Source Name: Equirus Group
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Equirus Played a Pivotal Role as Left Lead BRLM in DreamFolks' IPO of INR 5621MN, which was Subscribed by more than 56X
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Gurgaon, Haryana, India Equirus successfully closed the IPO of DreamFolks Services Limited, Equirus drove the entire IPO process from ideation to successful listing. With this issue, DreamFolks is the first of its kind company, globally, to list in the public markets.
DreamFolks is India's largest airport service aggregator platform facilitating an enhanced airport experience to passengers by leveraging its technology driven platform.
Offer Details
Equirus drove the entire IPO process from ideation to successful listing:
Amidst challenging capital market sentiment, the IPO received extremely strong demand across all investor categories, with an overall subscription of 56.68x
“Equirus showcased its fervor by taking the lead of the entire IPO process and drove the documentation, structuring, timing, and pricing of the IPO. Right from interacting with regulators to investors, Equirus has always been at the forefront to provide constant guidance and counsel. With tireless efforts by the Equirus team, the IPO commenced smoothly and successfully,” said Liberatha Kallat, Managing Director, DreamFolks.
“DreamFolks is a unique business, ingenuously built by Liberatha and her team to create a very strong moat for itself in this space. We are privileged to be a part of the journey of DreamFolks and drive the IPO process in making it the first of its kind company, globally, to list,” says Bhavesh Shah, Managing Director, Investment Banking, Equirus.
About Equirus Equirus Capital provides full-service Investment Banking services for corporate clients and HNI customers and offers services covering equity capital markets, debt capital markets, structured finance, PE, M&A, insurance broking, and wealth management. Its wholly owned subsidiary Equirus Securities is a member of NSE and BSE. It also offers depository services, portfolio management, and research apart from institutional equities. Equirus has done more than 195 transactions across M&A, PE, IPOs, QIPs, Rights Issue, and Structure Finance raising c. $6 billion in the process. Over the last 15 years, Equirus has built impeccable credentials across domains and has created a niche for itself in its ability to structure and deliver transactions in line with the client requirements.
For more information, please visit: www.equirus.com. |