Dream Gateway Hotels IPO – Review, Allotment, Subscription, Price, GMP & more
Last Updated Date: Nov 16, 2022Dream Gateway Hotels is the leading hospitality business based out of Kolkata. The Company has issued 33,90,400 Equity shares of Rs.10 each.
Let’s have a detailed review of the company and analytics of the Dream Gateway Hotels IPO release date, IPO offer price, subscription, Dream Gateway Hotels allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Dream Gateway Hotels IPO Review & Ratings
| Dream Gateway Hotels IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 6.3/10 |
| Industry Ranking | 6.3/10 |
| Company Background | 6.1/10 |
| Company Reputation | 6.4/10 |
| Competitive Edge | 6.4/10 |
| Financial Statements | 6.5/10 |
| Popularity Index | 6.2/10 |
| Promoters Reputation | 6.3/10 |
| Retail Appetite | 6.2/10 |
| Top Brokers Review | 6.3/10 |
| Overall Ratings | 6.3/10 |
| Star Ratings | ★★★☆☆ |
Summary of Dream Gateway Hotels IPO
Dream Gateway Hotels, a Kolkata based Jain Group is one of the most dynamic and respected organizations in the Real Estate, Hospitality and Finance sectors in East India. More than three decades ago, the visionary Founder and Chairman of the Group, Mr. Premlal Jain, established the auto financing division christening it as Jain Finance Corporation. In 2004, The Group successfully ventured into Real Estate by creating a series of abodes at strategic locations in Kolkata, Siliguri and Durgapur under the aegis of Dream Homes.
Since the inception, the Group has already developed and delivered more than 1.3 million sq. ft. of residential spaces. The Group has completed 12 projects that have been extremely well appreciated by the customers, investors and the residents of the projects.
The Promoter of this company isMr. Prem Lal Jain , Mr. Rishi Jain, Mr. Shrayans Jain, Mrs. Pramila Jain. The lead manager to the issue is FINSHORE MANAGEMENT SERVICES LIMITED and the Registrar to this issue is KARVY COMPUTERSHARE PRIVATE LIMITED.
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Dream Gateway Hotels IPO Date
The opening and the closing date of IPO of Dream Gateway Hotels is not known yet.
Dream Gateway Hotels IPO Subscription
| Subscription | |
| Day 1 | X |
| Day 2 | X |
| Day 3 | X |
| Day 4 | X |
| Day 5 | X |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Dream Gateway Hotels IPO Allotment Status
The Issue is being made through the Fixed Price Process wherein up to 33,90,400 Equity Shares shall be reserved for Market Maker upto 1,69,600 Equity shares will be allocated on a proportionate basis to Retail Individual Applicants, subject to valid applications being received from Retail Individual Applicants at the Issue Price. The balance of the Net Issue will be available for allocation on proportionate basis to Non Retail Applicants.
Dream Gateway Hotels IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Dream Gateway Hotels IPO Equity Share Offering
33,90,400 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed so it will be aggregated to Rs (X* Issue Price).
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Dream Gateway Hotels Limited – Company Overview
Dream Gateway Hotels is a Kolkata based Jain Group and one of the most dynamic and respected organizations in the Real Estate, Hospitality and Finance sectors in East India. More than three decades ago, the visionary Founder and Chairman of the Group, Mr. Premlal Jain, established the auto financing division christening it as Jain Finance Corporation. The Group has to its credit an array of achievements and is recognized today as a seasoned player in the field of automobile finance. Topaz Motors came into being in 1998 as a car dealership agency. Within a short span of two years Topaz bagged the Best Dealer Award for Eastern India. Topaz Motors soon became a dealer for Skoda Auto India, a wholly owned subsidiary of the German Auto major, Volkswagen, for their range of vehicles in Eastern India.
Competitive Strengths of Dream Gateway Hotels Limited:
- Diverse portfolio of Services.
- Established relationship with clients leading to recurring business.
- Experienced management and operational team.
- Customer Satisfaction.
- Diversified Industry Sectors.
Business strategies of Dream Gateway Hotels Limited:
- The company is going to cross leverage the Real Estate & Hospitality Service to benefit both wings of Business.
- Reduction of funding costs.
- Improve performance and enhance returns from the core business.
- Attracting and retaining the highest quality professionals.
- Optimal Utilization of Resources.
Dream Gateway Hotels – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | |||||
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 1,442,474,834 | 1,453,207,800 | 1,461,751,034 | 983,902,085 | 761,085,088 |
| Total Revenue | 350,167,142 | 284,985,048 | 4,418,193 | 955,161 | 1,546,934 |
| Total Expense | 338,591,989 | 275,186,580 | 4,246,634 | 718,287 | 1,084,412 |
| Profit After Tax | 7,602,004 | 5,517,497 | (16,052) | 162,604 | 305,663 |
Earnings per Equity Share (in Lakhs)
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | |
| Basic | 1.88 | 1.36 | 0.00 |
| Diluted | 1.88 | 1.36 | 0.00 |
From the above statements, one could find that the Dream Gateway Hotels may perform well.
