DreamFolks IPO Subscription Status: Day 2, 25 August 2022

DreamFolks IPO Subscription Status: Day 2

Subscription Status On Day 2, 25 August 2022

The IPO has been subscribed 6.09 times as of the August 25, 2022, 05:15 PM.

DreamFolks services limited initial public offering (IPO) was booked 6.09 times on August 25, 2022 the 2nd day of bidding, getting good support from retail individual investors.

The retail individual portion has been subscribed 19.1 times. The total issue size was reduced to 94.83 lakh shares from 1.72 crore shares after the company raised Rs 253 crore through its anchor book on August 23, 2022.

Non-institutional investors have bid for 8.4 times on subscription day 2 shares set aside for them, while the qualified institutional buyers’ portion is low subscription on bidding day 2 was booked only 0.60 times.

DreamFolks Services IPO Timeline, IPO Open Date, Listing Date, Refund Date

DreamFolks Services IPO Details:

Issue Amount : Upto Rs 562 Cr.
Post Issue Implied Market Cap: ₹# crore
Total shares on offer : Upto #17,242,368 Equity Shares
Face Value : ₹2 per share
Price Band : ₹308 to ₹326
Lot Size : 46 shares
IPO Registrar : Link Intime India Pvt. Ltd.

Offer Breakup

Company All Details

The Company was originally incorporated as ‘Believe Tradelink Private Limited’, at New Delhi as a private limited company under the Companies Act, 1956 and received a certificate of incorporation issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana at Delhi (RoC) on April 24, 2008. Subsequently, pursuant to a special resolution passed by the Shareholders of our Company on May 1, 2015, our Company’s name was changed to ‘Dreamfolks Services Private Limited’, and a fresh certificate of incorporation dated June 12,2015, was issued to our Company by the RoC. Thereafter,

The Company was converted into a public limited company pursuant to a special resolution passed in the extraordinary general meeting of The Shareholders held on October 20, 2021 and the name of the Company was changed to its present name pursuant to a fresh certificate of incorporation issued by the RoC on November 23, 2021. For details of changes in the name and registered office of the Company, see “ History and Certain Corporate Matters” on page 154

DreamFolks Services Limited is Indai’s largest airport service aggregator platform facilitating an enhanced airport experience to passengers leveraging a modern technology-run platform. The provide lounges, food and beverage, spa meet and assist, airport transfer, transit hotel/nap room access and baggage transfer services.

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