Dreamfolks Services was originally incorporated as ‘Believe Tradelink Private Limited’ on April 24, 2008. Dreamfolks Services is India's largest airport service aggregator platform facilitating an enhanced airport experience to passengers leveraging a technology-driven platform. The company facilitates 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.
| Bidding Dates |
|---|
| 24 Aug 2022 - 26 Aug 2022 |
| Subscription |
|---|
| 56.68x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,996 | 1 | 13 | 46 | 17.2 M | ₹308 - ₹326 | 67 % | ₹5310.6 M - ₹5621.0 M | RHP DOC |
Dreamfolks Services IPO SUBSCRIPTION STATUS
26 Aug '22Dreamfolks Services IPO overall subscription rate was 56.68 times the total available shares
Dreamfolks Services IPO retail subscription rate was 43.64 times in the retail segment
Dreamfolks Services IPO non-institutional investor subscription rate was 37.66 times in the non-institutional investor category
Dreamfolks Services IPO Qualified Institutional Bidder subscription rate was 70.53 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
26 Aug 2022 (Day 3) | 43.64x | 37.66x | 70.53x |
25 Aug 2022 (Day 2) | 19.06x | 8.36x | 0.6x |
24 Aug 2022 (Day 1) | 7.93x | 1.39x | 0.25x |
Dreamfolks Services FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) | Margins |
| FY22 | 162.5 | 2,825.0 | -121.4 | -188.6 | 8.5% |
| FY21 | -14.5 | 1,056.3 | 62.6 | -296.0 | 1.9% |
| FY20 | 316.8 | 3,670.4 | 224.4 | 153.2 | 12.5% |
Dreamfolks Services IPO SUBSCRIPTION STATUS DETAILS
Dreamfolks Services had 17.2 M shares on offer
Dreamfolks Services IPO offer price was in the range ₹308 - ₹326
Dreamfolks Services IPO minimum Investment was ₹14996
Dreamfolks Services IPO issue size was ₹ 5310.6 M - ₹ 5621.0 M
Dreamfolks Services had a minimum lot size of 46 Shares per application
Dreamfolks Services NUMBER OF SHARES ON OFFER
Dreamfolks Services IPO IMPORTANT DATES
| Issue Open Date | 24 Aug 2022 |
| Issue close Date | 26 Aug 2022 |
| Allotment Date | 01 Sep 2022 |
| Refund Date | 02 Sep 2022 |
| Demat Account Credit Date | 05 Sep 2022 |
| Listing Date | 06 Sep 2022 |
| Listing on Exchange(s) | NSE and BSE |
| Dreamfolks Services Allotment Status | Exchange |
Dreamfolks Services IPO subscription opened on 24 Aug 2022, and closed on 26 Aug 2022
IPO allotment for Dreamfolks Services was finalized on Thursday, 01 Sep 2022
IPO listing for Dreamfolks Services was on NSE and BSE on Tuesday, 06 Sep 2022
Dreamfolks Services IPO LISTING GAINS
| Issue Price (adjusted) | 326.0 |
| Listing Open Price | 508.7 |
| Listing Close Price | 462.4 |
| Listing Gain% | 56.0% |
| Current Gain% | -78.5% |
Dreamfolks Services Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dreamfolks Services Ltd. | 70.1 | 366.3 | 32.3 | -0.4 | 0.6 | 3.7 | 3 | 679.6 | -47.7 | 11.6 | -82.3 | 2.2 | -82.3 |
| Indian Railway Catering & Tourism Corporation Ltd. | 520 | 41596 | 29.9 | 5 | 8 | 32.3 | 18.4 | 5475.2 | 11.7 | 1393.5 | 6 | 17.4 | 6 |
| TBO Tek Ltd. | 1610.9 | 17492.4 | 66.1 | 4.7 | 5.7 | 15.8 | 2.6 | 2728.7 | 51.7 | 244.3 | 6.3 | 24.4 | 14.1 |
| BLS International Services Ltd. | 254.3 | 10471.8 | 14.8 | 0.6 | 3.3 | 27.9 | 18.2 | 3093.4 | 36 | 686.7 | 35.1 | 17.1 | 24.9 |
| LE Travenues Technology Ltd. | 176.2 | 7773.4 | 90.9 | 2.8 | 6.1 | 3.5 | 2.8 | 1275.3 | 36.8 | 72.1 | 19.9 | 1.9 | 32.8 |
| Thomas Cook (India) Ltd. | 104.1 | 4898.6 | 22.4 | -1.7 | 0.6 | 8.6 | 2.8 | 8557.8 | 3.3 | 218.8 | -14 | 4.6 | -12.9 |
Dreamfolks Services INFORMATION ON IPO ISSUE
About Dreamfolks Services
Dreamfolks Services was originally incorporated as ‘Believe Tradelink Private Limited’ on April 24, 2008. Dreamfolks Services is India's largest airport service aggregator platform facilitating an enhanced airport experience to passengers leveraging a technology-driven platform. The company facilitates 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.
Object of the Issue
- To carry out the Offer for Sale of up to 17,242,368 equity shares by the selling shareholders with the benefits of listing the equity shares on the stock exchanges
Dreamfolks Services - PROMOTERS
| Name |
|---|
| Liberatha Peter Kallat |
| Mukesh Yadav |
| Dinesh Nagpal |
Dreamfolks Services Book Running Lead Manager
Equirus Capital Private Limited
dreamfolks.ipo@equirus.com
Motilal Oswal Investment Advisors Limited
dreamfolks.ipo@motilaloswal.com
Dreamfolks Services Registrar to the Offer
Link Intime India Private Limited
dreamfolks.ipo@linkintime.co.in
Dreamfolks Services Strengths
Dominant player
The company is a dominant player in the airport lounge aggregation industry in India with strong tailwinds
Strong business
The company has a strong business moat due to the flywheel effect led by clients and operator's network
100% coverage
The company continues to maintain 100% coverage of airport lounges by expanding coverage across new airport lounges in India
Expansion
The company is expanding into newer sectors to create customer engagement and provide loyalty management solutions
Dreamfolks Services Risks
Success is dependent on card networks
The company's success is dependent on card networks, card issuer financial institutions, airport lounge operators and other airport services providers
Dependent on the air travel industry
The company's operations are heavily dependent on the air travel industry and COVID-19 has had and may continue to have a material adverse effect on the travel industry
Incurred losses
The company has incurred losses in the past and may continue to incur losses in the future
Not paid dividends
The company has not paid dividends in the last 3 Fiscals and during the 6 month period ended September 30, 2021
IPO FAQs
This IPO consists of an offer for sale of up to Rs 562.1 crore, of 17,242,368 shares.
The promoters of the company are Liberatha Peter Kallat, Mukesh Yadav and Dinesh Nagpal.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 308.0 - 326.0.
The IPO application opens on Aug 24, 2022 and closes on Aug 26, 2022.
The minimum lot size for the IPO is 46. The maximum lot size for the IPO is 598.
For all category investors, the minimum application amount for this IPO is Rs. 14,996.0, the maximum value for this IPO is Rs 194,948.0.
This IPO will be allotted on Sep 01, 2022.
The refund will be credited to your account on Sep 02, 2022.
The allotted shares will be credited to your demat on Sep 05, 2022.
Dreamfolks Services Ltd.’s shares listed on the stock exchanges on Sep 06, 2022.