Dreamfolks Services Limited IPO Closed

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IPO date 24 Aug 2022 – 26 Aug 2022
Listing date 06 Sep 2022
Price range 308 – 326
Minimum order quantity 46
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Dreamfolks Services Limited is India’s largest airport service aggregator platform. It offers airport-related services such as Lounge Access, Food and Beverage offerings, Spa Services, Meet and Assist, Airport transfer services, Transit Hotels / Nap Room Access, and Baggage Transfer, amongst others.

Dreamfolks Services began operations in 2013 by facilitating lounge access services for the consumers of Mastercard and currently provides services to all the card networks operating in India, including Visa, Mastercard, Diners/Discover and RuPay, and many of India’s prominent card issuers, including ICICI Bank, Axis Bank, Kotak Mahindra Bank, HDFC Bank, and SBI Cards and Payment Services.

As of March 31, 2022, the company facilitated access to around 57 restaurants and food and beverage outlets at 18 airports in India and provided pick-up and drop facilities in 47 cities across India and 145 cities outside India. Along with this, it also provided lounge access at eight railway stations in India.

The entire public offer of Dreamfolk Services Limited is an offer for sale of 1.72 crore equity shares from existing shareholders.

Financial Snapshot

Financial Year Ended Revenue (₹ Crores) PAT (₹ Crores) EPS (₹)
March 2020 367.81 31.68 6.06
March 2021 108.11 -1.45 -0.28
March 2022 283.99 16.252 2.98

IPO Schedule

Issue Period 24th August to 26th August 2022
Finalization of Allotment 1st September 2022
Initiation of Refunds 2nd September 2022
Credit of Shares 5th September 2022
Date of Listing 6th September 2022
Mandate end date 11th September 2022
Anchor Investors Lock-In End Date 25th September 2022

How do I apply to the Dreamfolks Services Limited IPO?

You can apply for the Dreamfolks Services Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Dreamfolks Services Limited IPO?

You can check the allotment status for the Dreamfolks Services Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.