 AM
670. tri.vis |   Link |Sep 26, 2022 3:32:58 PM
over optimism leads to financial loss of many
669. tri.vis |   Link |Sep 26, 2022 11:13:46 AM
Dreams shattered
669.2. Param Patel |   Link |Sep 26, 2022 2:45:46 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
DREAMFOLKS acchi company hai Lekin agar stock market me koi bhi stock ki wajah se aapka mental health bigad Raha hai to us se kitna bhi loss ho raha ho use book karke nikal jana chahiye
669.3. SmallInvstr |   Link |Sep 26, 2022 3:14:06 PM
Dreams were sold at bubble price.. Every investor is fooled including me
668. Newrookie |   Link |Sep 20, 2022 5:54:48 PM (200+ Posts)
Just had a very lavish free food (With free alochol) at Dreamfolks lounge at Bengaluru Airport. Food was great and lounge was too busy.

P.S: Was allotted a lot and realised the gains

668.1. M.Patel Gujju |   Link |Sep 20, 2022 10:39:32 PM
Yeh aab toh thik hai Bhai lekin Dreamfolk listing price aayega k Nahi 😬@508
668.2. tri.vis |   Link |Sep 21, 2022 3:53:21 PM
Aaj to 400 se niche bandh aaya he.
500 ke liye malum nahi kitna wait karna padega
667. tri.vis |   Link |Sep 19, 2022 11:54:01 AM
Is issue price coming??
667.1. tri.vis |   Link |Sep 20, 2022 10:42:28 AM
Today up by more than 6%
666. tri.vis |   Link |Sep 19, 2022 11:53:52 AM
Is issue price coming??
665. SUNNY KALYAN |   Link |Sep 16, 2022 10:12:40 PM
Monestor Zero .. i bought 1000 share of dream folks at rs 508 ruppees in pre open market for 4 to 5 cent gain but unfortunately i couldnt able to sell as it gone down immediately i am huge trouble as my whole amount being invested here . And day to day it is going down side . I seen your previous replies where it seems that your study over this stock is high and your are confident over your investment.. please suggest what should i do. I can wait for 4 to 5 month but expecting atleat 5 to 6 cent return ...sir please reply ..very thanks in advance 🙏
665.4. CSK |   Link |Sep 18, 2022 11:10:20 AM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
I have noticed many posting messages like bought 1000, 500, 200, or even 100 quantities on listing day and after. But Why do you people buy this much huge amount on one go and struggle after that? I used normally buy 5 to 10 quantities my maximum price for the order is 5000 INR. But I will purchase frequently till it crosses 100 shares. Rome is not built in one day. Better wait and add consistently.
665.5. Monster Zero |   Link |Sep 18, 2022 6:33:13 PM
IPO Guru IPO Guru (2900+ Posts, 2500+ Likes)
@ipo share... money i invested in dreamfolks is ipo profit of syrma.
I'm waiting for more ipo profit to avg syrma and dreamfolks. Hope price doesn't jump before next 10 days.
664. SmallInvstr |   Link |Sep 17, 2022 12:27:54 AM
I had bought this share on the listing day, but one of the Boarder had advised here not to buy at very high price. My buying price was 452, still I am in loss. Lesson learned - Do not buy on the listing date; but wait and watch the behavior of the share in the first few weeks.
664.1. SmallInvstr |   Link |Sep 17, 2022 12:31:25 AM
I am not complaining, but really thankful to the boarder who advised in this forum.
663. tri.vis |   Link |Sep 13, 2022 9:20:38 PM
Tomorrow markets gonna be in red.
So anyone think dream will outperform markets?
663.8. ColdBurger |   Link |Sep 16, 2022 9:15:30 PM
IPO Mentor IPO Mentor (1100+ Posts, 300+ Likes)
Market should fall till 22nd September. If fed rate hike is more than 75 basis points then nifty may lick 16k😣
663.9. tri.vis |   Link |Sep 16, 2022 10:47:12 PM
662. Kapz |   Link |Sep 16, 2022 1:59:17 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Dreams finally shatters the 400 barrier, breaks down to 399 today.
662.1. CSK |   Link |Sep 16, 2022 2:19:39 PM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
My Price came.. Added Dreams @399
662.2. Kapz |   Link |Sep 16, 2022 2:45:35 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Nice one @CSK, Surely a good buy around this level
661. Bhavesh.V |   Link |Sep 15, 2022 11:17:03 PM
@monster zero, mravi,noorul
I have one question pls help
I have seen the BOA of dreamfolks where no one have applied between 18 to 32 lots(SHNI).
Am I right? Or in BOA only alloted detail shows.
Same things in BHNI.
Pls see the BOA and clarify it.

661.1. Monster Zero |   Link |Sep 16, 2022 12:31:35 AM
IPO Guru IPO Guru (2900+ Posts, 2500+ Likes)
BOA shows sample data.. actual list is quite long.
And it doesn't make any sense applying more than 14 lots in Shni as.. allotment ratio will be same upto 10 lacs.
The allotment ratio remains the same for the category irrespective of no. Of lots u apply in that category.
660. Nilaykumar |   Link |Sep 12, 2022 7:12:15 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Bottom done now?
Ya aur downside risk he abhi bhi?
660.10. Monster Zero |   Link |Sep 14, 2022 12:41:01 PM
IPO Guru IPO Guru (2900+ Posts, 2500+ Likes)
@cold burger,, campus pump and dump sip from 485....worst case scenario 435
Fix fix double double scheme.... From double the qty with every 10 Rs fall.
6 months tgt 675.
660.11. ColdBurger |   Link |Sep 14, 2022 4:48:21 PM
IPO Mentor IPO Mentor (1100+ Posts, 300+ Likes)
@Monster Zero - Thanks for the suggestion. In fact my stop loss hit campus at my buy price today very first minute of trading session, I was not in mood to take risk given the US market shell-off. It still run up and -6k P&L at some point was giving hurt burn but at end my P&L was green on it. Now I will only enter sub 500, if not gone there then I will decide after 1 months what price it commands. RSI again at median 🤞

I was stunned by the performance of strong stocks today given the tsunami in USA market. FII still have trust but 22 Sptember mood will tell the story for short term.

