Airport service aggregator platform DreamFox Services’ three-day initial public offering (IPO) was subscribed 56.68 times on the last day of its subscription which closed on August 26. The issue received bids for 53,74,97,212 shares as against 94,83,302 shares. On offer as per exchange data.
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.
Leading the Premium (GMP) of the Shares of DreamFolks Services According to market observers, today 110 in the gray market. After the finalization of the share allocation this week, all eyes are now on the listing of Dreamfolx shares. The shares of the company are expected to be listed on the stock exchanges BSE and NSE next week on Tuesday, September 6, 2022.
IPO This was purely an offer for sale (OFS) of 1,72,42,368 equity shares by promoters Libertha Peter Kalat, Dinesh Nagpal and Mukesh Yadav. The post offer paid-up equity share capital of the public issue company will be 33%.
DreamFolks Services picked up 253 crores from anchor investors before its public offering that opened on August 24, 2022, and was in the range of its price 308-326 per share.
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.
Dreamfox is a leading player and India’s largest airport service aggregator platform (with over 80% share in the domestic lounge access market) to provide travelers with the convenience of an enhanced airport experience that leverages a technology driven platform. Is.
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.
Equirus Capital and Motilal Oswal Investment Advisors were the book running lead managers of the public issue. Link Intime India Pvt Ltd was the registrar of the initial share sale.
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