Dreamfolks IPO: Issue fully subscribed on BSE! know timeline from allotment date to listing date

Dreamfolks Services Limited IPO: Initial Public Offering (IPO) of airport service aggregator platform Dreamfolks Services Limited was fully subscribed at 1.19 times on the BSE on the day of its launch as per the data available on the BSE website as of 2:15 pm. The three-day issue ends on 26 August.

The Retail Individual Investors (RIIs) subscribed this issue 5.85 times around this time. Meanwhile, the Non Institutional Investors (NIIs) subscribed the issue 0.47 times. Only 9,108 share bids were received in the Qualified Institutional Buyers (QIBs) category where 51,72,711 shares are available for subscription.

On the NSE, the issue was subscribed 0.62 times around this time. The RIIs subscribed the issue 3.05 times. The NIIs subscribed it 0.23 times. The QIBs received share 64 share bids out of the 51,72,711 shares available for subscription.

Dreamfolks Services IPO: Indicative timelines  

1) Finalisation of Basis of Allotment with the Designated Stock Exchange On or about Thursday, 1 September, 2022.

2) Initiation of refunds (if any, for Anchor Investors)/unblocking of funds from ASBA Account On or about Friday, 2 September, 2022.

3) Credit of Equity Shares to demat accounts of Allottees On or about Monday, September 05, 2022

4) Listing Date: Commencement of trading of the Equity Shares on the Stock Exchanges On or about Tuesday, September 06, 2022    

The timeline has been shared by Edelweiss.

- Issue Opens: Wednesday, 24 August, 2022 and closes on Friday, 26 August, 2022

- Price Band: Rs 308 to Rs 326

- Bid Lot: 46 equity share & multiple shares

- Registrar: Link Intime India Private Limited

- Issue Size: 531 cr – 562 cr

- Offer For Sale: Up to 17,242,368 Equity Shares

Dreamfolks Services is largest airport service aggregator platform facilitating an enhanced airport experience to passengers leveraging a technology driven platform, a media release said. The company facilitates customers access to airport related services like lounges, food and beverage, spa, meet and assist, airport transfer, transit hotels /nap room access, and baggage transfer.

The company claims to be facilitating access to 100 per cent of the 54 lounges currently operational in India. The Promoters are Liberatha Peter Kallat, Mukesh Yadav and Dinesh Nagpal.