Dream Gateway Hotels IPO – Promoters
The Promoter of this company are:
- Mr. Prem Lal Jain
- Mr. Rishi Jain
- Mr. Shrayans Jain
- Mrs. Pramila Jain
List of Related Parties (Key Managerial Personnel)
- Mr. Ayush Ruia
- Mr. Rakesh Kumar Agarwal
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Dream Gateway Hotels IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | 33,90,400 Equity Shares of Rs 10/- each at an Issue Price at 90 per share |
| Of which: | |
| Reserved for Market Makers | 1,69,600 Equity Shares of Rs 10/- each |
| Net Issue to the Public | 32,20,800 Equity Shares of Rs 10/- each |
| Of which: | |
| Retail Investors Portion | 711000 Equity Shares of Rs 10/- each |
| Non-Retail Investors Portion | X Equity Shares of Rs 10/- each |
| Equity Shares outstanding prior to the Issue | 81.026 Equity Shares of Rs 10/- each |
| Equity Shares outstanding after the Issue | 114.930 Equity Shares of Rs 10/- each |
Dream Gateway IPO Issue Object
These are the IPO Issue Objects of the company
- Expansion of Holiday Inn Hotel – Construction of Banquet
- Repayment of Term Loan from Yes Bank
- General Corporate Purposes, and Issue related expenses
Dream Gateway IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Established brand and image
- Domain expertise and technical excellence
- Impeccable Track Record
- Growth Oriented
- Rich Management Experience
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-15 | 0.040 | 0.09%% | 484.92 |
| 31-Mar-16 | -0.004 | -0.01% | 485.39 |
| 31-Mar-17 | 1.362 | 3.00% | 506.92 |
- Industry P/E Ratio:
| Particulars | P/E ratio |
| Average | 46.9 |
| Highest | 103.8 |
| Lowest | 6.1 |
- Competitive Peers:
Dream Gateway Hotels IPO Lead Managers
| Lead Managers |
| FINSHORE MANAGEMENT SERVICES LIMITED “Anandlok”, Block-A, 2nd Floor, Room No. 207, 227 A.J.C Bose Road, Kolkata-700020 Tel No.: +91 – 33 – 22895101 Email: ramakrishna@finshoregroup.com Website: www.findhoregroup.com Investor Grievance Email: info@finshoregroup.com Contact Person: Mr. S. Ramakrishna Iyengar SEBI Registration No. INM000012185 |
Dream Gateway Hotels IPO Registrar to offer
| Registrar to the Offer |
| KARVY COMPUTERSHARE PRIVATE LIMITED Karvy Selenium Tower, B Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad-500 032, India Tel. No.: +91 – 40 –67162222, Fax No.: +91 – 40 –23431551 E-mail: dreamhotels.ipo@karvy.com Website: www.karisma.karvy.com Investor Grievance Email: einward.ris@karvy.com Contact Person: Mr. Murali Krishna M SEBI Registration No.: INR000000221 |
Other Details:
- Statutory Auditor –M/s. Sandeep Agarwal, Chartered Accountants
- Peer Review Auditor –M/s. AMK & Associates
- Bankers to the Company – HDFC Bank
Dream Gateway Hotels IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 6.5/10 | 6.6/10 | 6.6/10 | 6.4/10 | 6.4/10 |
| Sharekhan | 6.7/10 | 6.4/10 | 6.6/10 | 6.1/10 | 6.2/10 |
| Kotak Securities | 6.7/10 | 6.7/10 | 6.7/10 | 6.4/10 | 6.3/10 |
| ICICI Direct | 6.6/10 | 6.3/10 | 6.7/10 | 6.5/10 | 6.5/10 |
| IIFL | 6.4/10 | 6.7/10 | 6.8/10 | 6.4/10 | 6.7/10 |
| Edelweiss | 6.7/10 | 6.4/10 | 6.4/10 | 6.3/10 | 6.7/10 |
| Zerodha | 6.5/10 | 6.4/10 | 6.7/10 | 6.4/10 | 6.5/10 |
| 5Paisa | 6.7/10 | 6.4/10 | 6.3/10 | 6.7/10 | 6.5/10 |
| Karvy | 6.8/10 | 6.3/10 | 6.7/10 | 6.4/10 | 6.0/10 |
| Motilal Oswal | 6.6/10 | 6.4/10 | 6.6/10 | 6.6/10 | 6.4/10 |
The ratings would be updated once the financials and the other details of the IPO are released.
DREAM GATEWAY HOTELS IPO Grey Market Premium
The Dream Gateway Hotels IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.
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Dream Gateway Hotels IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
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