Dreamfolks Services ‘LISTING’

Dreamfolks Services Limited, as the name in itself, made a dream debut on the stock market today.

The stock was listed at INR 508.70 on the NSE – National Stock Exchange as against the issue price of INR 326, while the opening on the BSE – Bombay Stock Exchange was at INR 505; just about 56 percent listing gains for the IPO holders.

The Initial Public Offering was open for subscription between 24 to 26 August 2022 and received a strong response from investors of all categories. The IPO was subscribed 56.68 times; bringing in bids for 53.74 crore equity shares against the total offer size of 94.83 lakh shares.

Dreamfolks Services Ltd enjoys a ‘95% market share’ and has been following an ‘asset-light business model’ for gaining the preference of air travellers.

At the end of the market, the stock of Dreamfolks Services closed at INR 462.85 (almost 42% higher from its IPO price) with a volume of 2,68,37,695 shares on the NSE.

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22 August 2022

Dreamfolks Services Limited – India’s largest airport service aggregator platform is planning to raise INR 562.10 Cr via IPO [Fresh Issue NIL + 562.10 Cr OFS]

dreamfolks ipo share price fixed at INR 308 to INR 326

Dreamfolks Services: Company Details

DreamFolks Services Ltd is a dominant player and India’s largest airport service aggregator platform facilitating an enhanced airport experience to passengers leveraging a technology-driven platform.

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Business

The Company facilitates customers of Clients’ (consumers) access to the below-mentioned 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,

Dreamfolks started its operations in 2013 by facilitating lounge access services for the Consumers of Mastercard and, currently, provides services to all the Card Networks operating in India including –

• Mastercard,
• Diners/Discover and RuPay,
• Visa,

Network of India’s Prominent Card Issuers includes

• Axis Bank Limited,
• HDFC Bank Limited (in respect of the debit card lounge program),
• ICICI Bank Limited,
• Kotak Mahindra Bank Limited, and
• SBI Cards and Payment Services Limited

Asset Light Business Model

The Company’s asset-light business model integrates global card networks operating in India, credit card and debit card issuers, and other corporate clients in India, including airline companies with various airport lounge operators and other airport-related service providers on a unified technology platform.

Over the years, Dreamfolks have transformed from being an airport lounge access aggregator to an end-to-end technology solutions provider for designing and delivering services that enhance the airport experience.

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Company Dominance

The Company’s dominance is underpinned by facilitating access to 100% of the 54 lounges currently operational in India, and it also enjoyed a market share of over 95% of all India-issued credit cards and debit cards (Card Based) access to airport lounges in Fiscal 2022.

Dreamfolks Services Limited: Network

As of March 31, 2022, Dreamfolks through its partnerships with other service providers, have a global footprint extending to 1,416 Touch-points in 121 countries across the globe out of which, 244 Touch-points are present in India and 1,172 Touch-points overseas.

Company Promoters

Liberatha Peter Kallat,

Mukesh Yadav,

Dinesh Nagpal

IPO Dates

IPO Details – Price, Minimum Bid and Other

Financials

CONCLUSION

Considering the company’s financial parameters, FinBlab recommends NEUTRAL ratings (for the time being) on Dreamfolks Services Limited IPO.

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

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