Dreamfolks Services IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Airport service aggregator platform provider Dreamfolks Services Limited obtained SEBI approval for the DRHP filed earlier in the year.
The company has proposed to raise money by way of an Offer for Sale by the company’s promoters. Dreamfolks Services IPO will not contain any fresh issue of equity shares.
Dreamfolks Services IPO Review will guide you through all the details related to the company, its operations, management, financial statements, and further IPO details, IPO size, IPO Price, share offerings, and IPO GMP.
| Face Value | Rs 2 |
| Price Band | Rs. 308 to Rs. 326 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 46 shares |
| Listing Date | Sep 6, 2022 |
| Offer for Sale | Rs. 562.10 Crores |
| Fresh Issue | – |
| IPO Size | Rs. 562.10 Crores |
| Tick Size | 1 |
Dreamfolks Services IPO Overview
Dreamfolks Services IPO will be an offer for sale for up to 2,18,14,200 equity shares.
The company will not be issuing new shares in the IPO. Through the IPO, promoters will be offloading their stakes in the company.
The capital market regulator has approved the IPO. The company will now proceed toward opening the IPO and inviting bids from the public.
Dreamfolks Services IPO Important Dates
| Events | Date |
| IPO Opening Date | Aug 24, 2022 |
| IPO Closing Date | Aug 26, 2022 |
| Basis of Allotment Finalization | Sep 1, 2022 |
| Refunds Initiation | Sep 2, 2022 |
| Credit of Shares to Demat Account | Sep 5, 2022 |
| Share Listing Date | Sep 6, 2022 |
Dreamfolks Services Limited filed the Draft Red Herring Prospectus with the capital market regulator, SEBI, in January 2022.
It has now received the authority’s approval to go ahead with the IPO and list the shares on the stock exchange. The company received the observation letter early, along with other companies that applied for IPO approval.
Soon, the company will announce the Dreamfolks Services IPO Dates and will open the IPO.
Dreamfolks Services IPO Price, Size, Share Offerings
| Face Value | Rs.2 |
| Price Band | Rs. 308 to Rs. 326 |
| Offer for Sale | Rs. 562.10 Crore |
| Fresh Issue | – |
| IPO Size | Rs. 562.10 Crore |
Dreamfolks Services IPO Size will entirely consist of the equity shares offered by way of Offer for Sale. In aggregate, the company’s promoters will sell 2,18,14,200 equity shares in the IPO.
The company and the selling shareholders of the company will determine the Dreamfolks Services IPO Price by means of the Book Building Process.
Book Building is an effective way of price discovery of the equity shares. The face value of the offered equity shares is Rs. 2 each.
Dreamfolks Services IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| 1 September 2022 | Rs. 95 | Rs. 200 | Rs. 3500 |
| 30 August 2022 | Rs.105 | Rs. 200 | Rs. 3500 |
| 29 August 2022 | Rs. 80 | Rs. 100 | Rs. 3000 |
| 26 August 2022 | Rs. 80 | Rs. 100 | Rs. 3000 |
| 25 August 2022 | Rs. 75 | Rs. 100 | Rs. 3000 |
| 24 August 2022 | Rs. 75 | Rs. 100 | Rs. 3000 |
| 23 August 2022 | Rs. 65 | Rs. 100 | Rs. 1500 |
| 22 August 2022 | Rs. 85 | NA | NA |
Before they are listed on a stock exchange, the shares of a company are usually traded in the Grey Market. The market operates in an unofficial setting outside the company’s purview.
The stock exchange or SEBI does not generally regulate or get involved in the transactions undertaken in the Grey market.
Although it is unofficial, its significance in an IPO cannot be underestimated. And Dreamfolks Services IPO GMP will be an important factor in the IPO.
Dreamfolks Services IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 24 Aug | 0.25x | 1.39x | 7.93x | 1.96x |
| 2nd Day – 25 Aug | 0.60x | 8.40x | 19.10x | 6.09x |
| 3rd Day – 29 Aug | 70.53x | 37.66x | 43.66x | 56.68x |
| Shares Offered or Net Issue | 5,172,711 | 2,586,355 | 1,724,236 | 9,483,302 |
An offer for Sale is a means where the company’s shareholders can sell their shares and lower their holdings or exit the company in an easy way. In an IPO, the offer is reserved for a certain category of investors.
