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Dreamfolks Services IPO Details
Issue Date
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Investment/lot
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Price Range
₹308 - ₹326
Lot Size
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IPO Size
₹562.10 Cr
Dreamfolks Services IPO Listing Details
Listing On
6 Sep'22
Issue Price
₹326
Listed Price
₹ 508.7
Retail Gain/Listing Gain
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Schedule of Dreamfolks Services IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
06/09/2022
Company Background
DreamFolks Services Limited is a dominant player and India's largest airport service aggregator platform (Source: F&S Report).
The company’s 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 with various airport lounge operators and other airport related service providers on a unified technology platform.
DreamFolks’ facilitates customers of Clients’ (Consumers) access to airport related services such as lounges, food and beverage, spa, meet and assist, airport transfer, transit hotels /nap room access, and baggage transfer.
The company has tied-up with around 57 restaurants and food & beverage outlets at 18 airports across India, as of March 31, 2022. It 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’s dominance is underpinned by facilitating access to 100% of the 54 lounges currently operational in India, and it also enjoys a market share of over 95% of all India issued credit card and debit card access to airport lounges in Fiscal 2022. Additionally, in Fiscal 2022, it also accounted for around 68% of the overall lounge access volume in India. (Source: F&S Report).
As at March 31, 2022, through 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.
As at March 31, 2022, through 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 airport lounge aggregation industry
Entrenched relationships with marquee Clients
Strong business moat due to flywheel effect led by clients & operators network
Asset and human resource light business model
Proprietary technology platform that ensures scalability
Key Strategies
Here are a few strategies DreamFolks Services Limited has for its business:
- Increase wallet share with existing Clients
- Continue to maintain its 100% coverage of airport lounges by expanding coverage across new airport lounges in India
- Expand into newer sectors to create customer engagement and provide loyalty management solutions
- Continued focus to expand client base in current sectors
- Capitalize on its dominance in the airport lounge access market and target new high growth markets globally
Key Financials
And finally here’s a look at key financials of DreamFolks Services Limited.
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Dreamfolks Services IPO FAQs
What is the issue size of Dreamfolks Services IPO?
₹562.10 Cr is the issue size of Dreamfolks Services IPO.
What is the price band of the Dreamfolks Services IPO?
The price band of Dreamfolks Services IPO is ₹308 to ₹326.
What is DreamFolks Services Limited IPO?
The DreamFolks Services IPO has an issue size of around Rs 562 crore. The IPO opens for subscription on 24th August and ends on 26th August, 2022.
What are the allotment dates for DreamFolks Services Limited IPO?
The allotment dates are yet to be announced.
Who is the Registrar of DreamFolks Services Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
When will DreamFolks Services Limited IPO get listed on BSE and NSE?
The dates are yet to be decided.
Where can I read more about DreamFolks Services Limited business?
You can read more about DreamFolks Services Limited and its IPO from the company’s red herring prospectus (RHP) here: