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Dreamfolks Services IPO will begin on August 24


By PTI IST (Released)

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The initial public offering (IPO) is entirely a sale offer of up to 1.72 crore shares by Liberatha promoters Peter Kallat, Dinesh Nagpal and Mukesh Yadav.

The initial sale of shares in airport services aggregation platform DreamFolks Services Ltd will open for public subscription on August 24. The three-day public offering will end on August 26 and the tender for prime investors will open on August 23, according to the Red Herring Prospectus (RHP).

The initial public offering (IPO) is entirely a sale offer of up to 1.72 crore shares by Liberatha promoters Peter Kallat, Dinesh Nagpal and Mukesh Yadav. The public issue will constitute 33% of the paid-up share capital after the company’s offer. DreamFolks facilitates an enhanced airport experience for passengers, leveraging its technology-driven platform.

The company’s light business model integrates global card networks operating in India, credit and debit card issuers and other corporate customers, including airlines, with various airport lounge and airline operators. other airport-related service providers on a unified technology platform. It facilitates consumers’ access to airport-related services such as lounges, food and beverage, spa, airport transfer reception and assistance, transit hotels or access to meeting rooms. siesta and luggage transfer services.

DreamFolks’ operating revenue grew from Rs 98.7 crore in FY 2017 to Rs 367.04 crore in FY 2020, at a compound annual growth rate of 55%. Equirus Capital and Motilal Oswal Investment Advisors are the issue’s lead managers.


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