@priya 50% ?? Suppose I am taking 10 lac as funding. Then I have to pay 5lac margin. If the issue over subscribed then I will get shares of 2.1 lac. Is it worth maam ?? because in the whole transaction the one who takes funding will be not very much beneficial. I am asking this because I am also considering to take funding.
48. NARESH ZALA| Link| Bookmark|
August 23, 2022 9:16:18 AM
Top Contributor (200+ Posts, 100+ Likes)
Respected members, is IPO ko subscribe Krna chahiye ki nai? For listing gain asel well as long term ??
GMP is high due to market share, investing for long term is advisable. The business is hit due to COVID. Should take 2- 3 qtrs to show strength in stock price. Since 75% is with qibs and 15% with hni...one can assume 80-85 % stocks won't be sold on day 1. GMP 27% should climb to 35-40% less float , more buzz. After listing UC will be there..for a couple of days. Taking total gains to 70% ++
Don't fully trust GMP, it could be decorated. I hate the ofs thing.
Expensive but unique.. EPS could increase this financial year...as company delivered EPS of 6 in fy2020 3 know Promoters holding 100% are sellers , cost of acquisition is negligible. Buying on listing is not advisable. Even with a unique business model and growth forward, accumulation by investment POV should be at P/E of 70 or less ....ideal price for investment for long-term should be 220-230. Although u may hardly see this price anytime soon due to qib allocation and qib buying IPO is For listing gains only.
46.2. UjwalG| Link| Bookmark|
August 22, 2022 9:51:54 PM
IPO Guru (1300+ Posts, 600+ Likes)
Thanks monster zero for ratios. Business is unique, less float but totally ofs. Subscription will be interesting to see, since syrma money will be unblocked on 2nd day.
41. Eagleye| Link| Bookmark|
August 22, 2022 9:08:18 AM
IPO Guru (6600+ Posts, 22000+ Likes)
Dreamfolks Services IPO – Issue Information *(Final)*
Issue Opens on: 24 August 2022 Issue Closes on: 26 August 2022 Issue Type: Book Built Issue IPO Issue Size: 1,72,42,368 Shares Face Value: Rs.2/- per Share Issue Price: Rs.308 – Rs.326 Share Discount: NIL Market Lot: 46 Shares Listing At: NSE, BSE
Equity Shares outstanding prior to the Issue = 5,22,50,000 Shares Fresh Issue of NIL Shares @326/- = Rs.NILCrs Offer for Sale of 1,72,42,368 Shares @326/- = Rs.562.10Crs Equity Shares outstanding after the Issue = 5,22,50,000 Shares
Retail Shares : 46 App Amt : ₹14,996 Retail Form : 37,483
Small HNI (2-10 Lakh) Shares : 644 App Amt : ₹2,09,944 Forms : 1338
Big HNI (10+ Lakh) Shares : 3082 App Amt : ₹10,04,732 Forms : 2677
36. Viraj.| Link| Bookmark|
August 22, 2022 1:14:12 AM
IPO Mentor (900+ Posts, 1100+ Likes)
Dreamfolks Services Ipo :- PB 308-326, Lot size 46
36.1. Viraj.| Link| Bookmark|
August 22, 2022 8:14:59 AM
IPO Mentor (900+ Posts, 1100+ Likes)
Dreamfolks Services Limited IPO
Open: 24-Aug-2022 Close: 26-Aug-2022
Price : 308 - 326 Market Lot : 46 Shares
Retail Shares : 46 App Amt : 14,996 Retail Form : 37,483
Small HNI (2-10 Lakh) Shares : 644 App Amt : 2,09,944 Forms : 1338
Big HNI (10+ Lakh) Shares : 3082 App Amt : 10,04,732 Forms : 2677
36.2. Smile.| Link| Bookmark|
August 22, 2022 8:29:16 AM
IPO Guru (1800+ Posts, 1100+ Likes)
Can use unallocated amount from syrma here. Gmp 71 is very good. Retail only 10% is due to covid otherwise it will be 35%. Skipping all SME, JayHo Mainboard
34.1. Aaashish| Link| Bookmark|
August 22, 2022 4:31:47 PM
Top Contributor (200+ Posts, 100+ Likes)
Hi Lokes
what's your view on this ipo regarding the financials and future growth
34.2. GJ 😀| Link| Bookmark|
August 23, 2022 12:14:47 AM
IPO Mentor (1600+ Posts, 400+ Likes)
I had one card in the past but never used its services. Having 1 now also, recently received 6+ months back, used only once at Airport lounge, found good.
34.3. Crow| Link| Bookmark|
August 23, 2022 2:24:30 AM
IPO Mentor (900+ Posts, 1100+ Likes)
Which cards are you guys talking about? How did you get them?
I have a few CCs too which I use for lounge access but I have never ever seen the name of Dreamfolks.
@Crow, Not sure about other banks, but when you open an account with ICICI and have a certain monthly/yearly income, they will give you this DF card separately along with your credit card (mainly Sapphiro). More detail here, https://www.cardexpert.in/dreamfolks-dragonpass-card-review-india/
34.6. lokes| Link| Bookmark|
August 24, 2022 12:29:41 AM
IPO Guru (4400+ Posts, 5100+ Likes)
@Aaashish: from financials perspective, we can't conclude much since this business was impacted in last 2 years due to covid....but going forward, it should add more customers and business/profits should grow....in india, huge scope will be there in coming years for such things, more people will travel and more people will get cards.... @crow: this dreamfolks is tie-up card like priority pass etc...some banks are giving this card like icici bank / idfc first etc along with their credit cards for domestic and international lounge/spa access....and dreamfolks serves/provides multiple other services too...
34.7. Crow| Link| Bookmark|
August 24, 2022 12:42:03 AM
IPO Mentor (900+ Posts, 1100+ Likes)
Yes, I have a Priority Pass via SBI but had never heard of DF. I spoke to my RM and she said DF mostly works with Federal, ICICI, and Axis.
Always in restraint of Mrs. Crow.
34.8. DownriteVJ| Link| Bookmark|
August 24, 2022 12:02:39 PM
IPO Guru (1400+ Posts, 1200+ Likes)
I also have DF card and their services are really good. I would ignore covid hit part and would apply to this as i see a potential in future years
34.9. Aaashish| Link| Bookmark|
August 25, 2022 8:41:45 AM
Top Contributor (200+ Posts, 100+ Likes)
@lokes
i understand covid impacted business, hence, low revenue and loss in 21 but why assets went down
Also P/E is so high, like 100
then what's the rationale of investing in this and one guy pointed out negative cash flow as well