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:
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:
Here's a quick look at Dreamfolks IPO’s strengths, risks and threats
Risks and threats
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:
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:
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
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.
Pre-applying for the Dreamfolks IPO means applying for this public issue before it goes live. Click here to pre-apply for the Dreamfolks IPO on Upstox.
You can pre-apply for the Dreamfolks IPO from 23 August 2022. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
Click here to apply for the Dreamfolks IPO on Upstox. You can also download our app and apply for the IPO.
The Dreamfolks IPO launch date is 24 August 2022. The Dreamfolks IPO will be open for subscription till 26 August 2022.
The Dreamfolks IPO price band is ₹308-₹326 per share.
The size of the Dreamfolks IPO is ₹562 crore.
You can place up to three bids for an application.
No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.