Dreamfolks Services Limited

How to check the Dreamfolks IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. This is also true in the case of the Dreamfolks IPO. 

The Dreamfolks IPO’s closing date is 26 August 2022. The Dreamfolks IPO’s allotment date has been set five days later, on 1 September 2022.

Here’s a step-by-step guide on how to check the Dreamfolks IPO allotment status:

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover page, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, you will find the ‘View all’ option
5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
6. In the ‘IPO’ tab, click on ‘My applications’ 
7. In ‘My applications’, under the History section, your allotment status will be mentioned

About Dreamfolks IPO

While taking a flight, you may have availed services such as lounge, nap rooms and food and beverages at airports in India. And it’s highly likely that these services were facilitated by Dreamfolks Services. It is India's largest airport service aggregator platform. The company facilitates services such as lounges, food and beverage, spa, meet and assist, airport transfer, transit hotels /nap room access and baggage transfer. Simply put, its revenue is driven by the number of unique times consumers avail these services.

It is a dominant player in India, and has 95% market share of all India issued credit card and debit card access to airport lounges. 

The company began its operations in 2013 by facilitating lounge access services for the consumers of Mastercard. It has come a long way since then and today provides services to a host of card networks including Visa, Mastercard, Diners/Discover and RuPay. Its first mover advantage has enabled it to become a large player in the industry with a share of over 80% in the domestic lounge access market in India. 

Now, this company is all set to launch the Dreamfolks IPO. The Dreamfolks Service Ltd IPO will be an offer for sale. 

Here are key details about the Dreamfolks IPO: 

Financial snapshot

Here's a quick look at Dreamfolks IPO’s strengths, risks and threats

Strengths  

1. Has an exclusive arrangement at 12 lounges across 11 airports in India, as of 31 March 2022
2. Provides consumers access to 1,416 touch-points (service fulfilment point) in 121 countries across the world including India, as of 31 March 2022
3. India’s largest card issuers including ICICI Bank, Axis Bank and Kotak Mahindra Bank are among its clients
4. 34% of the lounges in India have been associated with it for over six years, as of 31 March 2022
5. Doesn’t need to incur direct consumer acquisition costs. This is because consumer acquisitions (card users) is done by its clients 

Risks and threats

1. 99% of the total revenue came from card networks and card issuers in FY22
2. The revenue from lounge access related airport services accounted for around 98% of the total revenue in FY22
3. Any downturn in the travel industry could adversely affect its business 
4. The top five clients accounted for 81.8% of the revenue in FY22
5. Faces competition from large global players such as Priority Pass who have significant experience  

Dreamfolks IPO details

| Dreamfolks IPO date 

The offer document filed by the company with the SEBI mentions that the Dreamfolks IPO’s opening date – in other words, the Dreamfolks IPO launch date – will be on 24 August 2022. The Dreamfolks IPO closing date is 26 August 2022. After this, investors will be updated about the allotment status on 1 September 2022. 

Investors, who have been allotted shares, can expect them to be credited in their demat account on 5 September 2022. The Dreamfolks IPO listing date is 6 September 2022. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.  

| Dreamfolks IPO Price Band

The entire IPO is a book-built issue. The Dreamfolks IPO price band has been set between ₹308 and ₹326 per share. Interested investors can choose a price within this band to apply for the IPO. 

The Dreamfolks IPO listing price will be determined on 6 September 2022. The listing price is the price at which the shares of a company make their debut on the stock exchanges. 

| Dreamfolks IPO Lot size

The Dreamfolks IPO details have been declared. The Dreamfolks IPO lot size is set at 46 shares, and an investor can apply for a minimum of 1 lot. Individual investors applying under the retail category can apply for up to 14 lots (644 shares). Meanwhile, the Dreamfolks IPO issue size is ₹562 crore. 

How to apply for the Dreamfolks IPO?

If you are interested in this investment opportunity but unsure how to apply for the Dreamfolks IPO, here we are listing out the steps for you. 

Here’s a step-by-step guide on how to apply for the Dreamfolks IPO on Upstox: 

1. 1. Login to your Upstox account, using your six-digit PIN
   2. After successfully logging in, click on ‘Discover’
   3. On the Discover tab, you will find the ‘Invest in IPO’ section
   4. Under the Invest in IPO section, look for the ‘Dreamfolks IPO’ tab and click on it
   5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
   6. Confirm and click on ‘Apply’
   7. Accept the mandate on your UPI app

Open a demat account with Upstox to apply for the Dreamfolks IPO

To apply for the Dreamfolks IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.

Here is a step-by-step guide on how to open a demat account with Upstox:

1. Click here to visit the demat account opening page on the Upstox website. 
2. Enter your phone number and other essential details to begin opening a demat account.
3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
4. Complete the e-verification using the OTP sent to your registered mobile number. 

This is all it takes to open a demat account with Upstox. Easy and quick, right? 

Upstox – trading app to apply for the Dreamfolks IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. 

You can apply for the Dreamfolks IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. 

In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.