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Dreamfolks IPO is a book build issue of ₹562.10 crores. The issue is entirely an offer for sale of 1.72 crore shares of ₹562.10 crore.
Dreamfolks IPO bidding started from Aug 24, 2022 and ended on Aug 26, 2022. The allotment for Dreamfolks IPO was finalized on Sep 1, 2022. The shares got listed on BSE, NSE on Sep 6, 2022.
Dreamfolks IPO price band is set at ₹326.00 per share . The lot size for an application is 46. The minimum amount of investment required by an retail is ₹14,168 (46 shares). The lot size investment for sNII is 14 lots (644 shares), amounting to ₹2,09,944, and for bNII, it is 67 lots (3,082 shares), amounting to ₹10,04,732.
Equirus Capital Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Dreamfolks IPO RHP for detailed Information.
| IPO Date | August 24, 2022 to August 26, 2022 |
| Listing Date | September 6, 2022 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹308 to ₹326 per share |
| Issue Price Final | ₹326 per share |
| Lot Size | 46 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 1,72,42,368 shares (aggregating up to ₹562.10 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 5,22,50,000 shares |
| Share Holding Post Issue | 5,22,50,000 shares |
Dreamfolks Services IPO offers total 1,72,42,368 shares. Out of which 1,29,31,777 (75.00%) allocated to QIB, 51,72,711 (30.00%) allocated to QIB, 25,86,355 (15.00%) allocated to NII, 17,24,236 (10.00%) allocated to RII and 77,59,066 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,29,31,777 (75.00%) | NA |
| − Anchor Investor Shares Offered | 77,59,066 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 51,72,711 (30.00%) | NA |
| NII (HNI) Shares Offered | 25,86,355 (15.00%) | NA |
| − bNII > ₹10L | 17,24,236 (10.00%) | 2,677 |
| − sNII < ₹10L | 8,62,119 (5.00%) | 1,338 |
| Retail Shares Offered | 17,24,236 (10.00%) | 37,483 |
| Total Shares Offered | 1,72,42,368 (100.00%) |
Dreamfolks IPO raises ₹252.95 crore from anchor investors. Dreamfolks IPO Anchor bid date is August 23, 2022. Dreamfolks IPO Anchor Investors list
| Bid Date | August 23, 2022 |
| Shares Offered | 77,59,066 |
| Anchor Portion Size (In Cr.) | 252.95 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 1, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 30, 2022 |
Dreamfolks IPO opens on August 24, 2022, and closes on August 26, 2022.
| IPO Open Date | Wed, Aug 24, 2022 |
| IPO Close Date | Fri, Aug 26, 2022 |
| Tentative Allotment | Thu, Sep 1, 2022 |
| Initiation of Refunds | Fri, Sep 2, 2022 |
| Credit of Shares to Demat | Mon, Sep 5, 2022 |
| Tentative Listing Date | Tue, Sep 6, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Aug 26, 2022 |
Investors can bid for a minimum of 46 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) 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 | 3,036 | ₹9,89,736 |
| B-HNI (Min) | 67 | 3,082 | ₹10,04,732 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 137.76 | 367.81 | 31.68 | 65.51 |
| 31-Mar-21 | 122.5 | 108.11 | -1.45 | 64.3 |
| 31-Mar-22 | 168.68 | 283.99 | 16.25 | 82.16 |
| Amount in ₹ Crore | ||||
The market capitalization of Dreamfolks IPO is ₹1703.35 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 104.82 |
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.
[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...
| Listing Date | September 6, 2022 |
| BSE Script Code | 543591 |
| NSE Symbol | DREAMFOLKS |
| ISIN | INE0JS101016 |
| Final Issue Price | ₹326 per share |
| BSE Listing Group | B |
Dreamfolks Services Ltd.
501, Tower 2, Fifth Floor,
Worldmark,
Sector-65
Gurgaon, Haryana, 122018
Phone: +91 0124 4173 560
Email: compliance@dreamfolks.in
Website: https://www.dreamfolks.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: dreamfolks.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Dreamfolks IPO is a main-board IPO of 1,72,42,368 equity shares of the face value of ₹2 aggregating up to ₹562.10 Crores. The issue is priced at ₹326 per share. The minimum order quantity is 46.
The IPO opens on August 24, 2022, and closes on August 26, 2022.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Dreamfolks IPO using UPI as a payment gateway. Zerodha customers can apply in Dreamfolks IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dreamfolks IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dreamfolks IPO opens on August 24, 2022 and closes on August 26, 2022.
Dreamfolks IPO lot size is 46, and the minimum amount required for application is ₹14,996.
You can apply in Dreamfolks IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Dreamfolks 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 IPO allotment status.
The Dreamfolks IPO listing date is on Tuesday, September 6, 2022.
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