Here we list out important Dreamfolks IPO details that you should know ahead of the subscription opening date:
- Dreamfolks IPO GMP today: According to market observers, Dreamfolks IPO grey market premium (GMP) today is ₹65.
- Subscription date: As per the information available on BSE website, Dreamfolks Services Limited IPO will open on 24th August 2022 and it will remain open for subscription till 26th August 2022.
- Dreamfolks IPO price band: Company has fixed Dreamfolks IPO price band between ₹308 to ₹326 per equity share.
- Lot size: A bidder will be able to apply in lots and one lot of Dreamfolks IPO will comprise 46 shares of the company.
- Dreamfolks IPO financials: DreamFolks Services Ltd revenue from operations increased from ₹98.7 crore during fiscal 2017 to ₹367.04 crore in fiscal 2020, at a compound annual growth rate of 55 per cent.
- IPO proceeds: The book build issue is 100 per cent offer for sale (OFS) in nature that means Dreamfolks IPO proceeds will go to the pocket of promoters. The public issue will constitute 33 per cent of the post offer paid-up equity share capital of the company.
- Allotment date: The tentative date for Dreamfolks IPO allotment is 1st September 2022.
- Dreamfolks IPO listing: The public issue is proposed for listing on both NSE and BSE. The tentative date for IPO listing is 6th September 2022.
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.
Dreamfolks is a dominant player and India's largest airport service aggregator platform (with a share of over 80% in the domestic lounge access market) facilitating an enhanced airport experience to passengers leveraging a technology driven platform.
According to Axis Capital report, given their dominant position in the airport lounge access market, they have been successful in building a bridge between their clients and airport lounge operators. Their position in the industry enables them to create interdependencies for their service offerings through their unique value proposition enabling them to attract newer clients and operators, which helps them further strengthen their position in the market.
Dreamfolks intends to penetrate deeper into their existing sectors that they cater to by expanding their client base. They plan to increase the number of their clients in the banking, telecommunications, OTA, airlines sector. While some of these sectors such as banking have a number of entities that they could focus on, other sectors such as telecommunications despite not having many players are critical since each player added could significantly increase the number of Pax that they could cater to. Further, they propose to cater to the diverse requirements of these disparate entities by continuing to develop and build bespoke domain-specific solutions, tools, and portals for integration and management of the various airport services.
Also, the company intends to continue to develop bespoke solutions for their clients using their platform that focus on both
maximising the value for the consumer, and better manage the overall program and engagement cost for the Client.
