Dreamfolks Services IPO
Dreamfolks Services IPO incorporated in 2008, Dreamfolks Services Limited is India’s largest airport service aggregator platform. The company offers services such as Lounge Access, Doorstep Baggage transfer, Food and Beverage offerings, Spa Services, Meet and Assist, Airport transfer services (pick up and drop), and Transit Hotels / Nap Room Access.
Dreamfolks Services has tie-up with around 57 restaurants and Food & Beverage outlets at 18 airports across India, as of March 31, 2022. The company also offers airport ‘pick-up and drop’ facilities in 47 cities across India and in 145 cities outside India, as of March 31, 2022.
The company started its lounge access services for the Consumers of Mastercard in 2013 and currently, provides services to all the Card Networks operating in India, including Visa, Mastercard, Diners/Discover and RuPay, and many of India’s prominent Card Issuers including ICICI Bank Limited, Axis Bank Limited, Kotak Mahindra Bank Limited, HDFC Bank Limited (in respect of debit card lounge program) and SBI Cards and Payment Services Limited.
Dreamfolks Services has an asset-light business model that 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.
Further, as of March 31, 2022, through the partnerships with other service providers, the company has a global footprint extending to 1,416 Touch-points in 121 countries across the world out of which, 244 Touch-points are present in India and 1,172 Touch-points overseas.
Competitive Strengths:
- Dominant player in India airport lounge aggregation industry with strong tailwinds.
- Entrenched relationships with marquee Clients including global card network providers in India and prominent Indian and global banks and corporates.
- Strong business moat due to flywheel effect led by Clients and Operators network.
- 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 App).
- Experienced promoters and management team with strong domain expertise.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 137.76 | 367.81 | 31.68 | 65.51 |
| 31-Mar-21 | 122.5 | 108.11 | -1.45 | 64.3 |
| 31-Mar-22 | 168.68 | 283.99 | 16.25 | 82.16 |
| Amount in ₹ Crore |
Objects of the Issue
The company will not directly receive any proceeds from the Offer and the entire Offer Proceeds will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.
Dreamfolks Services IPO Details
| Dreamfolks Services IPO Date | Aug 24, 2022 to Aug 26, 2022 |
| Dreamfolks Services IPO Face Value | ₹2 per share |
| Dreamfolks Services IPO Price | ₹308 to ₹326 per share |
| Dreamfolks Services IPO Lot Size | 46 Shares |
| Issue Size | 17,242,368 shares of ₹2 (aggregating up to ₹562.10 Cr) |
| Offer for Sale | 17,242,368 shares of ₹2 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| 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 |
| Company Promoters | Liberatha Peter Kallat, Mukesh Yadav and Dinesh Nagpal are the company promoters. |
IPO Timeline
IPO opens on Aug 24, 2022, and closes on Aug 26, 2022. The IPO bid date is from Aug 24, 2022 10.00 A.M. to Aug 26, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Dreamfolks Services IPO Opening Date | Aug 24, 2022 |
| Dreamfolks Services IPO Closing Date | Aug 26, 2022 |
| Basis of Allotment | Sep 1, 2022 |
| Initiation of Refunds | Sep 2, 2022 |
| Credit of Shares to Demat | Sep 5, 2022 |
| Dreamfolks Services IPO Listing Date | Sep 6, 2022 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 67% |
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: [email protected]
Website: https://www.dreamfolks.in/
IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
IPO Lead Manager
- Equirus Capital Private Limited
- Motilal Oswal Investment Advisors Pvt Ltd
