Public Market

IPO

Airport service aggregator Dreamfolks Services files for IPO

PTI  

Airport service aggregator platform Dreamfolks Services Ltd has filed preliminary prospectus with capital markets regulator Sebi to raise funds through an IPO. The issue is entirely an offer-for-sale (OFS) of up to 21,814,200 equity shares by promoters Liberatha Peter Kallat, Dinesh Nagpal and Mukesh Yadav. The public issue will constitute 41.75% of the post offer paid-up equity share capital of the company. Equirus Capital and Motilal Oswal Investment Advisors are the book running lead managers to the issue. Dreamfolks aims to facilitate consumers' access to airport related services like lounges, food & beverages, spa, meet & assist airport transfer, transit hotels or nap room access, and baggage transfer services.