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DreamFolks Services IPO To Open On 24 Aug

The IPO is entirely an offer for sale through which the company's promoters will offload 1.72 crore equity shares. The public issue will constitute 33 per cent of the post-offer paid-up equity share capital of the company

Photo Credit : Shutterstock

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DreamFolks Services, India’s largest airport service aggregator platform will be launching its initial public offering (IPO) on August 24. The IPO will be open for subscription for three days to end on August 26. Anchor investors will be allowed to bid for the IPO on August 23, a day ahead of the opening.

The IPO is entirely an offer for sale through which the company's promoters will offload 1.72 crore equity shares. The public issue will constitute 33 per cent of the post-offer paid-up equity share capital of the company, as per various media reports.

Equirius Capital and Motilal Oswal Investment Advisor are acting as the book-running lead manager (BRLM) for the IPO.

The promoters are Liberatha Peter Kallat, Dinesh Nagpal, and Mukesh Yadav.

DreamFolks Services facilitates the airport experience for passengers and helping them access airport-related services such as lounges, food and beverage, spa, meet and assist, airport transfer, transit hotels /nap room access, and baggage transfer.



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