659. Chem cho |   Link |Sep 13, 2022 10:22:09 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
As per SEBI regulation this IPO was for 10% quota to retail investors
hence buying at open was not recomended for retail investors ,who have less idea of markets
which direction they may turn or they should be ready to bear the loss or sell with some stop loss
RS 549 WAS HIGH and open at Rs 508.7 in NSE
now trading at RS 429 ON 13 SEPTEMPER 2022
659.1. ColdBurger |   Link |Sep 13, 2022 4:44:04 PM
IPO Mentor IPO Mentor (1100+ Posts, 300+ Likes)
@Chem cho sir stop loss kitna dlna tha if i bought at 440? My 407 stop loss was hit, nahi lagaya hota to bach gaya hota aaj.

Dekhta hu aap reply dete ho ya nahi, theory ke bad practical number bhi guide kar do please.
658. tri.vis |   Link |Sep 12, 2022 2:31:34 PM
Averaged at 100 rs. Down from purchased .Hoping for upmove and pray for stock price to not go down like cartrade, paytm etc.
658.1. Karanji |   Link |Sep 12, 2022 3:44:20 PM
how do you guess this is the bottom...
658.2. tri.vis |   Link |Sep 12, 2022 5:25:08 PM
Not guessing.
Just want to average.( I am very small trader)🙏
657. AnandS |   Link |Sep 12, 2022 12:37:51 PM
Anyone holding allotted shares? If yes, What are your expectations?
656. Aman Ipo |   Link |Sep 12, 2022 9:49:47 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
@Monster Zero
What should be the final stop loss for this after which one should completely exit it?
656.3. M.Patel Gujju |   Link |Sep 12, 2022 11:12:54 AM
@Aman Ipo
It is not is Downfalls 😬niche hi jayega....550 down to 400...375 in short term..
656.4. Monster Zero |   Link |Sep 12, 2022 11:21:39 AM
IPO Guru IPO Guru (2900+ Posts, 2500+ Likes)
@Aman... intraday is open in dreamfolks with 1.7x margin..u can short the stock to earn profit.
Only do so if you believe it'll go down further
655. A M Rao |   Link |Sep 12, 2022 10:27:10 AM
Sharing my experience for new entrants like me. No intention to hurt anyone.

Looking at various posts, GMP and targets, got excited and bought huge quantity on listing day, average 508. Now stuck.

Please be careful before jumping.

Again mentioning no intention to hurt anyone, just to share my piece of experience to new entrants. Control emotions
655.1. Takamichi |   Link |Sep 12, 2022 10:44:19 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
I understand how it hurts to see the portfolio in red when u r new in stocks.....
But it's a lesson for next time....
Mos of the times look at the gmp as the highest benchmark..... It's average gmp was 100-120 anyway it was going way above its gmp..... It had 10 percent retail quota so it was gonna list higher due to less retail quota which r considered as weak hand ......
Rather than thinking much on it just learn from it ..... And most of the people have their whole portfolio red at some point it's just matter of time.... It will move ahead but will need patience .....
I hope you you see good gains in other stock soon .....
655.2. Karanji |   Link |Sep 12, 2022 11:12:19 AM
@am rao

We both share same emotions. Even i purchased at 506. 290 shares. In deep red now.

First of all it was nit that a big mistake as qib subscription was great and upward trend was witnessed un syrma as well. All decisions can never be right.
I am not averaging it out as i feel it will be relying on uncertainty.

Approach it as a FD for 6 months at least. Way we never think about fd after investing in it.
Business model is too good to evade eyes of investors for too long.

654. ABDUL PATEL |   Link |Sep 10, 2022 10:13:03 PM
@Monster Zero, can you please reply to my thread no 649, i asked lokes about it but seems he is busy, and i think you have done more homework regarding dreamfolk. thanks
654.1. Monster Zero |   Link |Sep 10, 2022 11:59:32 PM
IPO Guru IPO Guru (2900+ Posts, 2500+ Likes)
@abdul patel.
even i bought around 501, 465 avg is 423... I'm still watching the stock everyday and with every qtr results p/e will adjust and stock will rise.domestic Mutual funds take 1-2 months to decide whether to enter a stock or not. We'll come to know where the bottom is within this week. A greater possibility could be FIIs entering with a bang.
The company promised to show growth and it is quite evident from the results of q1 fy23.
I can't predict where bottom is but with anchor lock-in ending by 30 days and rest after 90 days from listing date will tell you true story.
I'm sure it'll Rock 650-700 soon.
Avg if you can or swing it if you want to earn more than rest.
Keep the 20% extra amount in demat which is blocked by delivery....use that amount to swing until intraday margin opens.
I currently hold syrma and did the same for first 3 days. Now I can see 1.7x margin on syrma and i handsomely use that margin for my personal gain. I already posted it in syrma discussions.

Coming back to dreamfolks, as per charts it in oversold zone, RSI is 19 and macd indicates stock is in bearish zone since listing due to heavy selling. Should give gap up opening on monday. I'm confident in my investment and will add 200 more once I'm done with SMEs and upcoming IPOs.
After all the speculations , fundamentals and analysis, only hope is our true supporter.
654.2. ABDUL PATEL |   Link |Sep 11, 2022 1:18:14 AM
@Monster Zero, thanks very much for such a deep insight and valuable suggestion.