The company is India’s largest airport service aggregator platform facilitating an enhanced airport experience to passengers leveraging a technology driven platform. Its asset-light business model integrates global card networks operating in India (Card Networks), credit card and debit card issuers (Card Issuers) and other corporate clients, in India, including airline companies (Corporate Clients and along with Card Networks and Card Issuers, the Clients) with various airport lounge operators and other airport related service providers (collectively, the Operators) on a unified technology platform.
The company facilitates customers of Clients’ (Consumers) access to the following airport related services (i) lounges, (ii) food and beverage (iii) spa, (iv) meet and assist, (v), airport transfer (vi) transit hotels /nap room access, and (vii) baggage transfer, (collectively, the Services).
DreamFolks Services facilitates access to 100% of the 54 lounges currently operational in India, and also enjoyed a market share of over 95% of all India issued credit card and debit card (Card Based) access to airport lounges in FY2022. Additionally, in Fiscal 2022 it also accounted for around 68% of the overall lounge access volume in India. As at 31 March 2022, it has a global footprint extending to 1,416 Touch-points in 121 countries across the world through partnerships with other service providers.
DreamFolks IPO Details
| Subscription Dates | 24 – 26 August 2022 |
| Price Band | INR308 – 326 per share |
| Fresh issue | Nil |
| Offer For Sale | 17,242,368 shares (INR531.06 – 562.10 crore) |
| Total IPO size | 17,242,368 shares (INR531.06 – 562.10 crore) |
| Minimum bid (lot size) | 46 shares (INR14,996) |
| Face Value | INR2 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
DreamFolks Financial Performance
| FY2020 | FY2021 | FY2022 | |
| Revenue | 367.0 | 105.6 | 282.5 |
| Expenses | 324.3 | 108.3 | 263.5 |
| Net income | 31.3 | (1.2) | 16.6 |
| Margin (%) | 8.5 | (1.1) | 5.9 |
Dreamfolks Services IPO Market Lot
The Dreamfolks Services IPO minimum market lot is 46 shares with ₹14,996 application amount. The retail investors can apply up-to 13 lots with 598 shares or ₹194,948 amount.
Dreamfolks Services IPO Allotment & Listing Dates
The Dreamfolks Services IPO date is August 24 and the close date is August 26. The Dreamfolks Services IPO allotment will be finalized on September 1 and the IPO listing on September 6.
Company Promoters
- Liberatha Peter Kallat
- Mukesh Yadav
- Dinesh Nagpal
Dreamfolks Services IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: dreamfolks.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Dreamfolks Services IPO Allotment Status Check
Check Dreamfolks Services IPO allotment status on Linkintime website allotment URL. Click Here
Dreamfolks Services IPO Lead Managers
- Equirus Capital Private Limited
- Motilal Oswal Investment Advisors Pvt Ltd
Company Address
Dreamfolks Services Limited
501, Tower 2, Fifth Floor,
Worldmark, Sector-65,
Gurugram – 122 018
Phone: +91 0124 4173 560
Email: compliance@dreamfolks.in
Website: https://www.dreamfolks.in/
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