Airport service aggregator DreamFolks Services’ three-day initial public offer (IPO) was subscribed 56.68 times on the last day of its subscription on Friday, 26 August, receiving bids for 53,74,97,212 shares as against 94,83,302 shares on offer. Happened. The share of qualified institutional buyers (QIBs) was subscribed 70.53 times, retail investors 43.66 times and non-institutional investors (NIIs) 37.66 times.
The initial share sale, which was purely an offer for sale (OFS) of 1,72,42,368 equity shares, was in the price range of 308-326 per share. DreamFolks Services picked up 253 crore from anchor investors ahead of the public issue that opens on Wednesday, August 24, 2022.
Finalization of Basis for Allotment of Shares of Dreamfolks Services IPO The next week is expected to be on Thursday, 1st September, 2022 and if allotted, the shares in the demat account of the bidders will be credited on Monday, 5th September. The registrar link for this IPO is Intime India Pvt Ltd, hence the allotment application can be checked on the registrar’s website Here or on BSE website Here,
Leading the Premium (GMP) of the Shares of DreamFolks Services According to market observers, 80 in gray market today. The company’s shares are expected to be listed on the stock exchanges BSE and NSE on Tuesday, September 6, 2022.
DreamFolks facilitates an enhanced airport experience for travelers, leveraging its technology-driven platform. The company’s asset-light business model integrates global and domestic networks, credit card and debit card issuers and other corporate customers including airline companies with various airport lounge operators and other airport-related service providers on a single integrated technology platform.
As of March 31, 2022, DreamFork had 50 customers including the card network and several major card issuers in India. From the financial year 2020 to March 31, 2022, 9.79 million PACS had cumulatively availed their services.
As per the Axis Capital report, given Dreamfolx Services’ dominant position in the industry enables them to create interdependence for their service offerings through their unique value proposition, enabling them to attract new customers and operators. Which helps them to further strengthen their position in the market.
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