The Dreamfolks Services IPO Subscription will be reserved in the following manner – 75% of the offer will be reserved for allocation to the qualified institutional buyers (QIBs), 15% of the issue will be allocated to the of Non-Institutional Bidders, and the rest 10% will be allocated to the retail individual bidders.
Dreamfolks Services IPO Allotment Status
The company will provide Dreamfolks Services IPO Allotment date in a short time. As it has now received the approval to float the IPO, the company will soon launch the IPO in the market and garner funds from the public.
Dreamfolks Services IPO Live Performance
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Dreamfolks Services – Company Review
The company first started its operations as “Believe Tradelink Private Limited” in 2008. The company later changed its name to “Dreamfolks Services Private Limited” in 2015.
Dreamfolks Services was operating in the form of a private limited company until 2021. After that, in October 2021, the company passed the resolution towards the conversion into a public limited company.
And subsequently, its name was changed to Dreamfolks Services Limited.
Dreamfolks Services Limited is one of the biggest players in the services as an airport service aggregator platform. It works towards offering a more comfortable airport experience for travelers.
The entity is technology-driven and is dedicated to furnishing world-class services.
Products or Services
Dreamfolks Services is an airport solution provider. It ensures a comfortable and above the expectation experience at the airport for the travelers.
The company was incorporated in 2008 and has been in operation for over a decade. It has brought various facilities and easement supplies for the customers.
The company consists of a well-built team that strives to work devotedly to accomplish the company’s mission and abide by its vision.
Promoters and Holding
The Promoters of Dreamfolks Services Limited are:
- Liberatha Peter Kallat
- Mukesh Yadav
- Dinesh Nagpal
The management of the company consists of:
- Liberatha Peter Kallat, in the position of Chairperson and Managing Director
- Mukesh Yadav, in the position of Non-Executive Director
- Dinesh Nagpal, in the position of Non-Executive Director
- Balaji Srinivasan, in the position of Executive Director
- Sharadchandra Damodar Abhayankar, in the position of Independent Director
- Mario Anthony Nazareth, in the position of Independent Director
- Aditi Balbir, in the position of Independent Director
- Sudhir Jain, in the position of Independent Director
- Giya Diwaan, in the position of Chief Financial Officer
- Rangoli Aggarwal, in the position of Company Secretary
Is Dreamfolks Services good for Investment?
Dreamfolks Services Limited is a technology-driven company that offers enhanced airport experience for passengers through its proprietary technology solutions.
The company’s operations are spread overseas as well through its partnerships with other service providers. They have 1,259 Touch-points in 121 countries.
The company largely depends on technology and continually makes new advancements to better serve the audience. They have a good reputation over the years and have emerged as a major player.
Dreamfolks Services Financial Statements
| Amount (in INR & Million) | ||||
| 30-Sept-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Assets | 1,225.62 | 1,225.02 | 1,377.59 | 891.59 |
| Revenue | 862.31 | 1,081.09 | 3,678.08 | 2,484.88 |
| Expense | 849.46 | 1,083.10 | 3,242.51 | 2,266.22 |
| Profit After Tax | 11.10 | (14.50) | 316.83 | 152.71 |
The company’s financial records drive as one of the primary aspects bearing substantial weightage. Let’s see what the financial records of Dreamfolks Services Limited have to say.
The company’s total income has clocked incredible results in some years and has gone down in the other.
In the last financial years, the revenues have been 2,484.88 million in 2019, 3,678.08 million, and 1,081.09 million in 2021, respectively.
The Profits of the company also show a swinging graph. In the financial year 2019-2020, the company reported a profit of 435.57 million, and in the subsequent year, it went down to a loss of (2.01) million.
| Earnings per Equity Share (in Million) | ||||
| 30-Sept-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 0.21 | (0.28) | 6.06 | 2.92 |
The EPS of Dreamfolks Services Limited was moving upward till March 31, 2020, with Rs. 6.06, which dived to Rs. (0.28) in March 31, 2021. As of September 2021, the EPS was Rs. 0.21.
Dreamfolks Services IPO Review
Dreamfolks Services IPO is an offer for sale for up to 2,18,14,200 Equity Shares by the company’s promoters, where Liberatha Peter Kallat will be selling 17,242,400 shares, Mukesh Yadav will be selling 17,764,800 shares, and Dinesh Nagpal will be selling 17,242,400 shares.
