Dreamfolks Services Ltd. share price target

DreamFolks (DFS) posted a revenue growth of 7.3% QoQ/11.5% YoY to INR3.4b, in line with our estimate of INR3.3b. Gross profit was flat YoY and down 2.5% QoQ to INR382m, with a gross margin of 11.2% (down 110bp QoQ). EBIT margin came in at 6.5%, down 220bp YoY/50bp QoQ. Consolidated PAT was INR169m (down 16% YoY/up 5% QoQ).

Issue Snapshot: Issue Open: Aug 24 Aug 26, 2022 Price Band: Rs. 308 326 *Issue Size: Rs 562.1 cr (Entirely offer for sale of 17,242,368 eq sh) Reservation for: QIB atleast 75% eq sh Non-Institutional upto 15% eq sh ((including 1/3rd for applications between Rs.2 lakhs to Rs.10 lakhs)) Retail upto 10% eq sh Face Value: Rs 2 Book value: Rs 15.73 (Mar 31, 2022) Bid size: - 46 equity shares and in multiples thereof 100% Book built Issue IPO Note - DreamFolks Services Limited

DreamFolks Services Ltd (DreamFolks) is a dominant player and India's largest airport service aggregator platform, an incubator of the industry with its unique, asset-light, capital-efficient business model.

As the markets take a turbulent turn, another IPO is upon us. This time it’s a niche business that serves the airport lounge industry with no listed peers — Dreamfolks Services.

IPO Note