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Dreamfolks Services IPO - Listing Date, GMP & Subscription

Dreamfolks Services Ltd IPO listing date: Sep 6, 2022 on NSE, BSE. Listed at ₹428 (+31.3%) vs issue price of ₹326. Subscribed 56.68x overall (QIB: 108.41x). Price band: ₹308-₹326, lot size 46 shares.

sHQ

stoicHQ Research Team · Ex-quants, IIT Delhi · Updated Sep 5, 2022

Key Dates

IPO Open DateAug 24, 2022

IPO Close DateAug 26, 2022

Allotment DateAug 31, 2022

Refund DateSep 5, 2022

Demat Credit DateSep 5, 2022

Listing DateSep 6, 2022

Issue Details

Price Band₹308-₹326

Issue Price₹326

Face Value₹2

Lot Size46 shares

Min Investment₹14,996

Issue Size₹562 crore

Listing ExchangeNSE, BSE

RegistrarLink Intime India

IPO TypeMainboard

stoicHQ Analysis

✓Asset-light model - very high EBITDA margins

✓108x QIB subscription

✓India's largest airport services aggregator

⚠100% OFS - promoter and PE exit

⚠B2B2C model dependent on card network relationships

About Dreamfolks Services Ltd

Dreamfolks Services is India's largest airport services aggregator, managing lounge access and airport amenities. Asset-light model processing 10 million+ transactions annually.

Subscription Breakdown

Overall Subscription56.68x

QIB (Institutional)108.41x

NII (HNI)66.55x

Retail18.79x

Listing Price

₹428

Listing Gain

+31.3%

Issue Price

₹326

stoicHQ Analysis

Exceptional 31.3% listing gain on an OFS-only issue. The asset-light lounge aggregation model with near-zero capex and high EBITDA margins attracted institutional buyers at premium multiples. Post-listing, the stock significantly outperformed through 2023.

Technology / Travel Services2022All 2022 IPOs

IPO Listing Timeline

Previous IPO← Delhivery IPO (listed May 24, 2022)Next IPOHarsha Engineers IPO (listed Sep 26, 2022) →

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Frequently Asked Questions

When did Dreamfolks Services IPO list?

Dreamfolks Services IPO listed on September 6, 2022 on NSE and BSE at ₹428, a strong +31.3% gain over the issue price of ₹326.

What was Dreamfolks Services IPO subscription?

Dreamfolks Services IPO was subscribed 56.68x overall. QIB was 108.41x, NII (HNI) was 66.55x, and retail was 18.79x.

What is the Dreamfolks Services IPO price band?

The Dreamfolks Services IPO price band was ₹308-₹326 per share. Lot size was 46 shares. Minimum investment was ₹14,996. Issue size was ₹562 crore, entirely an offer for sale.

What is the Dreamfolks Services IPO allotment date?

The allotment date for Dreamfolks Services IPO was August 31, 2022. Listing was on September 6, 2022.

Is Dreamfolks Services a good long-term stock?

Dreamfolks operates an asset-light airport lounge aggregation model with high EBITDA margins, which drove strong institutional demand (108x QIB). The IPO was 100% OFS, meaning no fresh capital went to the company - a factor worth weighing against its brand and market position.