The objective of the IPO is to execute the share sale and achieve the benefits of listing the shares on the stock exchange.
Post the IPO, the shareholding of the promoters will be decreased. It will constitute up to 41.75% of the post-issue paid-up equity share capital.
Also, the company will not receive any proceeds from the IPO as it is entirely a share sale by the shareholders.
Dreamfolks Services IPO Details
Here are few more details you need to know before investing in Dreamfolks Services IPO –
Dreamfolks Services IPO Issue Object
Dreamfolks Services has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Utilisation of the Offer Proceeds by Selling Shareholders
- Offer related expenses
- Monitoring utilization of funds
- Appraising Entity
- Other confirmations
Dreamfolks Services IPO – Basis of 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:
- Dominant player in the airport lounge aggregation industry in India with strong tailwinds;
- Entrenched relationships with marquee Clients including global card network providers in India and prominent Indian and global banks and corporates;
- Strong business moat due to flywheel effect led by Clients and Operators network;
- Ability to capitalize on growing Consumer base with no associated costs of direct Consumer acquisition;
- Asset and human resource light business model with a strong track record of delivering consistent growth;
- Proprietary technology platform that ensures scalability; and
- Experienced promoters and management team with strong domain expertise
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | (0.28) | (2.25) | 12.31 |
| 31-Mar-20 | 6.06 | 48.36 | – |
| Mar-19 | 2.92 | 44.70 | – |
Dreamfolks Services IPO Lead Managers
Here are the list of Lead managers –
- Equirus Capital Private Limited
- Motilal Oswal Investment Advisors Limited
Dreamfolks Services IPO Registrar to offer
Check out the details of the registrar here –
Link Intime India Private Limited
C 101, 247 Park,
L.B.S. Marg, Vikhroli (West),
Mumbai 400 083
Tel: +91 22 4918 6200
E-mail: dreamfolks.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance e-mail: dreamfolks.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration Number: INR000004058
Dreamfolks Services IPO – Other Details
- Statutory Auditor – S.S. Kothari Mehta and Company
- Legal Counsel to the Company – Bharucha & Partners
- Bankers to the Company – IndusInd Bank, ICICI Bank, Axis Bank, HDFC Bank
Dreamfolks Services IPO – Conclusion
Dreamfolks Services Limited is a leading company in the segment, and it has achieved immense success and recognition over the years of operations.
Through the IPO, the company will be executing the share sale by the selling shareholders. The company will not be receiving any funds. It is an easy and transparent way out for the shareholders to lower their holding.
Investors should take into consideration all the essential factors related to the company and the upcoming before investing.
To Subscribe to Dreamfolks Services IPO – Open Demat Account Now!
Dreamfolks Services IPO Review FAQs
Check out the FAQs on Dreamfolks Services IPO –
What is the Issue Size of Dreamfolks Services IPO?
The Company is making an initial public offer of 21,814,200 equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Dreamfolks Services IPO?
The price band for this particular IPO ranges between Rs.308 to Rs. 326. As far as the face value of the share is of concern, it is Rs.2 per share.
What is the Dreamfolks Services IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Aug 24, 2022, while the closing date is set at Aug 26, 2022.
What is the Dreamfolks Services IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on Sep 1, 2022, refund initiation is on Sep 2, 2022, credit of shares is on Sep 5, 2022, and share listing date is on Sep 6, 2022.
What is the Dreamfolks Services IPO Listing Date?
Shares of this company shall be listed in the exchanges Sep 6, 2022. The date, when the listing would be done, is stagnant on Sep 6, 2022.
Who is the Registrar of Dreamfolks Services IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Dreamfolks Services IPO?
Here are the promoters of this IPO – LIBERATHA PETER KALLAT, MUKESH YADAV AND DINESH NAGPAL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Dreamfolks Services IPO?
They have obtained the GMP of this IPO and it is Rs.95. Further insights of Kostak rate Rs.200 and subject to sauda Rs.3500 or SS are as well included in this report.
Is Dreamfolks Services IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Dreamfolks Services Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide.
PAT for the financial year 2021 in Million is (14.50), 2020 is 316.83, 2019 is 152.71. PAT from Sept 2021 is 11.10.
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