DreamFolks IPO opens for subscription today, raises Rs 253 crore from anchor investors; should you subscribe?

Times of India

Lean Right

DreamFolks IPO: Should you subscribe to the issue?

The IPO of DreamFolks Service, an airport service aggregator platform, will be sold in the price range of Rs 308-326 apiece. The IPO is entirely an offer for sale (OFS) of up to 1,72,42,368 equity shares with a face value of Rs 2 each.In terms of the valuations, the post issue P/E works out to 104.8x FY22, EPS at the upper range of the price band, However, it looks higher mainly due to lower profitability caused by pandemic led industry wide iss…