Dreamfolks Services Limited is India’s largest airport services aggregation platform. The company provides a range of services such as lounge access, door baggage transportation, food and beverage offerings, spa services, meeting and assisting, airport transportation (pick-up and drop-off) and access to transit hotels/rooms.
Dreamfolks Services has tie-ups with around 57 restaurants and F&B outlets at 18 airports across India as on March 31, 2022. The company also offers airport pick-up and drop-off facilities in 47 cities across India and 145 cities. outside India, as on March 31, 2022.
The company launched its Mastercard consumer lounge access services in 2013 and currently services all card networks operating in India, including Visa, Mastercard, Diners/Discover and RuPay, and many of India’s leading card issuers, including ICICI Bank Limited. , Axis Bank Limited, Kotak Mahindra Bank Limited, HDFC Bank Limited (with respect to Debit Card Lounge) and SBI Cards and Payment Services Limited.
Dreamfolks Services has an asset-based business model that integrates global card networks operating in India, credit and debit card issuers and other corporate clients in India, including airlines with various airport lounge operators and other airport service providers on a single technology. platform. As of March 31, 2022, DreamFolks had 50 clients, including Card Networks and many prominent Indian card issuers, and a total of 9.79 million (97.9 lakh) customers as of FY2020.
In addition, as on March 31, 2022, through partnerships with other service providers, the company has a global reach of 1,416 touch points in 121 countries worldwide, of which 244 touch points are present in India and 1,172 touch points are overseas.
Competitive Strengths
- Dominant player in India airport lounge aggregation industry with strong tailwinds.
- Strong business moat due to flywheel effect led by Clients and Operators network.
- Proprietary technology platform that ensures scalability (DreamFolks App).
- Experienced promoters and management team with strong domain expertise.
- Ability to capitalize on growing Consumer base with no associated costs of direct Consumer acquisition.
- Asset and human resource light business model with a strong track record of delivering consistent growth.
- Entrenched relationships with marquee Clients including global card network providers in India and prominent Indian and global banks and corporates.
Is Dreamfolks Services good for Investment?
Dreamfolks Services Limited is a technology-driven company that offers enhanced airport experience for passengers through its proprietary technology solutions.
The company’s operations are spread overseas as well through its partnerships with other service providers. They have 1,259 Touch-points in 121 countries.
The company largely depends on technology and continually makes new advancements to better serve the audience. They have a good reputation over the years and have emerged as a major player.
Company Promoters
- Liberatha Peter Kallat
- Mukesh Yadav
- Dinesh Nagpal
Company Financials
| Particulars | 31 March 2022 | 31 March 2021 | 31 March 2020 |
| Assets | 168.68 | 122.5 | 137.76 |
| Revenue | 283.99 | 108.11 | 367.81 |
| Profit After Tax | 16.25 | -1.45 | 31.68 |
Object Of The Issue
- To carry out the Offer for Sale of up to 21,814,200 Equity Shares by the Selling Shareholders.
- Enhance visibility and brand image and provide liquidity to the shareholders.
- Also provide a public market for the equity shares in India.
Dreamfolks Services IPO Strengths
- Dominant player in the airport lounge aggregation industry in India with strong tailwinds.
- Strong business moat due to flywheel effect led by Clients and Operators network.
- Entrenched relationships with marquee Clients including global card network providers in India and prominent Indian and global banks and corporates.
- Ability to capitalize on growing Consumer base with no associated costs of direct Consumer acquisition.
- Asset and human resource light business model with a strong track record of delivering consistent growth.
- Proprietary technology platform that ensures scalability.
Dreamfolks Services IPO Risks
- Success is majorly dependent on our long-term relationship with card networks, card issuer financial institutions, airport lounge operators and other airport services providers.
- Operations are heavily dependent on the travel industry, in general, and on the air travel industry, in particular.
- It is heavily reliant on a few clients, and derives a significant part of the revenue from lounge access related services and from select clients.
- Potential saturation of Indian markets and requirement of expansion in global markets.
- Inability to compete effectively may lead to a lower market share or reduced operating margins.
Dreamfolks Services IPO – Details
| IPO Opening Date | 24 August 2022 |
| IPO Closing Date | 26 August 2022 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ₹562 Crore |
| Offer For Sale | 1,72,42,368 shares |
| Face Value | ₹2 per equity share |
| IPO Price | ₹308 – ₹326 |
| Market Lot | 46 Shares |
| Min Order | 46 Shares ( 1 Lot ) |
| Listing At | BSE, NSE |
| Register | LinkInTime India Private Limited |
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Net Offer |
Dreamfolks Services IPO – Date Schedule
| IPO Open Date | 24 August 2022 |
| IPO Close Date | 26 August 2022 |
| Basis of Allotment Date | 01 September 2022 |
| Initiation of Refunds | 02 September 2022 |
| Credit of Shares to Demat Account | 05 September 2022 |
| IPO Listing Date | 06 September 2022 |
Dreamfolks Services IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 46 | 14,996 |
| Maximum | 13 | 598 | 1,94,948 |
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 67% |
Dreamfolks Services IPO Prospectus
Company Contact Information
| 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/ |
Dreamfolks Services IPO Registrar
| Link Intime India Private Limited C 101, 247 Park L.B.S. Marg, Vikhroli (West), Mumbai 400 083, Maharashtra Tel: +91 22 4918 6270 E-mail: dreamfolks.ipo@linkintime.co.in Website: www.linkintime.co.in |
Dreamfolks Services IPO Lead Manager(s)
| 1. Equirus Capital Private Limited 2. Motilal Oswal Investment Advisors Pvt Ltd |
Dreamfolks Services IPO FAQs
| What is Dreamfolks Services IPO? Dreamfolks Services IPO is a main-board IPO. The issue is priced at ₹308 to ₹326 per equity share. The IPO is to be listed on BSE & NSE. |
| When Dreamfolks Services IPO will open? The IPO is to open on 24 August 2022 for QIB, NII, and Retail Investors. |
| What is Dreamfolks Services IPO Investors Portion? The investors’ portion for QIB-75%, NII-15%, and Retail 10%. |
| How to Apply the Dreamfolks Services IPO? You can apply Dreamfolks Services IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Dreamfolks Services IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Dreamfolks Services”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Dreamfolks Services IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Dreamfolks Services”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Dreamfolks Services IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Dreamfolks Services”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Dreamfolks Services IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Dreamfolks Services”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Dreamfolks Services IPO Size? Dreamfolks Services IPO size is ₹562. |
| What is Dreamfolks Services IPO Price Band? Dreamfolks Services IPO Price Band is ₹308 to ₹326. |
| What is Dreamfolks Services IPO Minimum and Maximum Lot Size? The minimum bid is 46 Shares with ₹14,996 amount while the maximum bid is 498 shares with ₹1,94,948. |
| What is the Dreamfolks Services IPO Allotment Date? Dreamfolks Services IPO allotment date is 01 September 2022. |
| What is the Dreamfolks Services IPO Listing Date? Dreamfolks Services IPO listing date is 06 September 2022. The IPO is to list on BSE and NSE. |
