The IPO will be open for three days, i.e. till August 26, investors can apply for it.
In this, the promoters of the company will sell 1.72 crore equity shares under Offer for Sale (OFS).
As on 31 September 2021, the company had a net worth of Rs 64.7 crore.
New Delhi. India’s largest airport service aggregator platform DreamFolks Services Limited’s IPO will open on August 24 This IPO will be open for 3 days, i.e. investors can apply for subscription till August 26. The issue will open to anchor investors a day earlier on August 23. No new shares will be issued under this IPO. The promoters of the company will sell 1.72 crore equity shares under Offer for Sale (OFS).
According to a Moneycontrol report, the company’s promoters Libertha Peter Kalat, Dinesh Nagpal and Mukesh Yadav will sell the shares under the OFS window, according to documents filed with Sebi. The company provides facilities to customers at the airport such as lounges, meals, spas, meet and greets and transfers. The company is in this business since 2013. Equirus Capital and Motilal Oswal Investment Advisors have been appointed as book running lead managers for the issue.
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Financial position of the company
As on 31 September 2021, the company had a net worth of Rs 64.7 crore. The company’s revenue for the September 2021 quarter was Rs 85.1 crore. In the financial year 2021, the company received a revenue of Rs 105.6 crore. This is lower than the 2020 fiscal year. Revenue in FY 2020 was Rs 367.04 crore.
The company’s asset-light business model integrates global card networks operating in India and credit card and debit card issuers, airport lounge operators and other airport service providers into a single platform. Through this, passengers will get airport related services easily.
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Sirma SGS Technology IPO is receiving good response
Yesterday (Thursday) was the last day to subscribe to Sirma SGS Technology’s IPO. This IPO has received good response. This IPO was filled 32.61 times in total. If we talk about retail, it is 5.53 times full. It is expected that the IPO will be allotted on August 23. Due to this good response, it gained momentum in the gray market as well. Gray-market observers say shares of Sirma SGS are currently at a premium of Rs 48 per share. On Thursday, i.e. yesterday morning, its grey-market premium was Rs 36. Accordingly today it has increased by 12 rupees.
Tags: Business News, Business news in Hindi, IPO, stock market, capital market
First Published: August 19, 2022, 14:46 IST