Dreamfolks ipo

IKIO Lighting IPO opens for subscription, GMP rises; should you subscribe to Rs 607 crore public issue? The finalisation of basis of allotment of shares will take place on 1 September, and initiation of refunds or unblocking of funds from ASBA account will happen on 2 September. The credit of equity shares to demat account to allottees is likely to happen on 5 September. The stocks are expected to be listed on stock exchanges on 6 September. The company will not directly receive any proceeds from the offer. The average return on Net Worth (RoNW) stood at 30.40x. Dreamfolks facilitates an enhanced airport experience for passengers, leveraging its technology-driven platform. The company’s asset-light business model integrates global card networks operating in India, credit card and debit card issuers and other corporate clients, including airline companies, with various airport lounge operators and other airport related service providers on a unified technology platform. Also read: Company to benefit as Indian lounge market expected to grow at 4 times by 2040 According to the DRHP, the airport lounges have grown steadily in India over the past 5 years. The growth was being driven by the metro cities until about 2-3 years ago, however in the past 2 years the lounges have been expanding in non- metro airports as well. Any airport with a passenger movement of around 5-6 million a year can accommodate a successful lounge. The number of lounges in an airport is proportional to th...

As at September 30, 2022, through our partnerships with other service providers, we have a global footprint extending to 1,483 Touch-points in 121 countries, across the world out of which, 268 touch-points are present in India and 1,215 Touch-points overseas. One of the key aspects of our business model is a strong focus on technology. Our technology platform: • Aims at ensuring that all entities on our platform i.e., Clients, Operators and Consumers, have a ‘hassle-free’ experience. • Addresses aspects such as benefits calculation and accounting, provides real time visibility of transactions to Clients and Consumers, reduces potential fraud and abuse, as well as provides the platform for Clients to run usage and spend based campaigns for their users. • Leverages our configuration-driven extendible platform with solution templates for flexibility, reliability and customization, to provide solutions for multiple access models. • Enables omni-channel access for Card Based transactions, through membership cards, and also facilitates digital access via our Client’s banking apps (called ‘in-app’), or our DreamFolks mobile Application (DreamFolks App), using our Hybrid model.

DreamFolks Services DreamFolks Services IPO: Subscription Status The retail portion of DreamFolks Services IPO has been subscribed 19.1 times. The total issue size was reduced to 94.83 lakh shares from 1.72 crore shares after DreamFolks raised Rs 253 crore through its anchor book on August 23. Non-institutional investors have bid for 8.4 times shares set aside for them, while the qualified institutional buyers’ portion was booked 60 per cent. DreamFolks Services IPO: IPO Details Investors can make a bid of a minimum of 46 equity shares and in multiples of 46 equity shares thereafter. The DreamFolks public issue is proposed for listing on both NSE and BSE and the tentative DreamFolks IPO listing date is September 6, 2022. The issue is entirely an offer for sale (OFS) of up to 1,72,42,368 equity shares with a face value of Rs 2 each by its promoters Liberatha Peter Kallat, Mukesh Yadav and Dinesh Nagpal. DreamFolks Services IPO: Valuation In terms of valuations, the post-issue P/E works out to 104.8x FY22 EPS (at the upper end of the issue price band). However, the multiple looks higher mainly due to lower profitability caused by pandemic-led issues, Angel One said. DreamFolks Services IPO: GMP Today According to market observers, after a strong response by retail investors to the public issue, DreamFolks IPO grey market premium (GMP) surged from Rs 60 to Rs 83 in just one day. They said that for the last two days, the secondary market mood has remained positive and it has i...

Premium Dreamfolks Services IPO: Offer fully subscribed within hours of opening; all you need to know Dreamfolks Services IPO Oversubscribed on Day 1. Check GMP and other details: The Rs 562.1 crore initial public offering (IPO) of airport service aggregator platform Dreamfolks Services got fully subscribed within hours of opening on the first day. The IPO is available from August 24-26, 2022 and has a price band of Rs 308-326 per share. Dreamfolks Services IPO GMP: The initial public offering (IPO) of airport service aggregator platform Dreamfolks Services opened for subscription on Wednesday, August 24, 2022, and was oversubscribed within a few hours on the first day of bidding. The issue opened for public subscription at 10 am and was subscribed 1.05 times as on 1:36 pm. It received total bids for 99,48,328 shares across both the stock exchanges against 94,83,302 shares on offer, data from National Stock Exchange (NSE) showed. The Rs 562.1 crore Dreamfolks Services Rs 308-326 per share. Dreamfolks Services IPO is entirely an offer for sale of up to 1.72 crore (1,72,42,368) equity shares by promoters – Liberatha Peter Kallat, Mukesh Yadav and Dinesh Nagpal, and the company will not receive any proceeds from the offer, according to the information provided in the Dreamfolks Services is the country’s largest airport service aggregator platform facilitating enhanced airport experience to passengers through a technology-driven platform. Its asset-light business model integra...

