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

Business Desk. Dreamfolx Services, a leading provider of airport dining, spa, and lounge services, is coming up with an IPO. Airport service aggregator platform Dreamfox Services Limited’s IPO will open on August 24. As per 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 one day in advance. Let us tell you on 23 August that Dreamfoams is the same company, which provides many facilities to the passengers to get an enhanced 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. It gives passengers easy access to airport-related services such as lounges, food and drink, spas, meat, and airport transfers, transit hotels or restrooms, and baggage transfer services. Its revenue grew at a CAGR (compounded annual growth rate) of 55 percent between FY 2016-2017 to FY 2019-20. At the same time, its income in the financial year 2017 was Rs 98.7 crore, while in the financial year 2020 the company received revenue of Rs 367.04 crore.

Read More: After SBI, IndusInd Bank has now upped interest rates as well. You can see here that there is no more benefit to having an FD.

Dreambox 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 promoters of the company Liberta 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 of the issue.

Join Our Group For All Information And Update, Also Follow me For Latest Information
YouTube	Click Here
Facebook Page	Click Here
Instagram	Click Here
Telegram Channel	Click Here
Google News	Click Here
Twitter	Click Here