DreamFolks Services IPO: This IPO Will Open On August 24

DreamFolks Services IPO: This IPO will open on August 24, check all the details here.

DreamFolks Services, a leading provider of services like food, spa, and lounge at the airport, is coming up with an IPO.

Airport service aggregator platform Dreamfox Services Limited’s IPO will open on August 24. According to the IPO documents, the issue, open for three days, will close on August 26.

However, anchor investors will be able to subscribe to the issue a day before i.e. on August 23.

Let us tell you that Dreamfoams is the same company, which provides many facilities to the passengers to get the advanced experience at the airports. Let us know in detail about the company and its IPO.

Company Information.

DreamFolks provides better facilities to the passengers at the airport through its platform.

The company’s asset-light business model brings together the global card network operating in India and credit card and debit card issuers with various airport lounge operators and other airport service providers on a common tech platform.

This gives passengers easy access to airport-related services such as lounges, food, and beverage, spas, and meat and assists airport transfers, transit hotels or restrooms, and baggage transfer services.

Its revenue grew at a CAGR (Compound Annual Growth Rate) of 55 percent between FY 2016-2017 to FY 2019-20.

At the same time, in the financial year 2017, it had an income of Rs 98.7 crore, while in the financial year 2020 the company had a revenue of Rs 367.04 crore.

Dreamfox Services Limited IPO Details.

This IPO will be open for subscription between August 24-26. The issue will open a day earlier on August 23 for anchor investors.

The issue is purely an offer for sale and the company’s promoters Libertha Peter Kalat, Dinesh Nagpal, and Mukesh Yadav will sell 1.72 crore equity shares under the OFS window.

This will be 33 percent of the paid-up equity share capital of the company after the issue. Equirus Capital and Motilal Oswal Investment Advisors are the book-running lead managers to the issue.