• • • • Dreamfolks Services IPO: Issue subscribed 56.68 times on final day led by QIBs and retail investors Dreamfolks Services IPO: Issue subscribed 56.68 times on final day led by QIBs and retail investors Dreamfolks Services IPO subscription status: The initial public offering (IPO) of electronic manufacturing services firm Syrma SGS Technology was subscribed 56.68 times on the final day. Dreamfolks Services IPO: The initial public offering (IPO) of airport service aggregator platform Dreamfolks Services, which got fully subscribed within hours of opening earlier this week, was subscribed 56.68 times on the final day, according to the data available on the BSE. The Rs 562.1 crore offer received bids for nearly 53.75 crore (53,74,97,212) shares against the issue size of nearly 95 lakh (94,83,302) shares, the data showed. The shares which are to be allocated for the qualified institutional buyers (QIBs) was subscribed 70.53 times, while the portion for non institutional investors was subscribed 37.66 times and that of retail individual investors (RIIs) was subscribed 43.66 times, the Dreamfolks Services The 3-day IPO opened for subscription on Wednesday, August 24, 2022, and concluded at 5 pm today. It has a price band of Rs 308-326 per share. Right before the start of the IPO, Dreamfolks Services raised nearly Rs 253 crore (Rs 2,52,94,55,516) from 18 anchor investors. Dreamfolks Services is the country’s largest airport service aggregator platform facilitating enhanced a...

Dreamfolks Services IPO review: The initial public offering of Dreamfolks Services, India's largest airport service aggregator platform, has opened for subscription on Wednesday, August 24. The Rs 562-crore entirely offer for sale IPO will close on Friday, August 26, 2022. The company has set aside up to 17,242,368 equity shares for the OFS. The investors can bid in a lot of 46 shares and multiple shares thereof. The company has set aside an amount of Rs 421.58% or 75% of the overall issue size of Rs 562.10 crore for Qualified Institutional Buyers (QIBs). Besides, Rs 84.32 crore or 15% of the total size has been earmarked for NIBs. Likewise, the company has kept shares worth Rs 56.21 crore or 10% for retail investors. Dreamfolks Services Ltd. plans to carry out the offer for the sale of up to 17,242,368 equity shares by the selling shareholders with the benefits of listing the equity shares on the Stock Exchanges. Further, The Company expects that the listing will enhance its visibility and brand image and provide liquidity to the shareholders. What should investors do? Meanwhile, citing expensive valuations, Zee Business Managing Editor Anil Singhvi on Wednesday suggested investors to apply for short-term in the IPO. "One should apply for only listing gains in this IPO. Whether one should stay put with this company or not, we will talk about it posting," he said Though Singhvi agreed that the company is unique and has a monopoly in its business. Speaking about the positiv...

Opening Date 24, Aug 2022 Closing Date 26, Aug 2022 Face Value ₹2 per equity share IPO Price Band ₹308 to ₹326 per equity share Minimum Order Quantity 46 Shares Issue Size ₹562.10 Cr The volatility in the market in recent times has kept new companies at the bay. Many companies, although have received a green-signal from SEBI have put a halt in the release of their IPOs, fearing the negative sentiments around the market. The news of inflation, recession, growing war-like conditions has brought turmoil into the minds of the investors, who are skeptical on investing in new-age companies. After the opening of Syrma SGS Technologies Ltd, the next IPO in the queue is Dreamfolks Services IPO Ltd which is going live on Aug 24, 2022 and will be open for subscription until Aug 26. Let’s dive deep into the details to know if this IPO is investment worthy or not! About Dreamfolks Services 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. The company 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. The company offers a wide-ranging bouquet of services to their end cust...

Dreamfolks Services IPO Subscription Status Live Dreamfolks Services IPO subscribed 56.68 times. The public issue subscribed 43.66 times in the retail category, 70.53 times in QIB, and 37.66 times in the NII category by Aug 26, 2022. Investor Category Subscription (times) Shares Bid for Total Amount (Rs Cr.)* Qualified Institutions 70.53 36,48,13,442 11,892.92 Non-Institutional Buyers 37.66 9,74,04,448 3,175.39 bNII (bids above ₹10L) 40.94 7,05,92,060 2,301.30 sNII (bids below ₹10L) 31.10 2,68,12,388 874.08 Retail Investors 43.66 7,52,79,322 2,454.11 Employees [.] 0 0 Others [.] 0 0 Total 56.68 53,74,97,212 17,522.41 Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range. Dreamfolks Services IPO Shares Offered Dreamfolks Services IPO is a public issue of 9,483,302 equity shares. The issue offers 1,724,236 shares to retail investors, 5,172,711 shares to qualified institutional buyers, and 2,586,355 shares to non-institutional investors. Category Shares Offered Amount (Rs Cr) Size (%) QIB 5,172,711 168.63 54.55% NII 2,586,355 84.32 27.27% bNII (bids above ₹10L) 1,724,236 56.21 18.18% sNII (bids below ₹10L) 862,119 28.11 9.09% Retail 1,724,236 56.21 18.18% Total 9,483,302 309.16 100% IPO Investor Categories • Qualified Institutional Buyers (QIB) Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP ...