The initial public offer (IPO) of Dreamfolk Services Limited will be open from 24th August 2022 to 26th August 2022. The IPO price band is fixed as per the information given on the BSE website. The fixed IPO price band is Rs 308 to Rs 326 per equity share. Dreamfolks Services Ltd shares are available at a premium of Rs 70 in the grey market.

Dreamfolks IPO details that should know ahead of the subscription opening date:

Today, in the grey market, the company’s price is Rs 70, which is around 21.50 per cent, which is more than its higher price band.

From 24th August to 26th August, the IPO will be open for subscription. The Dreamfolks IPO price band is between Rs 308 to Rs 326 per equity share. The lot size of the company will be applied per lot is 46 shares.

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The company’s operating revenue will be increased from Rs 98.7 crore in FY17 to Rs 367.04 crore in FY20, with a compound annual growth rate of 55 per cent. The book-building issue is a 100 per cent offer for sale (OFS) in nature, meaning Dreamfolks IPO proceeds will go to the pocket of promoters. The public issue will constitute 33 per cent of the company’s post-offer paid-up equity share capital. The public issue is proposed for listing on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The tentative date for IPO listing is 6th September 2022.

The asset of the company is an integrated global card network in India. Some other lounge operators and airport-related services like credit card issuers, debit card issuers and other corporate clients on a unified technology platform.