Airport service facilitator Dreamfolks Services will open its Initial Public Offering (Offer) on Wednesday, August 24, 2022.
The Price Band for the Offer has been fixed at Rs 308 to Rs 326 per Equity Share. Bids can be made for a minimum of 46 Equity Shares and in multiples of 46 Equity Shares thereafter.
The company facilitates customers’ access to airport related services like lounges, food and beverages, spa, meet and assist, airport transfer, transit hotels or nap room access, and baggage transfer. At present, the company facilitates all the 54 lounges operational in India and enjoys market share of over 80 per cent in the domestic lounge access market.
The IPO consists of an offer of Equity Shares by way of an Offer for Sale of Up to 17,242,368 Equity Shares by the promoter selling shareholders. The Offer for Sale comprises upto 6,531,200 Equity Shares by Mukesh Yadav, upto 6,531,200 Equity Shares by Dinesh Nagpal and upto 4,179,968 Equity Shares by Liberatha Peter Kallat.
Equirus Capital Private Limited and Motilal Oswal Investment Advisors Limited are the Book Running Lead Managers (BRLMs) to the Offer.
