Dreamfolks Services Limited
- IPO Date24 Aug, 2022 to 26 Aug, 2022
- Listing Date06 Sep, 2022
- Face Value₹2 per share
- Issue Price₹308 to ₹326 per share
- Lot Size46 Shares
- Minimum Investment₹14,996
- Listing AtBSE, NSE
- Total Issue Size1,72,42,368 Shares
(aggregating up to ₹562.10 Cr) - Fresh Issue-
- Offer for Sale1,72,42,368 Shares
(aggregating up to ₹562.10 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
26 Aug, 2022
Initiation of Refunds
05 Sep, 2022
Listing Date
06 Sep, 2022
24 Aug, 2022
Opening Date
01 Sep, 2022
Basis of Allotment
05 Sep, 2022
Credit of Shares
Dreamfolks Services Limited 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 | ₹1,94,948 |
| S-HNI (Min) | 14 | 644 | ₹2,09,944 |
| S-HNI (Max) | 66 | 3036 | ₹9,89,736 |
| B-HNI (Min) | 67 | 3082 | ₹10,04,732 |
Dreamfolks Services Limited Promoter Holding
Liberatha Peter Kallat, Mukesh Yadav and Dinesh Nagpal are the company promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 67% |
Dreamfolks Services Limited COMPANY INFORMATION
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 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.
FAQs About Dreamfolks Services Limited
Dreamfolks Services Limited will open on 24 Aug, 2022 and close on 26 Aug, 2022. Investors must apply within this period to participate.
The Dreamfolks Services Limited price band is set between ₹308.00 and ₹326.00 per share. The minimum lot size is 46, requiring an investment of at least ₹14996.00.
The Dreamfolks Services Limited shares are expected to be listed on 06 Sep, 2022, subject to regulatory approvals and final allotment.
You can track your Dreamfolks Services Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Dreamfolks Services Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.