DreamFolks Shares Debut At Premium On The BSE & NSE, Up 56% From The IPO Price

The shares of DreamFolks Services today made their debut on NSE & BSE. Shares of the firm began trading on the NSE at Rs 508 per share, up 56 per cent from the IPO price of Rs 308-326 per share, and the stock launched on the BSE at Rs 505 per share, up 55 per cent. The firm had a market value of Rs 2,638.63 crore at the time of the IPO.
The company launched its Rs562 crore initial public offering (IPO) from August 24 to 26 and garnered significant demand from all investor categories. The IPO was subscribed 56.68 times.
The DreamFolks Services IPO was purely an Offer For Sale (OFS) by current shareholders; as a result, the company would not receive any money from the IPO.
The issue is sized at Rs 562 crore at the upper end of the price band of Rs 308-326 a share.DreamFolks is an airport service aggregator that provides services such as Food & Beverage offerings, Lounge Access, Spa Services, and much more to travellers. Using a single technological platform, the company’s asset-light business strategy links domestic and international networks, credit card and debit card issuers, and other corporate clients, including airline companies, with a variety of airport lounge operators and other service providers for airports.With a market share of more than 80% in the domestic lounge access market, DreamFolks is a significant participant and India’s largest airport service aggregator platform, enabling travellers to enjoy an improved airport experience by utilising a technology-driven platform.